CBRE has been retained by Brandywine Realty Trust to provide retail advisory and transaction services for its Schuylkill Yards project in Philadelphia. The 14-acre, 6.9 million square foot innovation community is being developed in University City, adjacent to Amtrak's 30th Street Station and Drexel University, the site’s primary ground lessor.
The first phase of the $3.5 billion, multi-year project includes Drexel Square, a 1.3-acre community park at the corner of 30th & Market Streets, opening later this year, and the reimagining of the former Bulletin Building. At full buildout, Schuylkill Yards will be one of the nation's leading large-scale innovation communities, consisting of office, retail, laboratory, residential and hospitality spaces.
CBRE is deploying a regional and national team of experienced retail professionals and placemakers to strategically provide Schuylkill Yards the ground-floor vibrancy that will assure long-term success in creating Philadelphia's "Next Great Neighborhood." Using best practices gleaned from other developments worldwide, it will create an inviting, appealing environment designed to attract many first-in-the-market retail, dining and entertainment operations.
The national and regional team of CBRE professionals involved in the effort include Steven Gartner, Jeffrey Cohen, Lisa Stoddard, Mallory Scaccetti, Todd Caruso and Rija Beares.
Steven Gartner, CBRE's Managing Director of Retail Services, "Brandywine’s Schuylkill Yards will be a world-class development, one of the most prominent and visible in the country. Its location is situated among the finest higher education and medical institutions in the nation, and is adjacent to the region's major transportation hub. We look forward to advising Brandywine and other team members to create a lifestyle environment that is more than just brains and trains. Through thoughtful placemaking, design, and lively ground floor activity, Schuylkill Yards will be a groundbreaking, dynamic, 24-hour community."
About CBRE Group, Inc.:
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.us.
About Schuylkill Yards:
Schuylkill Yards is a $3.5 billion visionary, next-generation, 14-acre, master-planned innovation community, developed by Brandywine Realty Trust on land owned by both Drexel University and Brandywine Realty Trust. The multi-phase, multi-year development will create an integrated urban environment offering a connected community of entrepreneurial spaces, educational facilities, research laboratories, corporate offices, residential and retail spaces, hospitality and cultural venues, and a series of public, open spaces. It is designed to unite Center City with the medical, life science, and educational bedrock of University City by creating a leading hub of innovation, technology, talent, culture, and growth. Learn more atschuylkillyards.com.
About Brandywine Realty Trust:
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), Brandywine Realty Trust owns, develops, leases and manages an urban, town center and transit-oriented portfolio. Brandywine Realty Trust’s deep commitment to their communities was recognized by NAIOP naming Brandywine the 2014 Developer of the Year—the highest honor in the commercial real estate industry. Visit BrandywineRealtyTrust.com to learn more.
