PHILADELPHIA - The Brickstone Companies has paid $5
million for the Hale Building at 1326 Chestnut St., according to Washington
Square Realty Capital, which arranged financing for the acquisition. Brickstone
closed on the ornate seven-story building on Sept. 30 using a bridge loan from
Firstrust Bank, said Anthony Franchi, Senior Director at Washington Square
Realty Capital. The developer has said it plans to renovate the 128-year-old
building, designed by the same architect as the Divine Lorraine on North Broad
Street, and revamp its upper floors into "creative" office space.
Anthony Franchi
Senior Director
267.546.9023
af@wsqcap.com
Source: Washington Square Realty Capital, LLC
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