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Klein Co. purchases site of planned 320-unit Soko Lofts development

The Klein Co. has purchased the 320-unit Soko Lofts residential-development project at 1300-54 N. Second St., near Northern Liberties, from Canus Corp., real estate services firm Newmark Grubb Knight Frank said in a release on Monday.

The Klein Co. has purchased the 320-unit Soko Lofts residential-development project at 1300-54 N. Second St., near Northern Liberties, from Canus Corp., real estate services firm Newmark Grubb Knight Frank said in a release on Monday.

According to records filed with the city, a company with an address matching Klein Co.'s paid $7.3 million for the property in November.

The apartment project is fully approved, with construction on a 2.8-acre parcel expected to begin later this year, according to NGKF, which represented Canus in the deal.

jadelman@phillynews.com

215-854-2615 @jacobadelman