ALLENTOWN, PA— Liberty Nursing & Rehabilitation Center, Allentown, PA, has been sold by Liberty Allen Square to Owl's Next Properties, a 1031 Exchange triple-net investor with investments in the greater Wilmington, DE area, for $4.65 million. The investors focus on multifamily residential rental properties, smaller apartment complexes and commercial offices.
Patterson-Woods Commercial Properties/CORFAC International, arranged the sale of the four-story, 43,420-square-foot property. Chris Moore, sales and leasing agent with Patterson-Woods, represented the buyer. The buyer was referred to Moore by John Osborn of Patterson-Osborn Exchange Services, a firm with 30 plus years of experience in 1031 Exchange transactions. Feinberg Real Estate Advisors represented the seller.
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