Green Touch Builders | Chestnut Hill apartment complex sells for $25M
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February 9, 2015 By SEO Admin

Chestnut Hill apartment complex sells for $25M

A New York real estate investment firm has acquired Chestnut Hill Tower, a 228-unit apartment building at 7600 Stenton Ave. in Philadelphia, for $24.5 million, according to property records.

Eagle Rock Advisors, through its UOB Eagle Rock Multifamily Property Fund, bought the complex from two entities affiliated with Premier Properties of Lakewood, N.J., which bought the Chestnut Hill Tower in 2012 for $16.75 million. The 18-story high-rise sits on just over five acres and includes 12 ground-floor…