REBusinessOnline

EMPIRIAN LUXURY TOWERS SELLS FOR $27.3 MILLION

PHILADELPHIA — The Kislak Company has completed the sale of Empirian Luxury Towers, a 569-unit apartment community located in Philadelphia, for $27.3 million. Constructed in 1949 and located at 633 W. Rittenhouse St., the community consists of two 12-story brick buildings. It also contains 13 commercial spaces. Jacob Friedman of Kislak arranged the deal between the undisclosed parties and worked with the special servicer for the property's distressed $50 million commercial mortgage-backed loan.

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