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New Multifamily High Rise Fetches $51.1M

AQ Rittenhouse Bldg Changes Hands
By Darrell Lea
September 1, 2015 | 1:52 P.M.

LaSalle Investment Management has purchased the recently-completed, 110-unit AQ Rittenhouse multifamily highrise at 2021 Chestnut St. in Philadelphia, PA from joint-venture partners Aquinas Realty Partners LLC and MB1 Capital Partners for $51.1 million, or about $465,000 per unit.

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