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Center City Irish Pub Building Sells

PHILADELPHIA -- The Center City building housing the recently shuttered Irish Pub, a Philadelphia institution for more than 30 years, has sold for $2.3 million. The property is located at 1123 Walnut St. In addition, its business assets and liquor license also sold as part of the…
MPN Realty
September 14, 2019
News

Game cafe Queen & Rook coming to South Street

PHILADELPHIA -- Edward Garcia was at a bachelor party at an ax-throwing venue in Montreal several years ago when he and his friends struck up a conversation with the owners, who were fans of Dungeons & Dragons, the board game. After the ax games, they…
MPN Realty
September 14, 2019
News

Center City apt building on Locust sold for $19 million

PHILADELPHIA -- Counter Capital Management paid $19.1 million for 1501 Locust St., a 29-unit apartment building that adds to the firm’s growing presence in Center City. With this acquisition, Counter Capital, of Westport, Conn., has spent more than $80 million accumulating a portfolio of multifamily…
MPN Realty
September 14, 2019
News

MPN Realty Brokers Sale of Archworks Building

PHILADELPHIA -- A local investment group paid $8.3 million for Archworks, an eightstory, 50,000-square-foot office structure at 117-125 N. 8th St. in Center City. The property last traded in 2005 for $5.4 million when the seller, a Jenkintown investor, bought it from Kaiserman Co. The property…
MPN Realty
September 13, 2019
News

Hotel planned for Cherry Street site in Center City

PHILADELPHIA -- A Japanese hotel chain has paid $2.4 million for a sliver of land on Cherry Street near the new Philadelphia Family Court building in Center City and has plans to develop a new hotel on the parcel. Toyoko Inn Development Co. Ltd. bought…
MPN Realty
November 15, 2018
News

Ken Mallin arranges sale of 2 buildings on Walnut to Allan Domb

PHILADELPHIA -- Allan Domb Real Estate bought two buildings along Walnut Street — Philadelphia’s premier High Street retail corridor — from Pearl Properties. The real estate company paid $8.5 million for 1423-1427 Walnut St., a 17,748-square-foot building, and $8 million for 1421 Walnut St., a…
MPN Realty
October 17, 2018
News

MPN reps both sides of Venice Island sale to developers

A parcel on Manayunk’s Venice Island has sold, setting the stage for its development after years in which various plans were proposed for it but never materialized. A partnership involving Greg Hill’s D3 Development, the Concordia Group and Resmark Cos. bought the property at 1…
MPN Realty
October 17, 2018
News

Domb buys building at 23rd & Pine in Fitler Sq

PHILADELPHIA -- City Councilman Allan Domb’s real estate company has purchased a building that once housed Tria at 23rd and Pine streets in the Fitler Square neighborhood of Philadelphia for $2.2 million. In a separate transaction, Domb also bought the business and liquor license assigned to the restaurant…
MPN Realty
October 11, 2018
News

NY buyer scoops up third Old City property

PHILADELPHIA -- A building in the Old City neighborhood of Philadelphia that houses Charlie’s Jeans and other retail tenants has sold for $13.4 million. The property, which is located at 222 Church St. address, is also known by 231-37 Market St. The property consists of three structures that…
MPN Realty
October 9, 2018
News

MPN Facilitates Sale of 3 Alterra Center City Properties

PHILADELPHIA -- Alterra Property Group has sold four properties to Dalzell Capital Partners, a Westport, Conn., real estate investment firm that has been acquiring multifamily properties in Philadelphia. Dalzell paid $10.1 million for 1310 Spruce St., 1311 Spruce St. and the Queen Village Lofts at…
MPN Realty
August 20, 2018
News

Waverly Court Sells for Top Dollar Four Years After Trading

PHILADELPHIA -- Dalzell Capital Partners, a Westport, Conn., real estate investment firm, has paid $21 million to buy Waverly Court, an apartment complex in Center City. The property at 412-26 S. 13th St. last traded in March 2014 for $6.92 million. While multifamily properties have…
MPN Realty
July 5, 2018
News

DiNardo’s closes, sells Old City building

PHILADELPHIA -- DiNardo’s Famous Seafood, a Philadelphia dining institution, has closed after 42 years in business and the family that ran the restaurant has sold the Old City building where it operated the eatery. The property at 312 Race St. was bought by ASI Corp., a Philadelphia real estate company operated…
MPN Realty
July 2, 2018