12B — February 18 - March 17, 2022 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania
H I L A D E L P H I A , PA — Rittenhouse Realty Advisors , a P Arborwood Townhomes is located located on the 6300 block of Carnation St. Rittenhouse Realty Advisors sells 66 apartments in Philadelphia, PA totaling $8,080,000
with two 1-bedroom apart- ments with garage parking for each unit. Tenants enjoy great access to vibrant retail districts and outdoor activi- ties as well as close proximity to a SEPTA Regional Rail to Center City, Philadelphia. The property was marketed as a value-add opportunity in a growing market. KenWellar , managing part- ner at RRA, stated: “We are seeing more out-of-state buy- ers paying aggressive cap rates based on pro-forma assump- tions. Arborwood has great rent growth potential given the
seller owned the properties for over 30 years.” Rittenhouse Realty Advisors has had a major impact in the Mid-Atlantic Multi-Family real estate market, competing with national firms to win listings and successfully closing deals ranging from urban mixed-use properties, to development sites, to large-scale apartment communities. RRA is also a ma- jor competitor in the student- housing market, specializing in the sale of privately-owned campus -adjacent student apartment communities near major universities. MAREJ ROCK reports $13.6M in sales and 545,821 s/f in lease transactions in Q4 2021 YORK, PA — ROCK Com- mercial Real Estate com- pleted 117 transactions in Q4 which included $13.6 million in sales transactions and 545,821 s/f in lease transactions. A sampling of ROCK’s Q4 sale transactions include: R&R Fish, LLC purchased an industrial facility at 200 North Eighth St. in Reading from CCC Real Estate Hold- ing Company, LLC for $2.8 million. Jason Turnbull, CCIM , of ROCK Commercial Real Estate, represented the seller in the transaction. McGrewEquipment Compa- ny purchased an office build- ing at 148 Penn St. in Hanover from PCA Corrugated and Display LLC for $1.1 mil- lion. Kevin Hodge, CCIM , of ROCK Commercial Real Estate, represented the seller in the transaction. White Rose Capital, LLC purchased a mul t i fami ly property at 27-47 East Main St. in Windsor, PA (Windsor Borough) from JJY Property Development, LLC for $1 mil- lion. Naomi Brown, CCI M, of ROCK Commercial Real Es- tate, brokered the transaction. A sampling of ROCK’s Q4 lease transactions include: Airline Hydraulics Corpo- ration leased the 40,160 s/f industrial building at 3425 Woodbridge Court in Man- chester Twp. from Gradison West Point, LLC. Greg Fin- kelstein, CPA, CCIM , of ROCK Commercial Real Es- tate, represented the landlord in the transaction. MAREJ
commercial real estate sales broker- age based in Philadelphia announc ed the sale of the Ar bo rwo od Townhomes, consisting of
Ken Wellar
66 apartments in the German- town section of Philadelphia. The property, located on the 6300 block of Carnation Street, consists of 33 duplexes, each
Arborwood Townhomes
LISTINGS FOR SALE
STUDENT HOUSING THOMAS JEFFERSON UNIVERSITY PHILADELPHIA, PA
CENTER CITY, PHILADELPHIA 35 UNITS + PARKING
DOYLESTOWN, PENNSYLVANIA 33 UNITS
375 UNITS 532 BEDS
COMING SOON! JACKSON COUNTY, FLORIDA
NEW CONSTRUCTION MANAYUNK, PHILADELPHIA 32 UNITS+ PARKING
DEVELOPMENT SITE MANAYUNK, PHILADELPHIA 178 UNITS + PARKING
76 UNITS
AFFORDABLE SENIOR HOUSING
VALUE-ADD OLD CITY, PHILADELPHIA
STUDENT HOUSING UNIVERSITY CITY, PHILADELPHIA 45 BEDS
DEVELOPMENT SITE FISHTOWN, PHILADELPHIA 278 UNITS + PARKING
51 UNITS
VISIT WWW.RITTENHOUSEREALTY.COM TO VIEW AVAILABLE LISTINGS
215.454.2852 INFO@RITTENHOUSEREALTY.COM
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