1501 Locust St., Philadelphia, PA 1501 Locust St., Philadelphia, PA

PHILADELPHIA—Real estate investment management firm Counter Capital Management LLC, a strategic joint venture between Dalzell Capital Partners LLC and Morning Calm Management, has acquired 1501 Locust St., here, a mixed-use property in the Rittenhouse Square neighborhood in Center City, for $19.1 million.

Originally constructed in 1947 as a 10-story office building, 1501 Locust St. was expanded and repurposed into a luxury boutique building in 2010 featuring 29 large apartment units averaging 1,009 square feet and three commercial units totaling approximately 5,000 square feet.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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