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MM Partners affiliate buys Brewerytown parcel

An affiliate of MM Partners of Philadelphia has paid $1.4 million for the vacant Pyramid Electric Supply Co. warehouse in Brewerytown, which has permits to be converted into apartment or condo units.

An affiliate of MM Partners of Philadelphia has paid $1.4 million for the vacant Pyramid Electric Supply Co. warehouse in Brewerytown, which has permits to be converted into apartment or condo units.

Brewerytown Pyramid Building Partners LP bought the six-story building near Oxford Street and West Glenwood Avenue from an affiliate of Iron Stone Strategic Capital Partners, according to Ken Wellar, a managing partner at Rittenhouse Realty Advisors, which marketed the property.

The building has permits to be converted into a 46-unit residential project, according to Rittenhouse.

jadelman@phillynews.com

215-854-2615 @jacobadelman