PLEASE UPDATE YOUR BROWSER

1 Reason Agency

Insurance Real Estate Bookkeeping

  • About
    • Meet Our Agents
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance Application
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact
    • Contribute As Guest Author
  • About
    • Meet Our Agents
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance Application
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact
    • Contribute As Guest Author
Home > Real Estate News > Rittenhouse Realty Advisors Sells 50 Units in Passyunk Square Section of Philadelphia for $11,750,000

Rittenhouse Realty Advisors Sells 50 Units in Passyunk Square Section of Philadelphia for $11,750,000

Posted on: February 10, 2021 By: Real Estate News

1200 Washington Ave Philadelphia, PA

Just sold by RRA: 1200 Washington Ave Philadelphia, PA

PHILADELPHIA, Feb. 10, 2021 (GLOBE NEWSWIRE) — Rittenhouse Realty Advisors, a commercial real estate sales brokerage firm, is pleased to announce the sale of 1200 Washington Avenue, a modular luxury apartment building in the Passyunk Square / Avenue of the Arts section of Philadelphia. The property contains 48 apartments and 2 commercial spaces.

Built in 2017, the property features luxury finishes in the kitchens and baths, has a premium outdoor resident’s lounge and offers off-street parking for tenants. It was built using modular construction, in which sections of the building are constructed off-site, then delivered and assembled on the build site. Modular construction is considered to be environmentally friendly because the process inherently prevents material waste. 1200 Washington is conveniently located within walking distance to subway and bus routes. The property is walkable to the award-winning restaurants of Passyunk Square and The Italian Market.

Ken Wellar, Managing Partner at RRA, stated: “There is a huge investor demand in stabilized product in the core of Center City right now.  1200 Washington was a great turn-key opportunity for an out-of-state buyer.”

“This is the 5th modular multi-family deal our firm has closed in Philadelphia,” added Corey Lonberger, Managing Partner. “We see a big future for modular development in multi-family.”

For more information on current rates or to view our available listings visit www.RittenhouseRealty.com.

Based in Philadelphia, Pennsylvania, Rittenhouse Realty Advisors is a real estate advisory firm with an extensive focus in the brokerage of multi-family communities throughout the northeast region of the United States. Formed in February 2013 by a group of advisors with more than 30 years of commercial investment sales experience, our focus is on multi-family and mixed-use properties with significant residential components.

www.RittenhouseRealty.com

Press Contact: Corey Lonberger and Ken Wellar
Managing Partners
215-454-2852

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/420f99d8-b00d-4d0c-98d1-ba3d7a4d1037

Comments

comments

Categories: Real Estate News

Categories

  • Bookkeeping
    • Business Taxes
  • Business Marketing
  • Car Insurance
  • Commercial Auto
  • Commercial Insurance
  • Court Cases
  • Cyber Liability Insurance
  • Employment Opportunities
  • Employment Practices
  • Flood Insurance
  • Home Ownership
  • Homeowner's Insurance
  • Insurance Companies
    • Insurance News
  • Insurance Terms
  • Investing
    • Finance & Insurance News
  • Life Insurance
  • Non Emergency Medical Transportation
  • Payroll
  • Pinewood Derby
  • Real Estate News
  • Rental Property Insurance
  • Retirement & Estate Planning
  • RV Insurance
  • Starting A Business
  • Stock Dividends
  • SuiteCRM Insurance CRM
  • Tips & Advice
  • Travel
  • Uncategorized
  • Webhosting
  • Worker's Compensation

Recent Posts

  • Lexington Realty Trust to Report First Quarter 2021 Results and Host Conference Call on May 7, 2021
  • Greystone Provides $28.4 Million in HUD-Insured Financing for Affordable Housing Property in Pembroke Park, Florida
  • Opendoor to Report First Quarter 2021 Financial Results on May 11, 2021
  • Harbor Custom Development, Inc. Contracts to Develop 99 Lots in Soundview Estates for Lennar Increasing Harbor’s Total Contract Value to $16,830,000
  • LGI Homes Opens New Community North of Denver
  • Highwoods Agrees to Acquire Office Assets from Preferred Apartment Communities, Inc.
  • BRP Group, Inc. to Report First Quarter 2021 Results on Monday, May 10, 2021
  • SiriusPoint Releases Inaugural Environmental, Social and Governance (ESG) Report