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L.A. real estate firm buys 1510 Chestnut St. apartment/retail building
A Los Angeles-based real estate investment and brokerage firm has acquired the 11-story apartment building at 1510 Chestnut St. from Philadelphia's Pearl Properties.
A Los Angeles-based real estate investment and brokerage firm has acquired the 11-story apartment building at 1510 Chestnut St. from Philadelphia's Pearl Properties.
Blatteis and Schnur closed in October on the 34-unit building, which has a ground-floor Foot Locker store, managing director Sam Brownell said Monday. The company also owns 1519 and 1521 Walnut St.
Brownell declined to disclose his company's purchase price for the Chestnut Street building. A record of the transaction filed with the city assigns it a fair market value of $8.34 million.
215-854-2615 @jacobadelman