Adare Pharma Solutions is relocating its headquarters from New Jersey to Northeast Philadelphia and expects to create 115 new jobs over the next three years. This move is part of a $16.8 million expansion project by Adare, which includes opening a new lab. The company has received $3 million in state support for the relocation… Read more »
Brandywine Realty Trust is on the verge of finalizing an agreement with a tenant for an entire lab space floor at Cira Centre in University City. CEO Jerry Sweeney mentioned that the prospective tenant, who remains undisclosed, is set to occupy the whole eighth floor spanning 27,386 square feet. This space is currently under development… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2285 Schoenersville Road, Bethlehem, PA 18017. The Bethlehem property is available for lease. The property holds +/- 13,416 square feet on its second floor, that could be utilized by medical users. Features… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2315-2319 North Broad Street, Philadelphia, PA 19132. The Philadelphia property is available for sale. The property holds +/- 12,789 square feet on .33 acres, that could be utilized by opportunity zones and… Read more »
Revitalizing Philadelphia’s life sciences market hinges on a new catalyst, according to local real estate developers. Spark Therapeutics, a local gene therapy company, exemplified the potential impact of a single firm’s success on real estate development. Following its acquisition by Roche for $4.8 billion in 2019, Spark expanded to over 800 employees and initiated real… Read more »
Less than a year after acquiring a 340-acre office and life sciences campus in Montgomery County, the owners have initiated a significant renovation and expansion project. David Werner Real Estate Investments and GreenBarn Investment Group, based in New York, aim to expand the Bridge at Collegeville by up to 1.4 million square feet, including new… Read more »
A coalition of over 100 organizations in the Philadelphia region has submitted an $80 million proposal to the government, detailing its strategy for boosting the local life sciences industry. This initiative follows the U.S. Department of Commerce’s designation of Philadelphia as one of 31 federal innovation and technology hubs, with access to up to $500… Read more »
Most of One uCity Square was already leased before Wexford Science & Technology inaugurated the 400,000-square-foot life sciences building in January 2023. The impeccable timing aligned with the peak demand for life sciences space in the first half of 2022, according to Wexford’s Vice President of Development, Pete Cramer. Currently, Wexford has shifted its attention… Read more »
NexPoint, a multibillion-dollar alternative investment firm, has acquired two life sciences industrial properties in Philadelphia, in a sale-leaseback deal financed with a commercial mortgage-backed securities loan from KeyBank. The properties were indirectly acquired by NexPoint Life Sciences II DST, a Delaware statutory trust seeking to raise $42 million from accredited investors via a private placement… Read more »
A $100 million, 250,000-square-foot University City life sciences building is about a month away from receiving its temporary certificate of occupancy and the developer is deep in negotiations with potential tenants. The eight-story University Place 3.0 is at 4101 Market St. near several other life sciences and residential projects in development-heavy University City. In addition… Read more »
