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| Mark Thomson |
PHILADELPHIA, PA –
Holliday Fenoglio Fowler, L.P. (HFF) announced it has been named to market for
sale Brandywine Hundred Apartments,
a 301-unit multi-housing property in the historic Brandywine Hundred
neighborhood of northern Wilmington, Delaware.
HFF is marketing the
property on behalf of the seller, a joint venture between CenterSquare
Investment Management and Korman Residential.
Brandywine Hundred
Apartments is situated on 10.66 acres at 400 and 402 Foulk Road, less than one
mile from major employers, including JPMorgan Chase & Co., AstraZeneca and
Nemours/Alfred I. duPont Hospital for Children.
Additionally, the property
is less than half of a mile from shopping and dining along Route 202, and a
short distance from numerous state parks, golf courses and recreational
activities.
Brandywine Hundred
features units averaging 946 square feet with community amenities such as a
swimming pool with sundeck, tennis courts, state-of-the-art fitness center with
flat screen TVs, resident lounge with Wi-Fi, business center and covered
parking.
 |
| Carl Fiebig |
Ownership recently
initiated a unit renovation program with renovations to 49 of the 301 units
completed to date. The upgrades have
generated an average monthly premium of $155 per unit.
The HFF investment sales
team representing the seller is led by senior managing directors Mark Thomson and Jose Cruz and associate director Carl Fiebig.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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