Facing 80,000 square feet of vacant space at 3711 Market St., Wexford Science & Technology is committing $28.5 million to renovate the University City property and strengthen its position in Philadelphia’s life sciences sector. Renovations on the 16-year-old, 10-story, 150,000-square-foot building are set to begin in early 2025 and finish by year-end. With occupancy currently at 45%, the upgrades aim to attract tenants in a competitive market, as experts predict life sciences leasing will rebound in the coming year.

*Article courtesy of Philadelphia Business Journal

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