Friday, July 19, 2013

Chestnut Place Acquired by Alterra Property Group

SSH Real Estate sold the 143,344-square-foot office building at 42 S. 15th St. in Philadelphia, PA to Alterra Property Group LLC for $17.5 million, or approximately $122 per square foot. 

Chestnut Place is a 17-story office building in the heart of Philadelphia, just steps from City Hall, with excellent access to public transportation, the Avenue of the Arts and many of Philadelphia's four-star restaurants, retail shops and cultural attractions. Alterra Property Group plans to convert the facility into an apartment building.

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