PHILADELPHIA-The 607,471-square-foot One FranklinPlaza tower – former home ofGlaxoSmithKline - is on the market.
Newmark Grubb Knight Frank is promoting the24-story building as a prime Center City site for development as ahotel, apartments or mixed uses.
“This is a unique opportunity to introduce mixed-use on a verylarge scale, essentially creating a destination development at thegateway to Center City Philadelphia,” said MichaelMargolis of NGKF. Margolis, David Dolanand Brett Segal of NGKF's Capital Markets Groupare brokering the property in concert with local market specialistsWayne Fisher and CraigScheuerle.
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