An affiliate of the Goldenberg Group of Blue Bell has
acquired the World Communications Charter School's classroom building on South
Broad Street from the charter operator, which will remain at the property as a
tenant.
The affiliate, Broad Street South Associates LP, paid $10
million on June 28 for the 46,400-square-foot property at 512 S. Broad St.,
according to records filed with the city.
Goldenberg operations chief Seth Shapiro said in a
statement on Tuesday that the property was purchased as a long-term investment
and that the charter school has an option to continue leasing the building
"for several years."
Source: Philly.com
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