Zencorr Properties bought Center Square Towers, an apartment
community in Doylestown, Pa., for $31.5 million.
The 350-unit, two-building complex at 555 N. Broad St. was
sold by AIMCO. SSH Real Estate represented the buyer in this off-market
transaction. The complex was constructed in 1975 and 97 percent occupied at the
time of sale.
This is the largest acquisition for Zencorr, which was
formed by Piero Corrado, Christopher Zentgraf and Sandro Corrado in 2007 and
based in Doylestown. The real estate firm plans to make improvements to the
units and common areas.
Source: Philadelphia
Business Journal
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