Arts + Crafts Holdings Buys Remaining Properties in Willow Management Portfolio for $17 M
June 20, 2018 [Philadelphia, PA] – Colliers International | Philadelphia concluded the sale of two properties to Arts & Crafts Holdings for $17.0 million in the East Callowhill section of Philadelphia, which is on track for a rebirth. Located north of the Center City Business District and nestled between a major roadway and two cross city arterial routes, it is one of the last remaining swaths of raw developable land in the City.
The Callow East properties are the final piece of the Willow Management Corporation’s family-owned portfolio of industrial and office buildings stretching from Second Street to the east, Ninth Street to the west, Callowhill Street to the south, and Spring Garden Street to the north. The sale encompasses over 132,000 square feet of commercial real estate parcels.
About Arts + Crafts Holdings
Arts & Crafts Holdings is an active investor and the leading developer on the northern edge of Center City Philadelphia. Affiliates of Arts & Crafts Holdings currently own in excess of 1,200,000 SF of commercial, residential & mixed use real estate. Arts & Crafts is focused on establishing Philadelphia’s authentic creative class commercial district at the northern edge of Center City Philadelphia. We seek to reimagine historic buildings and the urban spaces between them creating a vibrant canvas for the new economy's entrepreneurs & makers. A neighborhood is more than the sum of its parts.