8C — October 10 - 23, 2014 — Pennsylvania — M id A tlantic

Real Estate Journal


E astern PA PernaFrederick arranges sale of 1919 Walnut St. for $1.99m

PernaFrederick arranges sale of apartment properties to Camso Properties for $1.85m

HILADELPHIA, PA — Acting as the sole agent, PernaFreder- ick Commercial Real Es- tate has negotiated the sale of three multi-unit apartment properties at 421 South 8th St., 322 and 330 South 15th St. to Camso Properties for $1,850,000. Matt Frederick , a principal of PernaFrederick, was the sole agent who arranged the Agree- ment of Sale for G2 Proper- ties , the seller, that involves 16 rental units within the three structures. According to Frederick, P

Camso Properties plans to rede- velop and upgrade the existing units for rental to young profes- sionals and graduate students. In other news... Acting as the sole agent, PernaFrederick has negotiated the sale of the 4-story 8,500 s/f office building at 1919 Walnut St. to 1919 Walnut Street As- sociates, LLC. According to Matt Frederick, the agent who arranged the Agreement of Sale for Imaging Properties of Philadelphia, the sale price of the property was $1.99 million. n Wherty of Equity Retail Brokers leases 5,200 s/f in to Petco Unleashed PHILADELPHIA , PA — Equity Retail Brokers agent Brian Wherty repre- sented the landlord in leasing 5,200 s/f in Philadelphia to Petco Unleashed, located at 520 South Twenty Third St. The Petco Unleashed loca- tion had its grand opening on the weekend of September 27, 2014. The property is located at a signalized corner posi- tioned near the University of Pennsylvania, Graduate Hos- pital and Naval Square – six hundred luxury residences located on Philadelphia’s historic landmark. n 520 South Twenty Third St continued from page 6C What should be done if an adjacent owner is on vacation, is an absentee owner or simply will not sign a consent form? Must we allow an adjacent owner to inordinately delay the issuance of a permit for a building that has been de- clared “ID”? The alternative to purposefully taking a building down is that the “ID” building may fall down on its own, caus- ing injury and property damage that the new regulations were intended to prevent. Dawn M. Tancredi is a partner in the Phila. office of Obermayer Rebmann Maxwell & Hippel, LLP.  Philadelphia’s demolition . . .

421 South 8th St.

330 South 15th St.

322 South 15th St.

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