200-10 Lombard Street

Abbotts Square

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis to offer the opportunity to acquire condominium ownership in Abbotts Square (the “Property”), a rare value-add mixed-use investment opportunity in Society Hill, one of Philadelphia's most prestigious neighborhoods, available individually or as a portfolio. This unique and historic asset combines 56,670 SF of commercial space, a 79,690 SF parking garage with 203 spaces, and multifamily residential in a single, diversified investment.

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Attributes

Building area gross

136,360 sf

Parking spaces

203

Year built

1980

Media

Investment Highlights

Offering of an irreplaceable urban infill commercial condominium and parking garage, AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO
At 33.4% occupancy, Abbotts Square offers a unique value add retail opportunity in an incredibly high barrier to entry market
Immediate parking income enhancement opportunity with below-market 203-space garage agreement in supply-constrained market
Ideally situated between two of Philadelphia’s most affluent neighborhoods in Queen Village & Society Hill
Surrounded by exceptional consumer spending power, with over 32,000 households within a 1-mile radius and an average household income of $154,000