3535 market street - cbre · city keystone innovation zone. on-site . parking available. ... within...
TRANSCRIPT
U N I V E R S I T Y C I T Y is currently
emerging as an effervescent 24-hour
urban community that is continuing
to attract businesses, residents and
developers from suburban markets.
3535 Market Street is a premier
office and medical research tower
situated within University City’s
world-renowned academic cluster.
3 5 3 5 M A R K E T S T R E E T
T R A N S P O R TAT I O N
3 5 3 5 M A R K E T S T R E E T
T R A N S P O R TAT I O N
1 minute walk to 36th Street Transit Stop (Market Frankford Line, Route 10)
8 minute walk to Philadelphia 30th Street Commuter Rail (Amtrak, SEPTA, NJ Transit)
19 minute drive to the Philadelphia International Airport
Philadelphia, PA
435,000 SF rentable area
16 stories
25,121 SF typical floor size
Year built: 1973
Year renovated: 2016
U N I V E R S I T Y C I T Y ’ S L A R G E S T C O N T I G U O U S B L O C K O F C L A S S A O F F I C E S PA C E
2 2 6 , 0 8 9 S F
C O M I N G O N L I N E
J U N E 1 , 2 0 1 7 !
P R O M I N E N T location in the
heart of the University City
Science Center with proximity
to the University of Pennsylvania,
Drexel University, and Children’s
Hospital of Philadelphia
CONVENIENTLY located near 30th
Street Station, Amtrak’s Northeast
Corridor, SEPTA’s Regional Rail
System which serves the outlying
suburbs and the Philadelphia Inter-
national Airport, and Interstate 76.
R E C E N T improvements to the
building include: HVAC Heat
Pump replacement and mainte-
nance; upgrades to the build-
ing Energy Management Sys-
tems; Elevator Modernization to
a Destination Dispatch optimiza-
tion program.
L O C AT E D inside the University
City Keystone Innovation Zone.
ON-SITE parking available.
R E C TA N G U L A R floor plate
and central core design pro-
vide efficient planning for both
single tenant and multi-tenant
occupiers.
DY N A M I C L O C AT I O N W I T H P R O L I F I C G R O W T H A N D U N PA R A L L E L E D A C C E S S
U R B A N I N N O VAT I O N :
5 colleges and universities with
more than 44,000 students
10 million+ SF in new development
valued at over $4.6 billion
79,000 SF of retail currently under
construction
50,608population
315 hotel rooms under construction
260 bars and restaurants
154 retailers 46+ new business within the last 2 years
1,420 new residential units completed or under construction
4 hopsitals Scores of 90 or more on walk, transit,
and bike ratings
Estimated 11% population growth from 2013 to 2016
CONFERENCE ROOM A
COMM. RM.
A/V STORAGE
COATS
BREAKOUT
COATS
TELE
JAN
TELEMEN
STAIR
TELE
CORRIDOR
UNISEX
UNISEX
CONFERENCE ROOM B
CONFERENCE ROOM C
BREAKOUTCOATS
STAIR
ELEC
ELEVATOR LOBBY
TOUCHDOWN RM
CONFERENCE ROOM ECONFERENCE ROOM F
STORAGE
CONF RM D2 CONF RM D1
CONFERENCE ROOM D
COATS
OFFICE
OPEN
BRAINSTORM
PRIVACY RM VIRTUAL MEETING
CONFERENCE
LOCKERS
OFFICE
SMALL GROUP
OPEN OFFICE
PRIVACY RM
PRIVACY RM
CORRIDORDATA
ELEC
CONFERENCE
OPEN OFFICE
OFFICE OFFICE
SMALL
GROUP
COPY/PRINT
OFFICE
OFFICE
COPY/PRINT
CAFE
CORRIDOR
ENCLAVE
OPEN OFFICE
BRAINSTORMCOATS
DOUBLE
OFFICE
DOUBLE
OFFICE
OFFICE
QUIET ROOM QUIET ROOMCOPY/PRINT
SMALL GROUP
FS
FS
FE
FE
CH=95.5"
SATC
CH=101.5"
SATC
CH=95.5"
SATC
CH=95.5"
SATC
CH=101"
GWB
CH=101.5"
SATC
CH=101.5"
SATC
CH=96"
SATC
FE
WOMEN
FE
ELEC
36TH STREET
MA
RK
ET
STR
EET
1717 ARCH STREET, SUITE 4101
PHILADELPHIA, PA 19103
267.809.8400 T
215.557.7984 F
www.L2Partridge.com
3535 MARKET ST - PHILADELPHIA, PA
2016-05-05
16TH FLOOR RECORD CONDITIONS
SCALE: 1/16" = 1'-0"
1 6 t h F L O O R P L A N
TELE
JAN
TELEMEN
STAIR
TELE
UNISEX
UNISEX
STAIR
ELEC
ELEVATOR LOBBY
WOMEN
ELEC
36TH STREET
MA
RK
ET
STR
EET
1717 ARCH STREET, SUITE 4101
PHILADELPHIA, PA 19103
267.809.8400 T
215.557.7984 F
www.L2Partridge.com
3535 MARKET ST - PHILADELPHIA, PA
2016-05-05
16TH FLOOR CORE AND SHELL
SCALE: 1/16" = 1'-0"
C O R E F L O O R P L A N
has become the
epicenter of growth and development in
Center City Philadelphia. For years, many
considered downtown Philadelphia to end
at the Schuylkill River, but the growth on
the west side of the river can no longer be
ignored. The source of this growth lies in
the submarket’s name itself – University
City. Home to two of the nation’s top uni-
versities, University of Pennsylvania and
Drexel University, these organizations have
driven the explosive growth within the sub-
market. With more than 50,000 students
and one of the largest health systems in the
country, University City is bursting at the
seams with young, vibrant, and highly edu-
cated millennials.
