Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Rittenhouse Realty Advisors Sells 185 Unit Apartment Portfolio in University City, Philadelphia .
Rittenhouse Realty AdvisorsMay 11, 2021 GMT
PHILADELPHIA, May 11, 2021 (GLOBE NEWSWIRE) Rittenhouse Realty Advisors, a commercial real estate sales brokerage firm, is pleased to announce the sale of a three property portfolio in University City near the University of Pennsylvania, Drexel University, and University of the Sciences. Camelot Apartments (59 units located at 3600 - 3606 Spring Garden Street), Sylvania Gardens Apartments (80 units located at 414 - 424 South 48th Street), and University Court Apartments (46 units located at 4618 – 4622 Chester Avenue) sold for a total of $23 million.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
For the First Time Since the 1960s, Rittenhouse Realty Advisors Sells Iconic Franklin House in .
Rittenhouse Realty AdvisorsApril 26, 2021 GMT
PHILADELPHIA, April 26, 2021 (GLOBE NEWSWIRE) Rittenhouse Realty Advisors, a commercial real estate sales brokerage firm, is pleased to announce the sale of the Franklin House, located at 829-37 Spruce Street in the historic Washington Square neighborhood of Philadelphia. This is the first time the property has been sold since the 1960’s.
The property contains forty-nine apartments plus 16,600+/- square feet of office and retail space and had received over $385,000 in capital improvements prior to sale. The apartments feature high ceilings and large bay windows and tenants enjoy being within walking distance to the top restaurants, cafes, bars, and theatres in the city. The property is well-situated between major employers Penn Medicine and