Post Bros. Close on Center City Retail Properties

Post Brothers has closed on buying two properties along Philadelphia’s premier retail corridors from Pennsylvania Real Estate Investment Trust. 

Post paid an estimated $45 million to acquire 1501-1505 Walnut St., which totals 27,000 square feet, of which 8,000 square feet is retail space and15,000 square feet is office space. 

It also bought 1520 Chestnut St., which has 27,000 square feet of space above grade and another 13,500 square feel below grade.

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