Historic Quartermaster Campus to Convert to the Quartermaster Science + Technology Park
PHILADELPHIA, January 31, 2023 /PRNewswire/ — shear Partners, Inc. is pleased to announce that real estate company SkyREM announced today that Philadelphia’s historic Quartermaster Site will be converted into the Quartermaster Science + Technology Park. In addition to planned restaurants, a hotel and other amenities, the $250 million mixed-use commercial redevelopment will include wet and dry laboratory space for life science startups and established companies to conduct extensive research and development and bio-manufacturing.
The Quartermaster Science + Technology Park in Philadelphia will include wet and dry laboratory space for life science companies.
“Our vision was to preserve the legacy of this historic Philadelphia landmark built to last and transform it to create a vibrant place where the best and brightest want to innovate, collaborate and work,” said Alex Dembitzer, CEO and Founder, SkyREM, owner of Quartermaster. “As we invest to make a positive impact on the community, the Quartermaster Science + Technology Park will fill the great need for additional high-quality life science space in the Philadelphia area, one of the largest life science clusters in the United States.”
“Quartermaster Science + Technology Park is a transformational project for an area of Philadelphia ripe for redevelopment,” said Vered Nohi, Quartermaster’s Regional Executive Director, New Business Development, SkyREM. “The complex was once a busy trading center where the army innovated, created and provided our armed forces with the finest quality products. It included state-of-the-art laboratories, forward-thinking minds, and a complete supply chain—all in one block. Our park provides incredible talent from South Philadelphia and the Greater Philadelphia region with a much-needed space to discover, collaborate, produce and craft.”
Vered joined the SkyREM team on January 1, 2023. She is an experienced executive in international business development and community building. At Quartermaster, Vered will help lead the remediation project and manage SkyREM’s other regional assets. Vered completed nearly a decade as the leader of the Philadelphia-Israel Chamber of Commerce (PICC) and as the representative of the US-Israel Binational Industrial Research and Development (BIRD) Foundation in Pennsylvania, Delaware and southern New Jersey. It successfully promoted bilateral cooperation in advanced technologies between the region and Israel. Prior to this position, Vered managed marketing, government and community affairs at Diamond State Port Corporation, which owned and operated the Port of Wilmington, Delaware for nearly 14 years. Her international experience was also enriched by serving two years as a Tourism Officer with the Israel Economic Mission and Consulate in Taipei, Taiwan, and with the Israeli Navy. Vered holds a bachelor’s degree in Sociology and East Asian Studies from the Hebrew University.
“Home to leading research institutions, hospitals and large pharmaceutical companies, the Philadelphia area ranks as the fifth largest life sciences cluster in the United States for relevant talent pool, NIH research funding, venture capital, patents and research acreage. Considered one of the leading centers for cell and gene therapy, it represents the latest wave of potential therapies for many diseases. With current life science tenant demand of 1.7 million square feet, Philadelphia should continue to see strong absorption in 2023 and beyond are emerging across the city trying to solve “speed to market,” a common theme for young science companies after receiving funding. Conversions in projects like The Quartermaster Science + Technology Park will play an important role in accommodating this current demand and build the Philadelphia market even further,” said Tim Conrey, senior vice president of Scheer Partners’ Philadelphia office.
Notable campusThe Quartermaster Science + Technology Park campus covers 24 acres with 6 acres of green space creating a park-like environment. The secure campus includes ample on-site parking, a Aldi Supermarket opening in the first quarter of 2023, planned restaurants and a boutique hotel. The campus currently serves as the headquarters for indego Bike Transit, the first sustainable urban mobility solution in Philadelphia, and several other tenants in the health and safety sector. The campus will also include several public green roof spaces powered by renewable energy for social events and networking.
Building equipment of superlativesThe Quartermaster Science + Technology Park campus consists of six buildings totaling one million square feet, including wet and dry research and development laboratories. The open floor plans can serve the different needs of potential tenants. The buildings feature an industrial aesthetic such as large factory windows, exposed ceilings, and polished concrete floors. Most buildings are fully sanitized, with powerful dual-feed performance. The gas and water supply of all buildings is currently being completed. The buildings will also be ENERGY STAR and LEED certified. In addition, SkyREM’s renewable energy subsidiary, SKY Power, is in the planning stages to build a sizable rooftop solar array to produce almost all of the park’s electricity.
Exceptional locationPhiladelphia’s Point Breeze South Philadelphia location provides access to a talented workforce in three states. The campus is conveniently located off I-76, with easy access to I-95 and direct access to public transportation via the SEPTA 7 and G bus routes. The park is only 15 minutes from Philadelphia International Airport and close to the Phillies, Flyers, 76ers and Eagles sports stadiums.
Best-in-class partnerThe Quartermaster is being developed by SkyREM, a real estate investor, owner and developer with a portfolio of properties across the United States. SkyREM has been an active developer in the Philadelphia area for more than 40 years and acquired the Quartermaster site in 2001. SkyREM has assembled a team of world-class leasing partners to lease available life science and retail space.
Scheer Partners, a full-service commercial real estate firm with an office in Philadelphia, is a leader in science and technology leasing in addition to marketing. MPN Realty, a commercial real estate brokerage firm in the greater Philadelphia area, is the retail broker for the campus. SkyREM also works closely with FIFTEEN, an architectural firm with extensive experience in the specific needs of life sciences for research and bio-production.
Lease nowThe Quartermaster Science + Technology Park currently has 500,000 square feet of open space for life science and high technology companies, including availability as small as 1,000 square feet and as large as 250,000 square feet contiguous. Small and young life science companies or large and established life science companies can find suitable space to rent. The park has 200,000 square meters currently occupied by tenants. A further 150,000 square meters of retail space is available for rent.
For more information about the Quartermaster Science + Technology Park, visit www.quartermasterphl.com.
For information on life science and technology leasing, please contact Tim Conrey at [email protected]KJ Kulik on [email protected] or Lou Tonon [email protected] with Scheer Partners, Inc.
For retail leasing information, please contact Nadia Bilynsky at [email protected] or Veronica Blum [email protected] with MPN Realty, Inc.
About SkyREMSkyREM, with offices in New York and Philadelphia, is a vertically integrated real estate investor, owner and developer. SkyREM has amassed a diversified real estate portfolio across the United States. SkyREM takes an opportunistic, value-driven and flexible approach to acquiring real estate assets and developing locations in strategic markets. SkyREM’s growth has been fueled by its longstanding philosophy of creating value by locating underperforming and/or underutilized assets and unlocking their hidden potential.
About Scheer partnersFounded in 1991, Scheer Partners is a full-service commercial real estate firm headquartered in Rockville, Maryland. Focused on the larger Mid-Atlantic region, Scheer Partners’ fully integrated services include tenant and landlord representation; strategic planning advice; facility and construction management; and investment sales, acquisitions and development.
About MPN RealtyMPN is the premier commercial real estate brokerage firm in the greater Philadelphia area, comprised of brokers who work closely with clients worldwide who are buying, selling or leasing commercial real estate. The MPN Leasing team specializes in retail and restaurant leasing in Center City Philadelphia and surrounding areas. In recent years, the team has leased over 1,000,000 SF of retail and restaurant space in the area. We pride ourselves on having a ‘boots on the ground’ approach, allowing for first hand knowledge of the market and who is active in the market.
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SOURCE Scheer Partners, Inc.