2C — November 13 - 26, 2015 — Pennsylvania — M id A tlantic
Real Estate Journal
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Central PA Target your Area Mid Atlantic Regional Commercial Real Estate Focus Promote your special projects, your company and it’s Services Dec 11 th Issue Deadline Nov. 27th Contact: Alissa Aronson Mid Atlantic Real Estate Journal Publisher/ Account Exec (M) 781-871-5298 ext. 211 (D) 781-878-7420 aaronson@marejournal.com
Thirteen-story, 146-unit multifamily community Post Brothers acquires Garden Court Plaza in Phila. P HILADELPHIA, PA — Post Brothers , a real estate company
The University of the Sciences. “University City has long been a hotbed for the City’s brightest young minds, and the continued expansion of local arts and culture has only made it a more attractive place to live,” said Michael Pestronk, CEO and cofounder of Post Brothers. “Our principal goal is to harness the energy of this exciting neighborhood to create re-imagined, high- quality apartments that are reflective of the neighbor- hood’s vibrant, upwardly- mobile population.” “The ongoing revitalization of University City continues to be one of the most compel- ling stories in America’s big cities,” added Pestronk. “As the steady influx of start-ups and young companies per- sists, we believe there is an incredible demand for hous- ing that’s uniquely upscale, yet attainable. ” n Brandywine Hospital. Emerald Realty Group will be providing ongoing leasing and property management services for Posh Properties No. 24. Emer- ald Realty Group is a full service commercial real estate firm. n
specializing in residential communities announced the acquisition of Garden Court Plaza, a 13-story, 146-unit apartment building at 4701 Pine St. in Philadelphia. The acquisition highlights Post Brothers’ development strat- egy in the University City neighborhood, where it ex- pects to invest $250 million in the coming years. Post Brothers will com- mence a strategic effort to re- position Garden Court Plaza, including the implementation of substantial renovations to the buildings’ exteriors and in- teriors, upgrading of common areas, and the addition of a new onsite management team. Deemed by the Brookings Institution as an ‘Innovation District,’ University City has undergone a significant eco-
Garden Court Plaza
nomic revitalization, attracting a confluence of arts, entertain- ment, and new residents. The neighborhood is bound by sev- eral academic institutions, in- cluding the University of Penn- sylvania, Drexel University, and ing was purchased for $6.85 million. Douglas Kelly , prin- cipal, Emerald Realty Group represented the buyer, Posh Properties No. 24 in the sale. Major tenants include: Mainline Hospitals, Chester County, and
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EXTON, PA — Matthew Macdonald with Markward Group , represented the sell- er, Dunn Twiggar Co., DTC 479 TJW LP in the sale of 479 Thomas Jones Way, Exton. The 49,264 s/f medical office build- Macdonald of Markward Group brokers $6.85m MOB sale
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