M id A tlantic Real Estate Journal — Owners, Developers & Managers — March 2026 — 35A
www.marej.com
O wners , D evelopers & M anagers
301–03 W. School House Lane sells for $1,044,400 Trophy CRE announces acquisition and financing of Germantown multifamily property
HILADELPHIA, PA — Trophy Commer- cial Real Estate an- nounced the successful acqui - sition and financing of 301–03 W. School House Lane, a 12-unit multifamily property located in the Germantown neighborhood of Philadelphia. Originally held by the same ownership for more than 50 years, the property features oversized apartment layouts and on-site parking. The ac - quisition presents a value-add opportunity with potential for operational improvements and rent optimization. Located in Northwest Philadelphia, the P Rinnier Development Co. brokers fully leased ind. property
asset benefits from strong transit accessibility and prox - imity to neighborhood ameni - ties, positioning it for long- term value creation. The property, located at 301 W. School House Lane, is a 14,000 s/f multifamily build - ing comprising 12 residential units. The asset traded for $1,044,400, equating to $87,033 per unit and $74.60 psf. Trophy Commercial Real Estate facilitated the acquisi - tion and financing as part of its continued focus on multifam - ily investment opportunities throughout the Philadelphia region. MAREJ
301–03 W. School House Lane
IMC CONSTRUCTION Proud sponsor of the 12th Annual MAREJ New Jersey Apartment & Multifamily Conference
2020 Northwood Drive
SALISBURY, MD — Mat- thew Trader of Rinnier Development Company has brokered the $1.7 million sale of a fully leased industrial property at 2020 Northwood Dr. in Salisbury. The 20,000 s/f facility is oc - cupied under a long-term lease by Torroid Corp. Trader also credited the seller’s property manager, Brynne Moore, for her role in the transaction. “Her re - sponsiveness and commitment were instrumental in keeping the process moving efficiently from start to finish,” he said. “It was a pleasure working with both the buyer and seller on this transaction,” Trader said. “I’m grateful for the op - portunity the seller entrusted me with to market and sell the property, and for the con - fidence they placed in me to close this deal.” With nearly 20 years of experience in commer - cial real estate, Trader special - izes in retail investment sales, as well as industrial, office, and net-leased properties. He represents both landlords and tenants and works closely with a broad base of national and local tenants and investors. Trader is also a member of the International Council of Shop - ping Centers. MAREJ
SECTORS
Commericial
Education Healthcare Hospitality Industrial
Manufacturing Multi-Family Retail
Science & Technology
Senior Living
Preconstruction Construction Design-Build VDC/BIM Green Building National Construction Lean SERVICES
Malvern, PA | Philadelphia, PA | Woodbridge, NJ Newark, DE | Bethesda, MD
imcconstruction.com
Made with FlippingBook - professional solution for displaying marketing and sales documents online