Following an additional lease signed with Drexel University, 360,000 square feet remains available at 3201 Cuthbert Street. The available space represents approximately 69 percent of the building. The 520,000-square-foot development is the largest life sciences building in Philadelphia. Core and shell construction was completed this month. The project was developed by Gattuso Development Partners with… Read more »
Drexel University has agreed to more than double its lease at a new life sciences building on campus. The lease at 3201 Cuthbert Street was restructured to total 151,000 square feet. The previous lease encompassed 60,000 square feet. The expanded lease will span four floors of the building. The space is planned to house all… Read more »
Gattuso Development Partners and Vigilant Holdings of New York have secured a $290 million construction loan for a major life sciences building set to be developed on Drexel University’s campus. The funding comes from Houston-based Corebridge Financial, with an additional equity commitment from Boston-based Baupost Group, which is also a partner on the project. Plans… Read more »
With Philadelphia’s health sciences industry booming, Drexel University will now house all of its health care programs in one space: a 460,000-square-foot building on 36th and Filbert streets at uCity Square. The new 12-story building, developed by Wexford Science and Technology in collaboration with Drexel and owned by Ventas, will be home to Drexel’s College… Read more »
Spark Therapeutics plans to invest $575 million to build a new gene therapy innovation center on Drexel University’s campus in Philadelphia’s University City neighborhood. Through a 99-year ground lease of Drexel University’s F Lot, the new gene therapy center will be located at the intersection of 30th and Chestnut streets. The 500,000-square-foot, multistory facility is… Read more »
Iron Stone Real Estate Partners, which recently acquired part of the former Hahnemann University Hospital complex, plans to offer one of the buildings as research and development laboratories for the Philadelphia region’s growing life sciences sector. The Hahnemann structure Iron Stone selected for labs had housed Hahnemann’s in-house labs. That gives it an advantage over… Read more »
