New York firm seeks more Philadelphia deals and pays $13.5M for prime Walnut Street building

A New York real estate firm, has acquired 1512 Walnut St., one of Philadelphia’s premier High Street properties, for $13.5 million. 

This is the second investment in Philadelphia for Six Acre, which was formed two years ago by Mark Lansman and Jake Borden in New York with plans to eventually relocate the firm to Philadelphia. Six Acre is working with a New York-based family office referred to as JGS Keystone, which is funding Six Acre to find and buy core and core-plus properties in prime locations in Philadelphia and eventually in its suburbs, Lansman said. Once a property is acquired, it is held by the family for the long-term. 

*Article courtesy of Philadelphia Business Journal

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