PHILADELPHIA—Pennsylvania Real Estate Investment Trust reports that tenant Health Partners Plans Inc. will expand its operations at the 907 Market St. building above The Gallery.
The not-for-profit insurance organization currently occupies more than 140,000 square feet of office space on the fourth and fifth floors of the building and will be expanding into an additional 70,000 square feet of space on the third floor in the first quarter of 2015.
PREIT announced in April that the region's first Century 21 Department Store would open at The Gallery as part PREIT's much-anticipated redevelopment plans for the center.
"This transaction creates near-term value in filling existing office space," says Joseph F. Coradino, CEO of PREIT. "With this, we are taking the next step toward creating Philadelphia's only transit-oriented, retail anchored multi-use property offering accessible luxury retailing and artisan food experiences."
Health Partners Plans is an award-winning, not-for-profit health insurance organization serving more than 187,000 members in Philadelphia, Chester, Delaware, Bucks and Montgomery counties.
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