The price tag is undisclosed, but exceeds $5 million, accordingto R. Christopher Datz of Pintzuk Brown Realty Group, which is alsobased in Jenkintown. Datz and Anthony Sembello of Pintzuk Brownalong with Matt Fredrick of the Arden Group here represented Homel.Tony Falcone of locally based MS Fox represented Kaiserman. Datzand Sembello also arranged financing for the acquisition throughBear Stearns Commercial Mortgage. Pintzuk Brown will manage andlease the property.

The eight-story, 50,000-sf office building, which has 30 parkingspaces, is located at 117-125 N Eighth St. at the corner of ArchStreet. It is 100% leased to six tenants. Sembello says theproperty joins other class B office assets owned by Homel's group,and this building's location, near the Pennsylvania ConventionCenter and major transportation hubs, contributed to itsappeal.

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