University of the Arts real estate sales are moving forward as a company has been hired to sell 9 buildings

📆 04/11/2024 05:00 p. m.
📰 PhillyInquirer

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The total portfolio includes Arts Bank, Anderson Hall, Hamilton Hall, Furness Hall, Juniper Hall, Gershman Hall, Terra Hall, Arts Alliance, and Spruce Hall.

University of the Arts real estate sales are moving forward as a company has been hired to sell 9 buildings

The school, which operated for 150 years, had accumulated bond debt of around $46 million and other liabilities. Jim Galbally, another JLL senior managing director handling the sale, underscored the value of the buildings to Philadelphia.

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