Thursday, July 3, 2014

Health Partners Expands at 907 Market St.

Health Partners Plans Inc. (HPP) expanded at the Pennsylvania REIT’s 907 Market St. building in Philadelphia above The Gallery. 

The health insurance organization currently occupies more than 140,000 square feet of office space on the fourth and fifth floors of the building and will be expanding into an additional 70,000 square feet on the third floor in the first quarter of 2015. 

The expansion of HPP signals the next steps in a project that is making an imprint on the retail landscape in Philadelphia. 

PREIT announced in April that the region’s first Century 21 Department Store would open at The Gallery as part of the company’s much-anticipated redevelopment plans for the center. 

“This transaction creates near-term value in filling existing office space,” said Joseph F. Coradino, CEO of PREIT. “With this, we are taking the next step toward creating Philadelphia’s only transit-oriented, retail anchored multi-use property offering accessible luxury retailing and artisan food experiences.”

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