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NGKF Brokers Sale of Multifamily Development Site in Philadelphia

SOKO-Lofts-Philadelphia-PA

Construction for the 320-unit SOKO Lofts residential development is slated to begin later this year. (Rendering credit: Barton Partners Architects Planners Inc.)

PHILADELPHIA — Newmark Grubb Knight Frank (NGKF) Capital Markets has arranged the sale of the SOKO Lofts development site, located at 1300-1354 N. Second St. in Philadelphia’s South Kensington neighborhood. Canus Corp. sold the property to The Klein Company for an undisclosed sum. Scheduled to begin construction later this year, the fully approved development will feature 320 apartments. Brett Segal, Mike Margolis, Dave Dolan and Jeff Mack of NGKF represented the seller in the transaction.

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