Pearl Properties Brings Yet More Rentals to Center City

The real estate investment company Pearl Properties has expanded its already considerable Walnut Street portfolio with another acquisition: more than 75,000 square feet at 1401 Walnut Street, which cost $15 million. According to Natalie Kostelni of the Philadelphia Business Journal, the purchase means Pearl owns floors 3 to 12, which currently have 36 apartments as well as two vacant floors that could go residential.Pearl hasn’t wasted any time in marketing the space. Below, some of the photos of the residence the company is calling, quite simply, 1401 Walnut. Also, photos of how attractive residents will become after move-in.
Kostelni notes that Pearl’s other Walnut Street holdings include: 1117 Walnut, 1200 Walnut, 1126 Walnut, 1425 Walnut and 1611 Walnut. CBRE made the sale.