Friday, October 23, 2015

JRK Pays $54.2M for West Chester Multifamily

JRK Property Holdings acquired the 252-unit Jefferson at Westtown Apartments located at 1000 Skiles Blvd. in West Chester, PA from Invesco for $54.2 million, or about $215,000 per unit.

The 391,099-square-foot multifamily community delivered in 1998 on 50.6 acres located off Wilmington Pike, to the east on Skiles Ave., and offers a mix of one-, two-, and three-bedroom layouts across 10 buildings. The multifamily complex features a multitude of interior and exterior amenities including a pool and business center.

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