4055 Market St, Philadelphia, PA, 19104-3031, US

4.0 University Place

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis by University Place Associates (the “Owner” or “UPA”) to offer qualified investors the opportunity to purchase a fee simple interest in 4055 Market Street (the “Property” or “Site” or “Project”). The 1.3-acre site is located in University City, the epicenter of Philadelphia’s life sciences market and a global hub for gene and cell therapy. The Site can accommodate up to an 814,027 RSF structure and is located within a Federal Opportunity Zone. 4.0 University Place is adjacent to 3.0 University Place, a 250,000 SF, LEED Platinum life sciences facility currently under construction and set to deliver in the first quarter of 2023.

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Attributes

Building area Gross

814,027 sf

Year built

2023

Land area Gross

1.30 acres (56,628 sf)

Media

Investment Highlights

Prime University City Location

University City is the epicenter of Philadelphia’s life sciences market and is a global hub for gene and cell therapy.

Top Life Science Market

The Project is poised to deliver into one of Philadelphia’s fastest growing urban real estate markets that currently has a lab inventory of over 1.4M+ square feet and vacancy rate of 2.2%.

Record Venture Capital and NIH Funding

Local institutions continue to attract impressive amounts of NIH funding for cell and gene therapy projects. Midway through 2022, more than $1 billion has already been raised by Philadelphia life science companies, setting the region on track to meet or exceed its record 2021 totals.