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PHILADELPHIA — Marcus & Millichap has brokered the sale of a Philadelphia residential condominium tower for $10.7 million. American Lofts totals 10 stories and is located at 212-20 Brown St. in the city's Northern Liberties submarket. It contains 18 one-bedroom units, 16 two-bedroom units, two three-bedroom units, two three-bedroom penthouses and two three-bedroom townhouses. It was constructed in 2009. The new owner plans to convert the condos to rental apartments. Frederick Paisley and Kenneth Wellar of Marcus & Millichap's Philadelphia office represented the undisclosed seller. Abington Bank provided acquisition financing for the undisclosed buyer.