CENTER CITY, PA. (THECOUNT) — Sean Schellenger, a prominent Philadelphia real estate developer and owner of Streamline Solutions, was stabbed to death following an altercation late Thursday night.

Schellenger, 37, was stabbed to death just before 11 p.m. at 17th & Chancellor, located a few blocks from Rittenhouse Square.

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In a Friday morning press conference, Philadelphia Police Captain John Ryan said Schellenger was a passenger in a vehicle with two other men.

When they came upon another car blocking the street, Ryan said, Schellenger and the two other men got out of their vehicle to see if they can help move traffic along. That’s when a man on the bicycle approached the scene. Police say an argument ensued between Schellenger and the man on the bike. source

“The man on the bike pulled a large knife from his backpack,” Ryan said.

The two got into an altercation and Schellenger was stabbed once in the back, police say. Schellenger was taken to Jefferson University Hospital where he was pronounced dead 20 minutes later.

The suspect is described as black male, light skinned, approximately 6′ tall, medium build, wearing a white t-shirt and black shorts, and carrying a black backpack. Police say the suspect left the bike at the scene. They say he may have been a delivery person as a warming bag was also left behind.

Witnesses have spoken to police about what they saw. There are a number of cameras in the area and police hope they will help in the investigation.