Tuesday, March 10, 2015

Penn Medicine Expands into 268,000 SF at 3737 Science Center

Penn Medicine University City has signed a 56,000-square-foot lease in the 3737 Science Center building at 3737 Market St. in Philadelphia, PA, expanding its total occupancy there to 267,800 square feet.

Penn Medicine, a facility of Penn Presbyterian Medical Center, has relocated its Orthopedics Outpatient Program and other groups to the building, and will use its new space on the 11th and 12th floors for medical offices.

The 13-story laboratory and office building totals 340,000 square feet in the West Philadelphia submarket. It was built in November 2014, and is now fully leased.

"3737 Market's rapid lease up exemplifies the attractiveness of the Science Center as a location of choice for organizations in the innovation ecosystem," said Science Center President and CEO Stephen S. Tang, Ph.D., MBA. "Penn Medicine University City is a valuable partner of the Science Center and we are delighted that we could accommodate their expansion needs."

Developed by Wexford Science + Technology, a BioMed Realty (NYSE: BMR) company, and Science Center, the property is also home to Spark Therapeutics, a gene therapy start-up from The Children's Hospital of Philadelphia; Good Shepherd Penn Partners, which operates the Penn Institute for Rehabilitation Medicine; and the Corner Bakery Café which is expected to begin service on the ground floor this month.

The asset recently achieved LEED Gold certification for core and shell design, noted for several unique design features focused on energy efficiency, including a green roof with "white roof" insulating membrane, storm water management, and a chilled beam system - an advanced convection HVAC system for large buildings.

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