6C — August 9 - 22, 2019 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania REMS selected for Live Nation’s Goose Island Brewery and Punchline Philly Colliers facilitates lease for Keystone Shops' First Philadelphiamedical marijuana dispensary

HILADELPHIA, PA — Colliers Interna- tional joined client Keystone Shops for the grand opening of its first Phila- delphia medical marijuana dispensary this week at 300 Packer Ave. in South Philadel- phia. This location will be the company’s third in the region, with additional sites located in Devon and King of Prussia. The site is a creative reuse of a former bank branch – can- nabis product is even stored in the bank’s former vault. Philadelphia has very few dis- pensaries due to the stringent P

300 Packer Ave.

requirements in the law and the restrictions on developing such a business throughout Philadelphia. Keystone Shops

is one of the first to come to market here. Pennsylvania's Medical Marijuana Program makes

© Bergaman KPRS Architects

Punch Line Philly

Goose Island

medical marijuana accessible to patients who are residents of the state, and under a practi- tioner’s care for the treatment one of the qualified serious medical conditions listed in the law. According to the state’s medical marijuana locator there are now four dispensa- ries open within the city limits. In other news, Colliers has been selected to manage two properties within the popular Live Nation entertainment complex of Philadelphia’s Fish- town neighborhood. Goose Island, at 1002 Ca- nal St., is a 12,000 s/f full scale brew house featuring a 20 barrel brewing system and grain delivery system housed in a former dry-ice building married with new construction. There is a bar, restaurant and outdoor event space. Punch Line Philly, at 33 E. Laurel St., is a comedy club, restaurant and bar with outdoor patio. The 300-seat venue regularly showcases top touring comedians as well as private events. “These are prime assets in a great location. Our property management team will work diligently to maintain these standout assets to the highest standard for the enjoyment of all.” said regional managing director Steve Resinski , who will oversee the Colliers team managing the project. Colliers Real Estate Man- agement Services (REMS) will include property manage- ment, building operations, fa- cilities management, lease ad- ministration, accounting and financial reporting, contract management and construc- tion management. Colliers REMS is a national platform dedicated to maximizing as- set value through efficiency, best practices and genuine care for our clients and their tenants. 

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