RothbergDubrow is proud to announce the leasing of 2,345 sf at 1011 N. Hancock Street to New Western Acquisitions, an investment real estate firm. This deal marks the 8th transaction RothbergDubrow has orchestrated at the Schmidt’s Commons.
The Business
Founded in 2008, New Western Acquisition’s specializes in Real Estate Owned (REO) properties with a primary goal to acquire and resell the distressed houses. The firm places an emphasis on solely dealing with real estate investors, thus carving out a niche in a generally crowded field.
The Home
New Western’s new home stays true to the industrial roots of the area, complete with brick walls, partially exposed ceiling, and a mix of wood and steel support posts and beams. The space also contains an open office area, full kitchen, and conference room all with great natural light and showcase lighting, sure to provide the perfect work environment for an innovative and experienced company like New Western.
The Location
1011 N. Hancock Street is located just off of N 2nd Street in the millennial dense Northern Liberties, a neighborhood that continues to attract attention as one of the top 30 U.S. Boom Towns (http://www.phillyvoice.com/northern-liberties-named-among-top-30-us-boom-towns/). More specifically, 1011 N. Hancock is situated within the Schmidt’s Commons, a development that has grown more popular in recent years as it continues to provide can’t miss social events for the community as well as attract exciting new tenants including the workspace group WeWork, marketing agency 215 Marketing, and development company Webjunto.
