KING OF PRUSSIA, PA—Candlebrook Properties' CEONeil Rubler says the property ownership will spend$50 million to renovate the former Marquis apartment complexhere.
Candlebrook and partner Lubert-Adler ofPhiladelphia acquired the five-building complex last October forapproximately $70 million.
“I felt like it was the opportunity of a lifetime,” says Rubler.“It couldn't be in a better location and I saw unbelievablepotential for a redevelopment project. We have the possibility tocreate something truly spectacular.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
