With Three High-Rises, Pantzer Properties Focusing Increased Attention on Philadelphia

The Point at City Line (formerly Executive House), Pantzer Properties newest acquisition in Philadelphia, PA

PHILADELPHIA—Score another point for New York developers who have made the trek down the New Jersey Turnpike to put stakes in the ground in the City of Brotherly Love.

New York-based Pantzer Properties has acquired Executive House on City Line Avenue in Philadelphia, PA, which it is renaming The Point at City Line.  The 20 story class B+ high-rise property consists of 302 units and 344 parking spaces across two acres. The Point at City Line is Pantzer‘s third high-rise acquisition in Philadelphia since 2014. The sale price was not disclosed. The seller was an affiliate of Berkshire Group, and Cushman & Wakefield brokered the transaction.  Hyland Levin represented Pantzer Properties in the purchase.