KISLAK COMPLETES $7.7 MILLION APARTMENT SALE

by admin

LANCASTER, PA. — Woodbridge, N.J.-based The Kislak Company has completed the sale of Quail Run Apartments, a 136-unit multifamily community located in Lancaster, for $7.7 million. Robert Holland of Kislak represented the seller, The Apartment Gallery, as well as the buyer, The Solomon Organization. This marks the third time that Holland has sold the property. It was 98 percent occupied at the time of closing. The new owner plans to install separate utility meters for each unit. Union Center Bank provided acquisition financing for the property.

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