Philadelphia, PA, Jan. 2021 – The Flynn Company is pleased to announce the sale of a 35,184 SF parcel of land located at 1300-1334 Callowhill Street in Philadelphia. The Flynn Company Center City team of Michael Gallagher, Brendan Flynn and Joseph Naselli represented Parkway Corporation in the transaction. The sale closed at the end of 2020 to an undisclosed buyer; the purchase price was also undisclosed.
The site has tremendous location along the North Broad Street corridor and benefitted from its designation within the Federal Qualified Opportunity Zone and CMX-4 zoning. “Even through the Pandemic and impact of COVID-19, we were fortunate to generate a significant amount of local, regional and national offers. The buyer’s team recognized the demand for multifamily along this corridor as well as the value of the Opportunity Zone benefits”, said Gallagher, a Partner with The Flynn Company.
For more information on this deal please contact:
About The Flynn Company
Serving the Greater Philadelphia region since 1980, The Flynn Company engages in all phases of commercial real estate. As one of the largest full-service real estate companies in the region, the firm offers clients a wide range of in-house capabilities including sales, leasing, accounting and property management, space design, construction and advisory services. The Flynn Company is consistently ranked as one of the largest family-owned and veteran-owned companies in the Philadelphia region.
About Parkway Corporation
Parkway Corporation is a Philadelphia-based family-owned and operated company that has embraced the American Dream since 1930. For more than three generations of leadership, Parkway has acquired, managed, sold and leased real estate and parking facilities across the United States and Canada.