January 4, 2013

By Jared Brey
For PlanPhilly

John Wei is willing to sell the embattled Church of the Assumption, a certified historic property at 12^th and Spring Garden that he’s owned since July.

The asking price? $2.1 million.

Michael Barmash, a Philadelphia-based principal at Colliers International who marketed the property for its previous owner, said that Wei contacted him just before the holidays and asked him to quote the price to interested buyers at $2.1 million for the entire property, including the church, a rectory, and other parcels. Barmash said he has only “informally marketed” the property since then.

Wei bought the property for $1.12 million in July.

(via Colliers ‘informally marketing’ Church of the Assumption for $2.1 million | PlanPhilly: Planning Philadelphia’s Future)