Market East Property Purchase Agreement Amended

The Philadelphia Parking Authority amended its 2014 property purchase agreement with Market East Associates, LP for the 8th and Chestnut Streets property. The amended agreement set a $27M sale price and generated $2.875M in non-refundable extension deposits through the December 31, 2018 closing deadline.

Document date · September 15, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$27M sale price; $2.875M in non-refundable extension deposits

Contract type

OTHER

Contract term

January 23, 2014 – December 31, 2018

Renewal date

2018-12-31

Renewal

Six-month closing extensions were permitted through December 31, 2018 upon payment of non-refundable deposits.

Document type

StaffReport

Source document

The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Philadelphia Parking Authority?

Market East Associates Lp was awarded this government contract by Philadelphia Parking Authority, as recorded on September 15, 2026. The contract value is $27M sale price; $2.875M in non-refundable extension deposits.

How much is the Market East Associates Lp contract with Philadelphia Parking Authority worth?

The Market East Associates Lp contract with Philadelphia Parking Authority is valued at $27M sale price; $2.875M in non-refundable extension deposits.

What type of contract is this?

This is a government contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15 (StaffReport), dated September 15, 2026 from Philadelphia Parking Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Market East Associates Lp hold?

Market East Associates Lp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Market East Associates Lp's profile

What is Philadelphia Parking Authority currently buying?

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