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Philadelphia Retail Condos Up for Sale

PHILADELPHIA-IStar Financial has placed two retail spaces at 10 Rittenhouse Square in Center City on the market for sale.

By GlobeSt News Hub | Updated on December 03, 2012

PHILADELPHIA-IStar Financial has placed two retail spaces at 10 Rittenhouse Square in Center City on the market for sale. The Serafina restaurant and Barney’s New York have occupied the spaces in front Rittenhouse Square under long-term leases. Jones Lang LaSalle is handling the listing of the commercial condos attached to the $300 million luxury condominium tower. The retail condos have received interests from pension fund advisers as well as from high-net-worth, international and institutional investors.

According to familiar sources, the properties could fetch roughly $17 million. For the full story, go to Philadelphia Business Journal .

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