Group paid $6M for charter school site
The investment group that purchased the failed Walter D. Palmer Leadership Learning Partners Charter School paid $6 million for the 60,800-square foot building, according to records filed with the city.
The investment group that purchased the failed Walter D. Palmer Leadership Learning Partners Charter School paid $6 million for the 60,800-square foot building, according to records filed with the city.
Andrew Yaffe, president of American Investment Partners, said after the sale closed in January that the group was considering various options for the building on 1.5-acres of land on the western edge of the Northern Liberties neighborhood.
The school had been in the middle of charter-revocation proceedings when it announced it would close Dec. 31, 2014. The sale to Yaffe's group was brokered by The Flynn Co. of Philadelphia, working on behalf of a servicer representing the school's creditors. Yaffe did not immediately return a message Friday seeking an update on the group's plans.
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