Longfellow Expands to Philadelphia, Announces Partnership with Penn
Longfellow Real Estate Partners with the University of Pennsylvania to Develop 455,000 sq.ft. Life Sciences Research, Development and Manufacturing Facility
Ground-up life science development at Pennovation Works marks first Philadelphia asset for one of the nation’s leading life science investors
Longfellow Real Estate Partners today announced their strategic partnership with the University of Pennsylvania to plan and develop a ground-up, state-of-the-art life science facility inside the Pennovation Works ecosystem, Penn’s 23-acre innovation incubator adjacent to its Philadelphia campus. Longfellow was awarded the opportunity to develop the project through a competitive RFP process.
The partnership marks the first development in the Philadelphia market for Longfellow Real Estate Partners, the largest privately owned commercial developer of life science buildings in the country with offices in Boston/Cambridge, New York City, San Diego, San Francisco Bay Area, the Research Triangle of North Carolina, and a portfolio that spans nearly 15 million square feet.
The newest development is a 455,000 square foot facility segmented into 387,000 square feet of research and development space and 68,000 square feet of biomanufacturing space. The facility will have rooftop terraces with views of Philadelphia’s skyline and Penn’s campus, as well as access to amenities of the entire Pennovation Works. The new development includes flexible lab/office space allowing for tenants to customize to meet their needs. The project design includes two adjoining six-story buildings and is scheduled to open in Q4 2025.
For full story, visit: https://pennovation.upenn.edu/news/longfellow-real-estate-partners-penn-develop-455000-sq-ft-new-facility