Wednesday, April 8, 2015

Silk Factory Lofts Sell in Lansdale

Lowe Enterprises Investment Management LLC and First Capital Advisors LLC have purchased the Silk Factory Lofts luxury apartment community at 200 S. Line St. in Lansdale, PA from Morgan Properties for an undisclosed price.

The three-story, 118,987-square-foot building was originally constructed as an industrial building in 1922, serving as the Interstate Hosiery Mill. The property was completely renovated and converted to a 116-unit multifamily community in 2008. It is currently comprised of 64 one-bedroom, 47 two-bedroom, four three-bedroom, and a four-bedroom units.

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