MULTIFAMILY PROPERTY IN CHESTER PURCHASED FOR $8.5M

CHESTER, PA. — Livingston, N.J.-based Gebroe-Hammer Associates has arranged the $8.5 million sale of 386 units of multifamily property in Chester. The property includes:

• St. James Gardens, a nine-building, 228-unit garden apartment complex at 314 East 224th St.
• Renshaw Terrace Apartments, a three-building, 78-unit garden apartment complex at 1300 Renshaw Rd.
• Willow Gardens, a seven-building, 80-unit garden apartment complex at 1101 Dorian Dr.

Joseph Brecher and Eli Kessler of Gebroe-Hammer represented the buyer in the transaction.