Affiliate of Post Brothers, MF Developer, Acquires Prime Center City Philadelphia Retail Properties

PH Retail’s rendering of renovated property at 1520 Walnut St., Philadelphia, PA

PHILADELPHIA—In what it calls “a strategic response to the rising demand for high street retail,” PH Retail—an affiliate of real estate company Post Brothers—has acquired a controlling interest in 1501-05 Walnut Street and 1520-22 Chestnut Street, with a total project cost in excess of $50 million.

Located on two of Philadelphia’s most desirable retail thoroughfares, the properties add 70,000 square feet of prime commercial space to PH Retail’s portfolio, which currently consists of assets valued in excess of $100 million.