MILLER REAL ESTATE FUND II REPAYS CMBS LOAN ON PHILADELPHIA'S 401 MARKET STREET

MILLER REAL ESTATE FUND II REPAYS CMBS LOAN ON PHILADELPHIA'S 401 MARKET STREET

WEST CONSHOHOCKEN, Pa., Nov. 10, 2025 /PRNewswire/ -- The foundational investors in Miller Real Estate Fund II (the "Fund"), a vehicle investing in mixed-use commercial properties in the Philadelphia area, have repaid in full the maturing CMBS loan on 401 Market Street, located along Independence Mall in Center City Philadelphia. The repayment was completed on October 6th, 2025. With the loan retired, the Fund and its affiliates now hold unencum…

Prime Independence Mall Tower Clears Debt as Owners Map Strategic Repositioning

WEST CONSHOHOCKEN, PA — The foundational investors behind Miller Real Estate Fund II have fully repaid the maturing CMBS loan on 401 Market Street, a prominent mixed-use property overlooking Independence Mall in Center City Philadelphia. The repayment, completed October 6, 2025, returns the building to unencumbered ownership and sets the stage for a major strategic repositioning. The eleven-story, 523,000-square-foot tower — officially listed as…