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Mid Atlantic Retina Expands With Long-Term Lease At Philadelphia Navy Yard

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LEASED

Pennsylvania

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Office12,679 SF
Leased 07/18/2023
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Property Image
LEASED

Mid Atlantic Retina Expands With Long-Term Lease At Philadelphia Navy Yard

1 Crescent Drive Philadelphia, Pennsylvania 19112, USA

See Similar Deals
Office12,679 SF
Leased 07/18/2023
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:12,679 SF
Transaction Type:Lease

The Philadelphia Navy Yard has become home to Mid Atlantic Retina, a leading retina specialist, thanks to a long-term lease secured with the assistance of Avison Young. With an address at 1 Crescent Drive, this office space offers 12,679 square feet of space for the growing healthcare provider. Situated in the bustling life science sector of Philadelphia, this strategic move aligns with Mid Atlantic Retina's expansion plans into Pennsylvania.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Square Footage: 12,679 SF
  • Address: 1 Crescent Drive
  • Market: Philadelphia

Brokered by Scott Martin of Avison Young, this lease agreement provides Mid Atlantic Retina with the opportunity to expand their presence in a thriving location. Led by Rhonda Ceretelle, Mid Atlantic Retina's decision to establish a foothold in the Philadelphia Navy Yard demonstrates their strategic vision and commitment to serving the life science industry in the area.

Players

Scott Martin
Avison Young
Scott Martin
6 deals$45.2M volume
BROKER
MR
Mid Atlantic Retina
TENANT

Details

LEASED
IMAGE: Scott Martin DATE: 07/18/2023 ADDRESS: 1 Crescent Drive MARKET: Philadelphia ASSET TYPE: Office ~ SF: 12,679 TENANT: Mid Atlantic Retina - Rhonda Ceretelle BROKER: Scott Martin (@ScottianMartin) - Avison Young (@Avison_Young_Global) LEASE TERMS: long-term NOTE: Avison Young has helped Mid Atlantic Retina secure a long-term lease at the Philadelphia Navy Yard, enabling the retina specialist to expand into Pennsylvania. This strategic move aligns with their growth strategy and grants them access to the thriving life science sector in the area.

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Deal Type
Effective Rent (Annual)

$726,752.63

Total Lease Value

$7,267,526.29

Net Landlord Cash Flow$726,752.63