Thursday, August 23, 2012

Parents United For Better Schools Acquires Land

Parents United for Better Schools acquired 0.66 acres of land where it plans to expand The Mathematics, Civics & Sciences Charter School. The land consists of two parcels located at 1300 Buttonwood St. in Philadelphia, PA.

MGM Development Commercial Industrial sold the vacant land for approximately $2.7 million, at around $4 million per acre. According to the seller, the additional value of the land was donated as a "gift" to the non-profit charter school. The parcel is currently paved, being utilized as a parking lot for 100 cars located adjacent to the existing school building.

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