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“The presence of a high-volume grocer, exceptional demographics and a visible location—in the retail heart of a busy Northeast Philadelphia neighborhood—makes Morrell Plaza an attractive place to conduct business,” says Levin Management's Sidney Singer.
Onsite amenities include a state-of-the-art fitness center with all-new training equipment and a private yoga studio, adjacent to new locker facilities.
The Peninsula's prime location makes it a strong expansion market for growing tech firms, with 61% of the tech footprint in Redwood City, San Mateo, Foster City and Belmont, which is driving housing demand.
JLL predicts flex space will comprise about a third of the market by 2030, compared to less than 5% today, and this concept can be found in North Texas, where a new co-working tenant inked space.