Challenge

Lease up an “underdog industrial building” directly across from the Lincoln Financial Field which had been vacant for years, mainly due to its odd shape and partially challenging loading access given its proximity to the sports complex.

Strategy

Colliers came up with a way to divide the space which would attract a use for what had been looked at as the "rear" of the building, and turned it around to allow a non-loading user to enjoy that section's unique feature: directly facing Lincoln Financial Field.

Results

LombarditrophycropColliers secured a combination of tenants for the space. Colliers first focused on securing a tenant for the 66,000 SF "best" section for a warehousing and distribution operation, which subsequently expanded to 83,000 SF. The Museum of Sports tenant signed a 20 year lease for the remaining 20,000 square feet of space in the building with an option to lease another 13,000 SF for future expansion. The museum will celebrate sports nationally, but focus on Philadelphia’s “rich and diverse” sports history.

The museum will feature interactive experiences such as how it feels to:

  • Hit a 100 miles per hour fastball,
  • Ride a bike up the Manayunk wall,
  • Be in a huddle with the Philadelphia Eagles,
  • Row in the Dad Vail Regatta, and
  • Race in the Pocono 500.

Size:

116,000 SF

Team:

Richard Gorodesky

Services Provided:

Tenant & Landlord Representation