Formcraft, an architectural firm based in Delaware County, has decided to relocate its headquarters to Philadelphia and bring a total of 31 jobs to the city.
The move comes after the company opened a Philadelphia satellite office in 2016 in 2,800 square feet at 1515 Market St. “Our goal at that point was to get our foot in the door and test the waters and figure out where we really wanted to be,” said Owen Druckenmiller, managing director at Formcraft. “Earlier this year, we realized how much better it would be under one roof.”
It was also became apparent the company’s location at 712 Henderson Road in Folcroft wasn’t giving it the access it needed to talent. The building, which it owns, isn’t convenient to mass transit and the location is not as hip as Center City.
The company made the decision in April and accelerated plans to make the move to Philadelphia. In its search for new space, the company knew it wanted to be in a trophy building to reflect the type of clients it provides architectural services. Formcraft focuses on corporate office interiors and it is working on an 8,000-square-foot space for CapREIT at Two Liberty Place and a 16,000-square-foot headquarters for AGC Chemicals Americas Inc. in Exton.
Formcraft narrowed its choices to Two Logan Square, 1735 Market St., and Two Commerce Square. It signed a deal for 8,500 square feet at Two Commerce Square.
“This fits into our continued growth plans,” Druckenmiller said. “The company has been growing over the last eight years and it’s going to help continue that growth and give us access to talent.”
The company is figuring out what it will do with its 8,000-square-foot building in Folcroft. The structure sits on 2 acres and is not far from Philadelphia International Airport. Options include possibly redeveloping it or selling.
The company will move November into Two Commerce Square.
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*Article is courtesy of Philadelphia Biz Journal, Natalie Kostelni