The principals of ArcDesign have completed their purchase of the 12,000-square-foot building at 201 N. Delaware St., the architecture and interior design firm announced Oct. 1.

ArcDesign, at 8 W. Louisiana St. across from Union Station, plans to move in February following the completion of an extensive renovation.

Principals of the 20-employee firm bought the building for an undisclosed price from a private entity called 201 North Delaware LLC.

“Our firm has experienced significant growth over the last four years, prompting the need for additional studio space,” principal Andy Hine said in a written statement.

Founded in 1999, ArcDesign will occupy the second and third levels of the building and the Barcelona Tapas restaurant will continue to occupy the ground floor.

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