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MARKET-MOVING TRADE ANNOUNCEMENT:
PHILADELPHIA, Jan. 12, 2026 /PRNewswire/ -- Agent PHL has formally announced the sale and settlement of 6610 Germantown Avenue, aka "Pelham Place Apartments" in the coveted Mount Airy submarket of Northwest Philly (NWPHL). The investment sale was brokered exclusively by Ryan McManus and Brandon Ribeiro, Partners of Agent PHL with KW Liberty Place, on behalf of a local developer. The locally-based buyer acquired the real estate via 1031 exchange, expanding its multifamily holdings in the Mount Airy community. The seller's loan with Citizens Bank was retired as Penn Community Bank provided additional financing for the borrower to supplement the 1031 exchange funds.
@AgentPHL_CRE
prnewswire.com/news-releases/…
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