Philadelphia, PA — Avison Young has negotiated the sale of a 106,000 s/f building in Malvern to Commonwealth Charter Academy (CCA), a top accredited public cyber charter school.
The $15.3 million sale is the latest deal closed by the Avison Young team specializing in helping charter schools find and acquire buildings for new locations in Greater Philadelphia. The team is led by Scott Williams, principal at Avison Young; and Ryan FitzPatrick, vice president. “We’re proud to represent CCA, a premier charter school that continues to grow thanks to its outstanding success with students,” Williams said. “We worked hard to find CCA the ideal building for its new location, and this is certainly it.” The office building at 70 Valley Stream Parkway had been the former headquarters of Ricoh USA. The seller was Star 79VS Owner LLC.
CCA, which provides personalized educational programs and services to K-12 students, has a variety of uses planned for the building. The charter school now has 12 locations and serves more than 11,000 learners at no cost to families.