Formcraft, an architectural firm in Folcroft, has decided to relocate its headquarters in November to Two Commerce Square in Philadelphia and bring 31 jobs to the city, writes Natalie Kostelni for the Philadelphia Business Journal.
The move comes after the company opened a Philadelphia satellite office in 2016 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.”
The growing company made the decision in April and accelerated plans to make the move to Philadelphia. The company knew it wanted to be in a trophy building to reflect the type of clients it has.
Formcraft focuses on corporate office interiors and 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.
The company is figuring out what it will do with its 8,000-square-foot building at 712 Henderson Road in Folcroft. Options include possibly redeveloping it or selling.
Read more about Formcraft’s move from Folcroft to Philadelphia here.