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Shuttered Charter School School Sold to Private Equity Firm

Shuttered Charter School School Sold to Private Equity FirmLeaders of a closed Philadelphia charter school have sold its building at Seventh and Sansom Streets to an affiliate of investment group Lubert-Adler for $11.8 million, most of which will be used to pay off a bond that had been issued to pay for the property and its renovation.

A subsidiary of the foundation that owns the building of the defunct Charter High School for Architecture and Design sold the five-story, roughly 125,000-square-foot building on July 30, according to records filed with the city.

Read on Inquirer.com

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