Posted Sep 11, 2015, 12:44 AM
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Join Date: Oct 2011
Location: Philadelphia
Posts: 18,365
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Marketplace Design Center picks new home at East Market project
Most important part in bold below:
Quote:
The Marketplace Design Center has found a new home in Center City.
The group of designers and showrooms comprising the well-known design center has signed a lease on 48,000 square feet to move into 34 S. 11th St. – the former family court building that is under redevelopment by National Real Estate Development and SSH Real Estate.
This is the building’s first corporate tenant. With the tenant secured, the developers also arranged a $38.5 million construction loan from Wells Fargo to move forward with the project called East Market.
Some of the design center tenants have worked out of 2400 Market St., where they are currently located, for 40 years and had been in search of new space for a while. That property is scheduled to be redeveloped by Lubert-Adler and PMC Property Group.
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http://www.bizjournals.com/philadelp...rket-11th.html
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