Saxum Real Estate Acquires Development Site In Philadelphia For $17.4M

The development site located at 700 N. Delaware Ave. in Philadelphia, PA was recently sold in a closed transaction. The property, which is a Development Site, was purchased by Saxum Real Estate from the Piazza Family. The sale was facilitated by Rittenhouse Realty Advisors, with Ken Wellar, Corey Lonberger, and Mark Duszak serving as the seller's representatives.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $17,362,500
• Address: 700 N. Delaware Ave.
• Market: Philadelphia, PA

The buyer, Saxum Real Estate, acquired the property from the Piazza Family in this transaction. The sale price amounted to $17,362,500. The development site has a building square footage (BSF) of 132,026 and a price per building square footage (PPBSF) of $131.