Netrality Data Centers Leases 44000 Square Feet At 401 N Broad St Philadelphia With Christian L. Dyer As Landlord's Rep

The property asset involved in this transaction is located at 401 N Broad St, Philadelphia, PA, 19108. This 11-story building encompasses 44,000 square feet and is designated for life sciences headquarters, including spaces for lab, office and manufacturing uses. The market value is positioned within Philadelphia and is part of a significant investment strategy by the landlord.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not disclosed
• Square Feet: 44,000
• Address: 401 N Broad St, Philadelphia, PA, 19108
• Market: Philadelphia
• Landlord: Netrality Data Centers
• Landlord's Rep: Christian L. Dyer-CBRE
• Tenant: Biomeme
• Tenant's Rep: Not disclosed

The lease negotiations were facilitated by Christian Dyer of CBRE, who represented Netrality Data Centers. The tenant, Biomeme, is a biotechnology firm that will utilize the leased space for its headquarters. Since acquiring the building in 2014, Netrality Data Centers has invested over $50 million in capital improvements to enhance the property.