Fairmount Schuykill

STORIES FROM OUR REGION – October 2021

WuXi Closes Middletown Land Acquisition

The Middletown farmland, acquired in a $30 million deal, is set to become a major employer for New Castle County and Delaware as a whole by bringing hundreds of good-paying, diverse jobs to the area, advancing their goal of growing their biotech industry.

Iovance Biotherapeutics Officially Opens $125M Cell Therapy Center at the Philadelphia Navy Yard

The company’s state-of-the-art cell therapy center is the first scalable manufacturing facility dedicated to producing potentially life-saving TIL cell therapies.

Siemens Healthineers Plans $32M Glasgow Expansion

The expansion project aims to boost the company’s manufacturing capabilities and further improve the delivery efficiency of important tests to health care providers and their patients.

Center City Office Building Hits the Market in Life Sciences Play

2300 Chestnut Street, a 103,905-square-foot Center City office building, boasts expansive ceiling heights, heavy floor load, and close proximity to University City, making it desirable for conversion into lab space.

MLP Ventures Buys Two More Buildings in King of Prussia for $41.8M

2201 Renaissance Boulevard, a 133,880-square-foot building included in the purchase, will be converted into lab space, adding to the company’s cluster of nearby life sciences properties totaling 1.6 million square feet.

Northeast Philadelphia Industrial Market Booming with 15 Million Square Feet of New Development

As of right now, the submarket is seeing upwards of $600 million in the development of 14 new buildings totaling six million square feet under construction.