Pantzer Properties of New York on Wednesday acquired the
13-story, 80-unit Oakwood Philadelphia at 1601 Sansom St. for $29 million,
according to JLL Capital Markets, which arranged the transaction.
The building, owned by Oakwood Worldwide of Los Angeles, has
offered short-term rentals for corporate executives at $129 to $174 a night.
Oakwood Philadelphia, which will be renamed Point at
Rittenhouse Row and offer market-rate rentals, has 77,656 square feet of
rentable apartment space and 11,192 square feet of retail and commercial space.
Source: Philly.com
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