P ENNSYLVANIA S POTLIGHT E ASTERN PA
Mid Atlantic Real Estate Journal — Pennsylvania — October 12 - 25, 2012 — 5C
www.marejournal.com
HILADELPHIA, PA — Marcus & Mil- lichap Real Estate Newton & Paisley rep both buyer & seller Marcus & Millichap complete $1.625m sale of apt. complex P
Swope Lees reps buyer in $330,875 sale Lieberman Earley & Co. brokers $1.62m sale
LIONVILLE, PA – Lieber- man Earley & Company , acting as the agent for the seller, has negotiated the sale of an 8,000 s/f office condo- minium located at 125 Dowlin Forge Road, Unit #7, within the Lionville Professional Center. Phil Earley, a principal of Lieberman Earley & Co., was the listing agent who arranged the agreement of sale for the sellers, EBWA Partners, L.P. , a Pennsylvania Limited Partnership. The buyer, Za- tlin Properties, LLC , were represented by Mitch Red- ding of CB Richard Ellis, Inc. Sale price of the property was $1,620,000. WEST CHESTER, PA – Li- eberman Earley & Company, acting as the exclusive agent for the seller, has negotiated
Investment Services has announced the sale of Park Place Apartments, a 30 unit apartment property located at 5730-42 Frankford Ave. in the Northeast section of Philadel- phia, according to Spencer Yablon , vice president and regional manager of the firm’s Philadelphia office. The asset commanded a sales price of $1,625,000. Dana Newton and Fred Paisley , investment special- ists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured and represented by Newton and Paisley.
25 Dowlin Forge Road, Unit #7
the sale of an flex condomin- ium totaling 2,800 s/f and situated at the highly visible location known as 640 Sny- der Avenue, Unit L, in West Chester. David Partridge , a sales associate with Lieberman Earley & Co., arranged the agreement of sale for Piper & Associates, LLC , the seller, while Swope Lees Commer- cial Real Estate represented the buyer, Gueriera Prop- erty Group, LLC. Sale price of the condominium was $330,875. ■
Park Place Apartments
“The seller developed the property in the early 1970’s and has since taken great care of the asset,” noted Newton. “There was immediate interest in the offering from investors due to the quality of the building and the upside potential as rents are well belowmarket. The property was marketed for just two weeks before a buyer was selected,” he
added. “Historically low interest rates, overwhelming demand for hard assets and predictable cash flow, and the uncertainty surrounding a potential increase in capital gains taxes next year are driving investors to pursue apartment properties,” noted Paisley. “In some cases, we are seeing prices comparable to 2006 levels,” he added. ■
C ONSTRUCTION M ANAGEMENT / D ESIGN -B UILD
VICTORY F IREHOUSE
LEVI TT PAVI L ION
484-223-0726 | www.boyleconstruction.com LEHIGH VALLEY, PENNSYLVANIA
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