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RRA Sells Two Center City Apartment Properties For $2,720,000

by RRA on January 18, 2018
RRA Sells Two Center City Apartment Properties For $2,720,000

PHILADELPHIA, PA–(1/18/18) –  Rittenhouse Realty Advisors is pleased to announce the sale of 522 and 524 Spruce Street in the Washington Square neighborhood of Philadelphia.  The two adjacent properties consist of 12 units within walking distance to Pennsylvania Hospital and Thomas Jefferson University Hospital, two major employers in the city.

Washington Square is one of the most amenity-rich neighborhoods in the city, and is home to some of Philadelphia’s top restaurants and shops, as well as the historic Washington Square Park, one of the city’s five original park squares.

“The site is located in one of the best areas of the city,” stated Ken Wellar, Managing Partner of Rittenhouse Realty Advisors. “The new owner plans to redevelop the property to offer a product that meets the expectations of prospective tenants in the neighborhood.”