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“Investors from New York and Philadelphia are starting to look toward the Lehigh Valley as a means to obtain higher yields where demographics continue to improve, and development is picking up,” says Marcus & Millichap's Daniel Bernard.
Alongside top national brands in retail, dining and entertainment, Fashion District welcomes small businesses as part of a partnership with The Enterprise Center to incubate local entrepreneurs.
“Chris is an incredibly gifted executive with a thorough understanding of project management paired with an ability to communicate well and maintain excellent customer relations during complex construction processes,” says Thomas Ricci, managing principal and a founder of Coretrust Capital Partners.
“594 DC is a great value-add/redevelopment lease-up play that fits within Endurance's long-term sweet spot of re-positioning well-located, functional excess corporate real estate assets,” says Jared Newman, vice president of acquisitions at Endurance.
One Ardmore is the culmination of a successful public/private partnership between Dranoff Properties and Lower Merion Township, which served as a principal catalyst for the economic revival of Ardmore and the arrival of high-quality residential living in the downtown district.
Bleznak has represented some of the premier names in the retail industry including Whole Foods, CVS, Wawa, BJ's Restaurant Group, California Pizza Kitchen, Redstone American Grill, Lululemon, Dave & Buster's, A.C. Moore and Citizens Bank.
The property offered "a great opportunity for investors to buy a core-plus building at an attractive basis with upside in one of the best locations in Center City Philadelphia," says HFF's Mark Thomson.
The global corporate headquarters of healthcare solutions company AmerisourceBergen will serve as an anchor for the transformative mixed-use, transit-oriented development.