Stratpark Buys Pennsy Apartment Properties

WEST ORANGE, NJ-The owner and operator of multifamily real estate properties acquires its first two complexes in the Pennsylvania market and sets its sights on increasing its profile in the eastern part of the Keystone State.

By Eric Peterson | January 16, 2001 at 01:01 AM

The two newly acquired facilities are Parkwood Manor in Lansdowne, PA and Stratford Court in Upper Darby, PA. The two properties total 130 units, and the sale price was $4.1 million.

The seller, M.C. Investors, based in Upper Darby, was represented by Cushman & Wakefield of Pennsylvania, Philadelphia. The brokers who did the deal were Michael D. Blunt and Michael D. Hines.

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