Skyloft Building

Philadelphia, PA

  • Ideally located on Vine street and the Philadelphia Convention Center

  • Purchased the property as a neglected former manufacturing building

  • Created a major Arts Center at the property in conjunction with the lease of a significant amount of space to the Pennsylvania Academy of the Fine Arts for the fine arts Masters program

  • Completely tenanted the building- including the rood- and renovated the property into a premier Loft Building for the Arts and related uses

  • Prepared the entire property for redevelopment to residential “Loft Housing” by carefully controlling all lease expirations

  • Achieved substantial cash flow and premium rents throughout the ownership period

  • Sold the property to a residential developer

  • Achieved 58.7% IRR during the investment

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425 East 52nd Street

New York, NY 10022

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© 2019 by sky management services, llc

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