Real Estate
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New Senior Living Facility Further Transforms Oaklands Corporate Center in Exton
Capitol Seniors Housing, a Washington, D.C.-based real estate developer, has finalized the development of a new $22.5 million senior living facility, Arbor Terrace in Exton, writes Natalie Kostelni for the Philadelphia Business Journal. This latest addition furthers the gradual transformation of Oaklands Corporate Center from a 1980s office park into a mixed-use community. The facility…
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With Much Business in the Pipeline, Hankin Group’s New Branding Propels Company into the Future
Hankin Group has undergone a successful rebrand. The family-owned real estate company that designs, develops, and manages residential and commercial properties has unveiled a new logo and website. “Our team is constantly thinking about how to make improvements that evolve with our community after 60 years of success,” the Exton-based company said. “After months of…
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West Chester’s Pillar Real Estate Advisors Awarded for Most Significant Retail Sale, Office Sale, Industrial Sale
For the fourth consecutive year, Pillar Real Estate Advisors, a full-service commercial real estate brokerage based in West Chester, has earned the highest of recognition from the Chester County Commercial Industrial Investment Council (CII Council). The CII Council is a membership organization comprised of more than 200 professionals who are involved in commercial and industrial…
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Malvern Bank House of the Week: Stone Colonial in Pennsbury Township with Long Views of the Brandywine Valley
A stone colonial with seven bedrooms and seven and a half bathrooms is available for sale in Chadds Ford, in Pennsbury Township. The property is set on a tranquil 3.5 acres that feature tall, privacy-ensuring trees and long views of the surrounding Brandywine Valley. Highlights include a large formal living room with fireplace and French…
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Malvern Bank House of the Week: 6,000-Square-Foot Country Manor in Chester Springs
A 6,000-square-foot country manor with six bedrooms and five and a half bathrooms is available for sale in Chester Springs. The house is nestled at the end of a cul-de-sac on 15.2 acres that offer gorgeous views from every angle. Inside, the home boasts a first-floor bedroom with en-suite bathroom, great room with an abundance…
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International Real Estate Firm Trading on Tel Aviv Stock Exchange Buys Berwyn Company’s Shopping Centers
Berwyn-based Brandolini is selling six grocery-anchored shopping centers, including Lionville Shopping Center and Marketplace at Westtown, for an estimated $115 million to the international real estate investment firm Medipower Public, writes Natalie Kostelni for the Philadelphia Business Journal. The Cyprus-based company has put under agreement properties that were offered up for sale by the Berwyn…
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Kennett Square-Based Real Estate Developer Partners with Pizza Chain to Buy Storefront Property in Rehoboth Beach
Onix Group, a real estate development firm based in Kennett Square, has partnered with Grotto Pizza to buy the Dolle’s Candyland property in Rehoboth Beach for $6 million, writes Katie Tabeling for the Delaware Business Times. The acquisition includes the storefronts that stretch from Kohr Brothers Frozen Custard to Zelky’s Beach Arcade. This gives Grotto…
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Malvern Bank House of the Week: Greek Revival Estate in Tredyffrin Township
A Greek Revival estate with six bedrooms and four and a half bathrooms is available for sale in Wayne. Built in 1896, this property is perfect for remote working and learning. Set on a level, 1.3 acre lot with an in-ground pool, it has been designed for both indoor and outdoor entertaining. Highlights include the…
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Easttown Township Nixes Plan for Luxury Apartments in Berwyn Village
In a recent vote, Easttown Township Supervisors have denied approval for a development project that envisioned luxury apartments at Handel’s Ice Cream block in Berwyn Village, writes Caroline O’Halloran for SAVVY Main Line. The project was proposed by home builder Todd Pohlig and developer David Della Porta of Cornerstone Tracy. Some residents who opposed the…
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Local Couple Returns to Main Line from New York, Nearly Triples Their Living Space
Area natives Michael Kaufman and Allie Strawbridge have returned to the Main Line from New York and nearly tripled the living space for their family in the process, writes Sandy Smith for Philadelphia magazine. The pair moved to the Big Apple for work after graduating from college nearly two decades ago. After a while, both…
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Stake in AmerisourceBergen’s Future Headquarters Sold for $340 Million
Keystone Property Group has sold a preferred equity stake in AmerisourceBergen’s future headquarters in Conshohocken to PRP Real Estate Investment Management for nearly $340 million, writes Natalie Kostelni for the Philadelphia Business Journal. PRP now owns 89 percent interest in the 429,122-square-foot headquarters, while Keystone controls the remainder. “It was one of the most complicated…
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Hankin Group’s Weatherstone Town Center in Chester Springs Welcomes Its First Retailer
Weatherstone Town Center – a 300-acre, mixed-use community developed by Hankin Group at the busy intersection of routes 100 and 401 – will welcome American Martial Arts Academy as its first retailer. This spring, American Martial Arts Academy will join a 6,700-square-foot restaurant that is yet to be announced, Wawa, and the Henrietta Hankin Branch…
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Malvern Bank House of the Week: Spring City Home with Breathtaking Views of French Creek
A custom-built home on 4.2 acres with three bedrooms and three and a half bathrooms is available for sale in Spring City. Nestled on 4.2 gorgeous acres on French Creek, the residence boasts a manicured yard with breathtaking views. The great room is the centerpiece of the home. It features a floor-to-ceiling, stone fireplace and…
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After 25 Years, Co-Founders of Real Estate Development Firm in West Chester Ready to Retire
StanAb, a real estate development company based in West Chester and founded by Tony Stancato and Victor Abdala, is winding things down after 25 years, writes Natalie Kostelni for the Philadelphia Business Journal. One of the company’s last projects, the interconnected historic bank building and the well-known Turks Head Garage in West Chester, purchased for…
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Chester County Home to One of the 20 Most Expensive Houses Sold in Pennsylvania in 2020
The Philadelphia area is home to 19 of the 20 most expensive houses sold in Pennsylvania in 2020, and one of them is in Chester County, writes Daniel Urie for the Harrisburg Patriot-News. With a final price tag of $3,650,000, the house at 8 Stillmeadow Lane in Willistown Township landed at No. 15 on the…
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Chester County Home to 18 of the 50 Hottest Philadelphia Neighborhoods and Nearby Towns
Chester County is home to 18 of the 50 Hottest Philadelphia Neighborhoods and Nearby Towns, according to a report from Philadelphia magazine. Newlin Township ranks highest at No. 4 with a 2020 average home price of $1,051,267, which is a one-year change of three percent. Next is West Marlborough Township at No. 5 with an…
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Malvern Bank House of the Week: Victorian with Rich History in West Chester
A Victorian/English Tudor home with five bedrooms and three and a half bathrooms is available for sale in West Chester. This stunning residence boasts a rich history. It was built around 1898 by Joseph Miller Huston, who constructed the Pennsylvania capitol building in Harrisburg. It was also the original home of State Sen. T. Lawrence…
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Couple Turns Phoenixville Chalet into the Picturesque Cabin of Their Dreams
Over the last three decades, Doug and Toop Guyer have turned a dark and dingy chalet in Phoenixville into the picturesque cabin of their dreams, writes Laura Beitman Hoover for The Philadelphia Inquirer. When they bought the log cabin, the three-bedroom, 2,700-square-foot home had been vacant for two years. Despite its grimy look, and the…
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