Tuesday, September 18, 2012

Chestnut Hill Tower bought for $17M

The seller and buyer were not disclosed. There is a growing demand from local owners, as well as investors from outside the region, for apartment buildings throughout Philadelphia.
The 18-story luxury high-rise sits on just over five acres and includes 12 ground-floor retail units. The property includes a mix of studio, one-, two- and three-bedroom units with monthly rents ranging from $750 to $1,500.

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