3535 market street - cbre · city keystone innovation zone. on-site . parking available. ... within...

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3535 MARKET STREET Philadelphia, PA

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3 5 3 5 M A R K E T S T R E E TPhiladelphia, PA

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

[email protected]

Kevin Maloney

First Vice President | CBRE

T + 1-215-561-8947

[email protected]

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.