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South Street Mixed-Use Building Sold For $8M

PHILADELPHIA -- Textile Lofts, a mixed-use property in the Fitler Square neighborhood of Philadelphia, has sold for $8 million. The two-building complex was sold by Grasso Holdings, a Philadelphia real estate company that converted the structures in 2011. Alterra Property, also of Philadelphia, was the…
MPN Realty
May 11, 2015
News

Center City Parking Garage Sold for $7.2 Million

PHILADELPHIA -- An affiliate of Post Brothers Apartments has acquired a parking garage in Philadelphia where Spruce Food Market makes its home on the street-level retail space. It traded for roughly $7.2 million. The 175-vehicle garage at 1524 Latimer St. was sold by CLL Towne…
MPN Realty
February 16, 2015
News

MPN – $7.5M for 86,846 SF Office Building in Fishtown

PHILADELPHIA -- The property is an 86,843-square-foot building at 2410-2450 E. York St. in Fishtown, $7.5M An 86,843-square-foot building at 2410-2450 E. York St. in Fishtown sold for $7.5 million. Referred to by its address of 2424 York, it is a three-story former industrial building…
MPN Realty
January 2, 2015
News

MPN Closes On $4.135 Million Property

PHILADELPHIA -- IStar Financial Inc. of New York and Dranoff Properties Philadelphia will move forward with converting the unfinished floors at Two Liberty Place into condominiums. Last year, iStar, which has title to the undeveloped portion of the tower, had considered putting in a 150-room…
MPN Realty
September 11, 2014
News

MPN – $1.965 Million For A Eight Townhouse Deal

PHILADELPHIA -- IStar Financial Inc. of New York and Dranoff Properties Philadelphia will move forward with converting the unfinished floors at Two Liberty Place into condominiums. Last year, iStar, which has title to the undeveloped portion of the tower, had considered putting in a 150-room…
MPN Realty
September 8, 2014
News

MPN – Portfolio Of Five Sold

PHILADELPHIA -- A portfolio of five properties along Vine Street and North 3rd Street in Old City that has 14 loft apartments sold for $3.56 million. The seller, a private local partnership, was considered ahead of the curve in seizing on the potential of residential…
MPN Realty
September 3, 2014
News

MPN Listing: Trenton China in Old City

PHILADELPHIA -- Trenton China Pottery, or what is commonly referred to as “TCP,” sold its Philadelphia property at 2nd and Arch streets in Old City. A group of undisclosed local investors bought it for $1.4 million and plans to convert the nine buildings that comprise…
MPN Realty
August 31, 2014
News

Rittenhouse Square properties trade for $17M

PHILADELPHIA -- Allan Domb has added to his Center City retail holdings and bought for $17 million the commercial condominiums at 10 Rittenhouse Square that contain the Barney’s clothing store and Serafina’s, a restaurant. The acquisition enhances Domb’s retail position on Rittenhouse Square and along…
MPN Realty
August 7, 2014
News

MPN Arranges Sale Of 1801 Walnut St.

PHILADELPHIA -- Allan Domb has expanded his Rittenhouse Square holdings and picked up 1801 Walnut St., the building that houses Anthropologie. The acquisition adds to a growing portfolio of properties that the self-described condo king now owns in that part of Center City. In addition to…
MPN Realty
July 6, 2014
News

MPN – Philadelphia Business Journal

PHILADELPHIA -- Island View Crossing, a 179,673-square-foot office building at 1414 Radcliffe St. in Bristol sold for $12.5 million, or $70 a square foot. A partnership involving Red River Asset Management of New York and Arlington Group Real Estate of Conshohocken bought the building. Lenox,…
MPN Realty
June 12, 2014
News

Historic jewel on Walnut could draw $35M

PHILADELPHIA -- One Presidential Blvd., the 120,000-square-foot building in Bala Cynwyd where Aamco Transmissions Inc. has its headquarters, is in limbo. When Aamco announced March 8 that it would be bought out by Cottman Transmission Systems Inc., it meant that Aamco will no longer need…
MPN Realty
May 30, 2014