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Icon 1616 Sold for $112M

Castle Rock Purchases 206-Unit Rental Tower
By Shanna Naseery
July 6, 2015 | 7:45 P.M.

Federal Capital Partners, Cross Properties, and Alterra Property Group LLC have sold the 206-unit Icon 1616 multifamily building at 1616 Walnut St. in Philadelphia, PA to Castle Rock Equity Group LLC for $112 million, or approximately $544,000 per unit.

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News | Icon 1616 Sold for $112M