Wednesday, April 17, 2013

Two Retail Condos at 10 Rittenhouse Sq Sell for $17M

iStar Financial, Inc. sold two retail condos totaling 16,000 square feet at 10 Rittenhouse Square to Allan Domb Real Estate for $17 million, or approximately $1,000 per square foot. 

Located at 130 S 18th St. in Philadelphia, 10 Rittenhouse Sq is a 485,000-square-foot multifamily building that contains five commercial condo units. The units that were purchased were a 9,707 square feet that is occupied by Barney’s Co-op, and a 6,293-square-foot space occupied by Serafina’s restaurant.

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