Thursday, February 9, 2017

Brandywine Sells Interest in 398-Unit Parc at Plymouth Meeting

Brandywine Realty Trust has sold its 50-percent ownership interest in the 398-unit Parc at Plymouth Meeting apartments at 134 Plymouth Rd. in Plymouth Meeting, PA for $100.5 million, or about $505,000 per unit, to Toll Brothers Apartment Living.

The 465,000-square-foot multifamily community consists of six buildings offering a mix of 330 one-bedroom and 68 two-bedroom units. The property was constructed in 2015 by Brandywine on 19.5 acres in Montgomery County.

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