Pgim Real Estate Sells Philadelphia-area Community

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The 275-unit property located in the submarket of Bala Cynwyd, Pa., was purchased for $59.5 million. : PGIM Real Estate has sold The Royal Athena, a Class A community in the Philadelphia submarket of Bala Cynwyd, Pa. Affiliates of Harbor Group International has acquired the 275-unit waterfront property, in the newly rebranded Pencoyd Landing, for $59.5 million. Pencoyd Landing is home to a new $30 million, 11-acre redevelopment project that will soon feature a public plaza, café, restaurant with terrace and access to bike trails. Located at 600 Righters Ferry Road, The Royal Athena offers one- and two-bedroom apartments.

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