Philly Real Estate Mogul Sues Over Obstructed $38M Deal

Law360, Philadelphia (September 24, 2013, 1:44 PM EDT) -- A Philadelphia real estate mogul under contract to purchase a Center City Philadelphia commercial complex sued the sellers in state court on Friday, contending that they were obstructing the closing of the $38 million sale.

Bart Blatstein, the principal of 2400 Market Tower Associates LP, claims that Abercromby Propery International and others, the current owners of the Marketplace Design Center and an adjoining six-story building, have yet to deliver required paperwork from tenants and have kept slipshod records, thus preventing the sale from moving forward....
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