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$8M Redevelopment Planned in South Kensington as Buyer Seeks 'Critical Mass' in Neighborhood

December 15, 2020

Asana Partners has paid $9.45 million for a 78,000 square-foot building at 1400 N. Howard St. in Philadelphia and plans to invest another $8 million to redevelop it.

While the Charlotte real estate firm owns several High Street retail properties near Rittenhouse Square including 1704 Walnut St., it also has a growing presence in the area around the South Kensington neighborhood where it bought the vacant North Howard Street property.

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Source: Philadelphia Business Journal, Commercial Real Estate

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