PHILLY MIXED-USE PROPERTY SELLS FOR $14.8M

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PHILADELPHIA — Le Crillon Philadelphia, a 16-unit apartment building with seven retail spaces, has sold for $14.8 million. The 41,757-square-foot property is located at 105 S. 18th St., one block from Rittenhouse Square, one of Philadelphia's five original parks. The rental units are approximately $3,900 per month. Ken Wellar, Corey Lonberger and Christopher Munley of Marcus & Millichap represented the seller, a local, third-generation owner. Munley, Wellar, Londberger and Dean Zang of Marcus & Millichap also procured the buyer, a Manhattan-based retail property investor.

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