Real Estate Archives | Select Greater Philadelphia

Penn Announces Strategic Partnership with Longfellow Real Estate to Develop State-of-the-Art Life Sciences Facility in Philadelphia

Penn Announces Strategic Partnership with Longfellow Real Estate to Develop State-of-the-Art Life Sciences Facility in Philadelphia

Pennovation Works is a vibrant and growing community in the Greater Philadelphia region with innovative companies doing impactful research and product development.

The Chamber of Commerce for Greater Philadelphia is excited to celebrate with the University of Pennsylvania its announcement of a strategic partnership with Longfellow Real Estate to develop a 455,000-sq.-ft., state-of-the-art life sciences facility inside the Pennovation Works ecosystem.

Read more about this exciting expansion in the press release and full article, which can be found here: https://penntoday.upenn.edu/news/365-million-development-will-expand-life-sciences-hub-pennovation-works.

[…]

June 16th, 2022|Cell and Gene Therapy, Largest Employers, Life Sciences, Our News, Real Estate|0 Comments

Surge in Life Sciences Investment in Region Continues: 2021 Total Exceeded $12 Billion

Surge in Life Sciences Investment in Region Continues: 2021 Total Exceeded $12 Billion

The life sciences sector in Greater Philadelphia benefited from robust investment in 2021. The 11-county area of Southeastern Pennsylvania, northern Delaware and southern New Jersey combined saw more than $12 billion invested, according to biopharma database company DealForma. The $12 billion tally included more than $3 billion for cell and gene therapy. Investment deals ranged from Series A rounds through IPOs. Among the technologies funded were biologics, cell and gene therapy, small molecules, as well as medical device and digital health, including artificial intelligence.

Reflected in the DealForma data were eight IPOs with a combined value of more than $750 million. […]

January 25th, 2022|Cell and Gene Therapy, Innovation, Investments, Life Sciences, Real Estate, Regional News Roundup|0 Comments

PHL Connects Region’s Life Sciences Ecosystem to the World

PHL Connects Region’s Life Sciences Ecosystem to the World

Accessibility is one of the attributes that make Greater Philadelphia a leading global life sciences ecosystem. James Tyrrell, chief revenue officer at Philadelphia International Airport (PHL), answered questions about how PHL contributes to the life sciences sector with a cold-storage facility, daily direct international service, and its location on the East Coast.

What are Philadelphia International Airport’s cold-storage capabilities?

American Airlines’ largest cold-storage facility is located at Philadelphia International Airport (PHL). This 25,000 square-foot facility dedicated specifically to pharmaceutical use includes 3,000 square feet that is refrigerated between 36 degrees and 43 degrees, and dedicated space with the capability to refrigerate cargo […]

December 21st, 2021|Infrastructure, Life Sciences, Real Estate, Regional News Roundup|0 Comments

After 30 years in Chesterbrook, AmerisourceBergen opens new headquarters in Conshohocken

After 30 years in Chesterbrook, AmerisourceBergen opens new headquarters in Conshohocken

AmerisourceBergen Corp. has exited Chesterbrook and moved its new headquarters to Conshohocken.

Article from Philadelphia Business Journal

September 26th, 2021|Company Locates/Expansion Announcements, Real Estate, Regional News Roundup|0 Comments

Rite Aid Corp. to move HQ to Philadelphia Navy Yard

Rite Aid Corp. to move HQ to Philadelphia Navy Yard

Rite Aid Corp. signed a lease for a 23,500 square foot space at 1200 Intrepid Ave for their “enterprise headquarters” as part of an effort to redefine how they envision their employees working as a result of the pandemic.

Article from Philadelphia Business Journal

September 14th, 2021|Company Locates/Expansion Announcements, Innovation, Real Estate, Regional News Roundup|Comments Off

Cambridge Innovation Center to double its lab space in University City with $11M expansion

Cambridge Innovation Center to double its lab space in University City with $11M expansion

Cambridge Innovation Center is set to create one the largest shared laboratory hubs in the country with its expansion of its lab space in University City.

Article from Philadelphia Business Journal

August 23rd, 2021|Company Locates/Expansion Announcements, Innovation, Real Estate, Regional News Roundup|Comments Off

Silicon Valley food allergy drug developer takes manufacturing space in Montgomery County

Silicon Valley food allergy drug developer takes manufacturing space in Montgomery County

Alladapt Immunotherapeutics Inc. is building out manufacturing space in Montgomery County with plans to produce the company’s lead drug in 2023.

Article from Philadelphia Business Journal

August 22nd, 2021|Company Locates/Expansion Announcements, Real Estate, Regional News Roundup|Comments Off

Aro Biotherapeutics Expands Leadership Team and Plans Move to New Philadelphia Headquarters to Drive Next Phase of Growth

Aro Biotherapeutics Expands Leadership Team and Plans Move to New Philadelphia Headquarters to Drive Next Phase of Growth

A biotechnology company pioneering the development of tissue-targeted genetic medicines has announced their three new executive leaders and headquarter relocation to Philadelphia.

Article from Aro Biotherapuetics

August 4th, 2021|Company Locates/Expansion Announcements, Real Estate, Regional News Roundup|Comments Off