Asset management firm director trades in Center City West

Medium 673e0e083e5bf4f2dd2ccfdfb77e2896 Matthew T. Rademacher sold the one-bedroom, one-bath condo Unit #2 at 2047 Spuce St. in Center City West to Lawrence Axelrod for $330,000 on July 2.

The 720-square-foot condo was built in 1900.

Rademacher is director at Academy Asset Management LLC. He specializes in mutual fund management, fixed income structuring and credit.

He previously was director at UBS Secuities LLC, a global wealth manager, global investment banking and securities firm in Switzerland. He also was an analyst at Wheat First Butcher Singer.

He received his B.S.B.A. in finance from Villanova University.

The development is at 2047 Spruce St. is in Rittenhouse Square Condominiums also known as Rittenhouse Philly condos, the first high-rise Rittenhouse Square condo building built in the 1920s.

There were 292 home sales in the Center City West in 2008, with a median sales price of $340,000.

Address: 2047 Spruce Street
Buyer(s): Lawrence Axelrod
Seller(s): Matthew T Rademacher
Sale date: Jul. 2, 2009