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Seymore Rubin Associates Sells Callowhill Portfolio

Arts & Crafts Holdings Purchases Multiple Buildings
February 13, 2018
Seymore Rubin Associates has sold five office and industrial buildings in Philadelphia, PA to Arts & Crafts Holdings for $36 million, or approximately $159 per square foot.

The deal totals 226,715 square feet and includes the properties at 444 N. 3rd St., 461 N. 3rd St., 854-856 N 3rd St., 600 Spring Garden St. and 827 Spring Garden St. These five properties were constructed between 1915 and 1965 and measure between 8,000 square feet up to 160,000 square feet.

Michael Barmash and Mike Kahan of Colliers International represented the seller and were the sole brokers on the sale.

Please see CoStar COMPS #4129754 for additional information on this transaction.
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