2400 Weccacoe Avenue
This 15 acre property in South Philadelphia near the Delaware River, with 300,000 sq. ft. of industrial and office space, was acquired when a major manufacturer left the Philadelphia area. In a deal that reversed a 50 year trend of a declining manufacturing base in the American Northeast, Rimas Properties targeted a global manufacturing conglomerate as a prospective tenant for this property. After painstaking research and tireless pursuit, the manufacturing tenant signed a carefully crafted 20-year lease. Rimas Properties not only secured a premium long-term tenant but brought some 400 new industrial jobs to the City of Philadelphia.

1352 Lofts Condominiums
Acquiring a key building lot in the path of the southward development of Philadelphia's center city retail, residential and entertainment district, Rimas properties has built an award winning condominium property. The new 1352 Lofts located on South Street just east of Broad, is a gleaming modern 180,000 sq. ft., six-story building situated next to the Arts Bank offering Class A ground floor retail space and 72 dramatically designed condominiums with unparalleled cityscape views.

The neighborhood has seen a marked resurgence in recent years with the opening of new restaurants and retailers, the energy of the nearby performing arts center since the completion of 1352 Lofts. With strong initial premium residential and retail occupancy, this Rimas project has brought new vitality to one the city's most important emerging neighborhoods.

Diverse Development Experience
The impressive growth of the Rimas Properties portfolio is founded on a solid development background. Throughout the past decade, the has company posted a string of successes with modest but timely projects such as showcase modern homes, the renovation and upgrade of residential apartment complexes and small to medium sized commercial properties in suburban and urban settings.