Although much of the explosive growth seen
in University City occurred since the end of
the 2007-2009 recession, University City has
a long history as a hub for medical and scien-
tific research. Founded in 1968, the University
City Science Center (UCSC) is the oldest and
largest urban research park in the country
and routinely partners with the University of
Pennsylvania and Drexel University to incu-
bate technology and research companies in
their infancy stages. Between the two
Universities, Penn Hospital, Children’s Hos-
pital of Pennsylvania (CHOP) and the UCSC,
University City has gained the reputation as
one of the top hubs for health care and life
science activities in the country.
Philadelphia has the highest concentra-
tion of education and medical jobs in the
nation (more than 20%), with a large number
of those jobs located within University City.
Furthermore, four of the top ten employers
in the region are headquartered in University
City: University of Pennsylvania, Penn Health
Systems, CHOP, and Drexel University.
The explosive growth and strong real estate
fundamentals have not gone unnoticed by
developers and investors. During the past
five years, the inventory of apartment units
has more than doubled and a number of new
multi-family projects are underway. With the
lowest vacancy rate in the city (3.1%) and a
41% Class A rent premium over the rest of
the market, office development has also been
strong. Locally based owner and developer
Brandywine Realty Trust recognized the great
potential for this submarket, as evidenced by
their current project, FMC Tower, which will
bring new office space and residential units
U N I V E R S I T Y C I T Y
to the market. Additionally, Drexel Universi-
ty and Brandywine Realty Trust recently an-
nounced a partnership for what will be known
as Schuylkill Yards, a mixed use development
plan for the next 20 years that includes nearly
4 million square feet of: office, lab, residential,
retail, and public spaces. As the universities
and health care providers in University City
continue to grow, they will attract more talent
and more cutting edge companies that will
drive future real estate development.
Millenium Hall
NorthsideDining Terrace
Drexel UniversityLibrary Learning Terrace
The Summit
The Granary
The Barnes Foundation
1900 Arch
Comcast Innovation & Technology Center
Drexel Recreation Center
DomusHill College House
Shoemaker Green
Penn Park
SchuylkillBoardwalk
LeBow Hall
IRS Building
Chestnut Square
Papadakis Integrated Sciences Building
2040 Market2116 Chestnut
Evo at Cira South
OFFICE
MUSEUM
RESIDENTIAL
STUDENT HOUSING
ACADEMIC
PARKS
FMC Tower
TODAY
Krishna P. Singh Center
P H I L A D E L P H I A’ S T R A N S F O R M AT I O N
FMC Tower and Apartments
Cira Center and IRS Building
3601 MarketAA Luxury Apartments
CHOP CampusPENN Medicine
University City Science Center
Drexel UniversityCampus
Drexel InnovationNeighborhood
3737 Chestnut Street
University of Pennsylvania Campus
University of Pennsylvania’s PENNOVATION CENTER
Drexel WexfordScience & Technology
CHOP Expansion
U N I V E R S I T Y C I T Y : A C E N T E R F O R H E A LT H C A R E , E D U C AT I O N , A N D I N N O VAT I O N
L E A S I N G
Nicholas Gersbach
Senior Vice President | CBRE
T + 1-215-561-8945
Kevin Maloney
First Vice President | CBRE
T + 1-215-561-8947
CBRE, Inc.
Two Liberty Place
50 S. 16th St, Suite 3000
Philadelphia, PA 19102
T + 1-215-561-8900
Licensed Real Estate Broker
© 2016 CBRE, Inc. This information has been obtained from sources
believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, as-
sumptions or estimates used are for example only and do not rep-
resent the current or future performance of the property. You and
your advisors should conduct a careful, independent investigation
of the property to determine to your satisfaction the suitability of
the property for your needs. CBRE and the CBRE logo are service
marks of CBRE, Inc. and/or its affiliated or related companies in the
United States and other countries. All other marks displayed on this
document are the property of their respective owners. Photos herein
are the property of their respective owners and use of these images
without the express written consent of the owner is prohibited.