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Local Developer Sells Suburban Philadelphia Apartment Complex for $77.8 Million

Pantzer Properties Adds Riverworks to Growing Portfolio
Local developer Toll Brothers wrapped up construction on the Riverworks apartment complex in 2016. (CoStar)
Local developer Toll Brothers wrapped up construction on the Riverworks apartment complex in 2016. (CoStar)
By Ella Anderson
CoStar Research
August 13, 2019 | 3:40 P.M.

Local developer Toll Brothers sold the 349-unit Riverworks apartment complex in Phoenixville, Pennsylvania, to New York-based Pantzer Properties for $77.8 million, or about $223,000 per unit.

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