Eight-story, 141,000 square feet mixed-use Medical Office Building, university lab, and data center in Philadelphia’s cell & gene therapy biotech cluster. Built in 2000, 3701 Market Street currently accommodates Penn Medicine, lab facilities for Drexel University, and a data center operator. The building is in the University City submarket – Philadelphia’s leading life sciences cluster.

Investment Details

  • Investment Dates: June 2021
  • Status: Active
  • GI Role: Investor, Operator, and Developer for lab conversion opportunities

Investment Thesis

  • Income from existing tenants and upside via selected lab conversion and mark-to-market rental increases


Philadelphia, PA