Real estate investment group Arts & Crafts Holdings L.L.C. has closed on the last two parcels put up for sale last year by property investor Mark Rubin in the north-of-Center-City district where it's been investing heavily.
The group paid $17 million for the two industrial properties at 200 Spring Garden St. — currently a City Fitness Gym — and 412-26 N. 2nd St., Michael Barmash, who marketed the Rubin portfolio as a senior managing director at Colliers International in Philadelphia, said Wednesday.
The properties are among the 20-plus buildings, together costing more than $325 million, that Arts & Crafts has assembled over the last three years in an area largely bounded by Spring Garden and Callowhill Streets, between Second and 11th Streets, the group has said.
Arts & Crafts earlier paid $36 million for five other properties from the Rubin portfolio, including the historic former bank that was home to one of restaurateur Stephen Starr's early ventures.