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Longfellow Real Estate Partners has acquired a 75-year ground lease to develop, finance and operate a new 455K SF life sciences facility on the Pennovation Works campus in Philadelphia. 

Pennovation Works, a 23-acre University of Pennsylvania property across the Schuykill River from the university’s core campus, is a former DuPont chemical research facility that was converted in 2016 into the Pennovation Center, and incubator for science and technology startups.

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