2C — May 21 - June 17, 2021 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


O wners , D evelopers & M anagers

The two properties sold for $3.137 million Thom, senior associate with SCOPE procures buyer for 2101-15 North American St. in Phila. P uses. 2111-15 N American St. will continue to operate as a warehouse.

Thom. “This opportunity zone transaction is a perfect ex- ample of how tax benefits are continuing to fuel fringe development in Philadelphia neighborhoods.” Both properties are located within a qualified opportunity zone within the Norris Square neighborhood of Philadelphia. 2101-09 N American St. previ- ously had plans in place for a five-story office building with underground parking, located at the corner of North Ameri- can and Diamond Sts. The cleared lot is zoned ICMX, al- lowing for a variety of potential

H I L A D E L P H I A , PA — Scope Com- mercial Real Estate Services, LLC (SCOPE) , a middle-market multifam- ily investment sales firm has announced the sale of 2101-15 North American St., a development project and warehouse located in Phila- delphia. The two properties sold for $3.137 million. Craig Thom , senior associ- ate with SCOPE, procured the buyer, a local developer. “The revitalization of North American Street is happen- ing at an exciting rate,” adds

“The first quarter of 2021 has given us a great outlook as to what is to come after a turbulent 2020,” said Philip Sharrow , managing director of SCOPE. “SCOPE has four other properties under contract as well as additional oppor- tunities coming to market for investors to participate in this growth submarket.” MAREJ Woodmont Props. launches Woodmont Way WEST WINDSOR, NJ — Woodmont Properties an- nounced the launch of leasing at Woodmont Way in West Windsor, NJ. Located at 100 Woodmont Circle the luxury community features 443 one-, two-, and three-bedroom resi- dences. The community’s leasing of- fice is now open to the public and offering viewings of apart- ment mock-ups and private virtual tours by appointment seven days a week. The com- munity’s VIP waitlist has ex- ceeded a thousand names and a recent VIP event resulted in over 100 tours of the up- scale residences and amenities available at Woodmont Way. The leasing office is located at the Princeton Commerce Cen- ter, Suite G-30 in Princeton. “We’re thrilled by the in- credible community response to Woodmont Way and have already seen leasing momen- tum thanks to a very suc- cessful VIP campaign,” said Louis DeVos , vice president of Property Management at Woodmont Properties. “In addition to offering the best in modern-day amenities, Woodmont Way is just min- utes away from shopping and dining as well as its universi- ties and highly-rated school district.” “Woodmont Way represents the best in luxury living and the homes here have been thought- fully designed to perfectly suit today’s lifestyle,” said Lewis Zlotnick , president of Wood- mont Properties. “We’re thank- ful for the opportunity to pro- vide a unique, one-of-a-kind resort-style community in the Princeton-area— one of New Jersey’s most desirable com- munities and sought-after places to live.” MAREJ

2101-15 North American St.

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