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Chicago firm buys AQ Rittenhouse apartments

LaSalle Investment Management has purchased the newly constructed AQ Rittenhouse apartment building in Center City for $51.1 million, according to Newmark Grubb Knight Frank, which brokered the sale.

AQ Rittenhouse, 2021 Chestnut  Street, Philadelphia, PA
AQ Rittenhouse, 2021 Chestnut Street, Philadelphia, PARead more

LaSalle Investment Management has purchased the newly constructed AQ Rittenhouse apartment building in Center City for $51.1 million, according to Newmark Grubb Knight Frank, which brokered the sale.

The Chicago-based investment manager bought the 110-unit high-rise at 2021 Chestnut St. from a joint venture between Aquinas Realty Partners and MB1 Capital Partners, NGKF said in a statement on Wednesday.

jadelman@phillynews.com

215-854-2615 @jacobadelman