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    /PRNewswire/ – Miller Real Estate Fund II has fully repaid the maturing CMBS loan on 401 Market Street, a mixed‑use office tower on Independence Mall in Center City Philadelphia. The loan was retired on October 6, 2025, leaving the Fund and its affiliates with clear title to the 11‑story, 523,000‑sq‑ft building. The property sits on a 1.8‑acre lot with nearly 200 ft of frontage on the National Historic Landmark, offering prime visibility and signage opportunities as Philadelphia gears up for the U.S. 250th‑anniversary celebrations in 2026.

    Miller Investment Management, LP, an SEC‑registered adviser founded in 1998, now owns the asset outright and is crafting a repositioning strategy that leverages its strategic location and enduring value. Miller manages $1.8 billion in discretionary assets and advises on $3.8 billion in non‑discretionary assets across real estate, private equity, and public securities. The firm is headquartered outside Philadelphia with a Manhattan office and serves the Fund through a wholly owned subsidiary.

    For property inquiries, contact Matt Ryan at [email protected] or (610) 834‑9820 x140.