Dan Mayock - RPO Acquires Carriage Wheel Lofts & Mariner's Court Apartments In Center City Philadelphia For $28M

On December 16, 2021, a mixed-use property located at 1011 North Hancock and 219-229 Vine Street in Center City Philadelphia was sold for a total of $28,000,000. The property, known as Carriage Wheel Lofts & Mariner's Court Apartments, consists of 77 units and also includes retail, office, and a billboard. The total square footage of the property is approximately 80,000 square feet, resulting in a price per square foot of $350.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $28,000,000
• Address: 1011 North Hancock & 219-229 Vine Street
• Market: Center City Philadelphia
• Buyer: Dan Mayock - RPO
• Seller: Frank Forte - Lucern Capital Partners
• Brokers: Carl Fiebig - JLL Philadelphia

The buyer represented their interests through Dan Mayock of RPO, while the seller was represented by Frank Forte of Lucern Capital Partners. The brokers involved in the transaction were Carl Fiebig from JLL Philadelphia.