STORIES FROM OUR REGION – September 2021

Rite Aid Corp. Moving Headquarters to Philadelphia Navy Yard

Focused on flexibility for associates, the official headquarters space, which employees will begin moving into the first half of 2022, will be designed specifically for in-person collaboration and company gatherings.

International Gene Therapy Developer Opens U.S. offices in Montgomery County

Exegenesis Bio of China’s business offices in Lower Gwynedd will give the company the flexibility to scale its office and laboratory space in the near term . It also plans to add 25 new clinical, regulatory, and administrative roles to the Philadelphia region within the next year.

Cambridge Innovation Center (CIC) to Double University City Lab Space with $11M Expansion

To meet the growing demand for additional lab infrastructure to serve nearly two dozen life sciences companies and about 50 co-working tenants, CIC will double down and add 200 more lab benches, making it one of the largest shared laboratory hubs in the whole country.

Pennsylvania Biotechnology Center Nears Debut of $20M Expansion in Bucks County

Slated to debut next month, the project will grow the existing campus by 40% and will include 15,000 square feet of new laboratory space, which continues to draw interest from companies around the country to move to Doylestown.

Innovation Space in Delaware Doubles Expanding Lab Space

Housed in their Wilmington, Delaware headquarters, which is comprised of 33 laboratories and 76 offices, The Innovation Space will make 50,000 square feet of Class A laboratory and office space available in April 2022.

New $42M Warehouse at PhilaPort Topped Off

The last piece of steel has been installed in the 201,621-square-foot distribution center under construction at the Packer Avenue Marine Terminal. It is expected to be completed in May 2022 and estimates to potentially create 200 to 300 jobs.