Real Estate
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Pillar Real Estate Advisors Brokers Sale of Unique Property in West Chester Borough to School District
Despite the coronavirus-driven shutdown of a large portion of our economy, commercial real estate is nonetheless still changing hands. A fully renovated, stand-alone office building at 402 North Penn Street in West Chester is one such example. Pillar Real Estate Advisors brokered the sale between the West Chester Area School District and the sellers, Intersect…
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Despite Some Losses, Office Market in Chester County Records Good First Quarter
The office market in Chester County recorded a good first quarter with gains in new leases both from companies expanding their space and new tenants, writes Natalie Kostelni for the Philadelphia Business Journal. Among the companies that have increased their square footage is Vanguard, which has taken another 60,000 square feet in Malvern. The investment…
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Malvern Bank House of the Week: Charming Ranch Home in Parkesburg
A charming ranch home set on a 1.68-acre lot with three bedrooms and two bathrooms is available for sale in Parkesburg. The highlights inside include a spacious living room with built-in shelving, skylights, and a wood-burning fireplace and the kitchen that has an abundance of cabinet spaces, granite countertops, and a pantry. There is also…
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New Condos in Ardmore from Renowned Main Line Homebuilder Set Standard for Luxury Living
C.F. Holloway III & Company – a Wayne-based homebuilder that has earned a sterling reputation from the mid-rise condominiums, residential communities, and the single and multi-family houses in its portfolio – has a keen understanding of how people want to live. There’s no better example of that understanding than the company’s current project, 39 MONTGOMERY.…
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Drexelbrook Founder L. William Kay II Succumbs to Complications of COVID-19
The owner of Drexelbrook residential and catering facilities in Drexel Hill, L. William Kay II, has died from complications of COVID-19, writes Kathleen E. Carey for the Daily Times. Kay passed away on Easter Sunday, April 12. “He was on a ventilator for probably 12 days,” Domenick Savino, CEO/General Manager of Drexelbrook Special Event Center…
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Commercial Landlord and Tenant Guidance During These Unprecedented Times
By Pillar Real Estate Advisors In the world of business relationships, the one between a commercial landlord and their tenant is a delicate one. In times like these, both sides have questions: They want to know what their options are and what the best next step is when dealing with the problems and concerns of…
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With Some Adjustments, Pair of Chester County-Based Real Estate Developers Still Making Sales
With some required adjustments, local developers and real estate agents are still keeping their business going amidst the coronavirus crisis, writes Natalie Kostelni for the Philadelphia Business Journal. Tom Bentley, who runs Bentley Homes in West Chester, has found a new way to hold closings. He makes sure that the seller is in one room,…
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West Chester’s Pillar Real Estate Advisors Honored for Most Significant Commercial Land Sale in 2019
Pillar Real Estate Advisors, a full-service commercial real estate brokerage based in West Chester, recently received the award for the Most Significant Commercial Land Sale in 2019 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…
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Malvern Bank House of the Week: Farmhouse on Picturesque Lot in Cochranville
A custom farmhouse set on a picturesque, 21.4-acre lot with four bedrooms and two and a half bathrooms is available for sale in Cochranville. The home, built in 1987 to replicate the charm of the 18th century, offers gorgeous views of the Octoraro River Valley and surrounding farmland. Inside, it radiates a pleasant and warm…
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Two Highly Coveted Retail Spaces Available for Lease on Bridge Street in Phoenixville
With a plethora of dining, drinking, and entertainment options, Bridge Street in Phoenixville has seemingly morphed into the South Street of Chester County. The liveliness of Bridge Street has indeed made the borough a place to be. Now, retailers have an opportunity to call Bridge Street their new home. Two properties are now available for…
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RE/MAX’s Michael Diggin on Chesco’s Housing Market: ‘If You’re a Seller, You’re in Great Shape’
In this video, Michael Diggin of RE/MAX Town & Country in West Chester provides a brief update on the real estate market in Chester County. From January 2019 to January 2020, the number of settlements in Chester County are up 6.8 percent, and the average home price rose 7.4 percent. During that period, West Chester…
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Malvern Bank House of the Week: Custom-Designed Contemporary Home in Chester Springs
A custom-designed contemporary home with five bedrooms and four and a half bathrooms is available for sale in Chester Springs. The property is made up of three parcels that total 20.8 acres. The home is set on more than six beautiful acres on a private and rarely traveled road. In addition to the home, the…
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Despite Disappointing Fourth-Quarter Earnings, PREIT ‘on Mission to Prove Malls Have Bright Future’
The Pennsylvania Real Estate Investment Trust, which owns the Exton Square Mall, saw its shares fall by 27 percent after reporting fourth-quarter earnings that did not meet expectations and warned it may not be able to meet some covenants on its debt, writes Natalie Kostelni for the Philadelphia Business Journal. The company stated that it’s…
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As Keva Flats Earns LEED Gold, Hankin Group Shows ‘Extraordinary Leadership in Reshaping the Market’
Hankin Group, the Exton-based developer of distinctive commercial, residential, and retail properties, has announced that Keva Flats has been awarded LEED Gold. LEED (Leadership in Energy and Environmental Design), developed by the U.S. Green Building Council (USGBC), is the most widely used green building rating system in the world and an international symbol of excellence.…
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Malvern Bank House of the Week: Expansive Home in Picturesque Birmingham Township
A contemporary home set on a 3.7-acre lot with six bedrooms and four bathrooms is available for sale in West Chester. Nestled among the rolling hills of Birmingham Township, the residence offers picturesque views and highly coveted privacy, while still being just minutes away from historic Chadds Ford. Inside, the highlights include the beautifully updated…
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New Owners Plan to Keep ‘Historic Village Feel’ at Dilworthtown Inn Property
The Dilworthtown Inn, a historic landmark that dates back to 1758, and eight other structures – which are part of a three-acre property in Birmingham Township – have been sold for $5.5 million to Painter House Suites, writes Natalie Kostelni for the Philadelphia Business Journal. The Dilworthtown Inn has been closed for the last 10…
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VISTA RE House of the Day: Move-in-Ready Colonial in Royersford
Property Summary: Dimensions: 1,584 sq. ft. Price: $299,000 School District: Spring-Ford Agent: Lori Shoemaker at 610-574-6487 Description: A beautiful, move-in-ready colonial with three bedrooms and one and a half bathrooms is available for sale in Royersford. A covered front porch leads into the spacious living room with ceiling fan and hardwood floors. Behind this is…
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Conestoga Grad’s Startup Customizes, Leases Homes for People with Disabilities
Conestoga High School graduate Andrew Parker has co-founded Nestidd, a startup that customizes and leases homes for people with intellectual and developmental disabilities, writes Harold Brubaker for The Philadelphia Inquirer. Nestidd helps agencies that provide services for people with disabilities to find appropriate homes for their clients. While this task is outside of their expertise,…
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