S hopping C enters P ennsylvania F eaturing C entral & W estern PA
M id A tlantic Real Estate Journal — Pennsylvania — August 2023 — 9B
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Agreement raises occupancy in Ensemble Portfolio to 97% Ensemble Investments, LLC brings Mid Atlantic Retina to One Crescent Dr. at the Navy Yard
HILADELPHIA, PA — Mid Atlantic Retina has signed a long-term lease with Ensemble Invest- ments, LLC (Ensemble) at the Navy Yard in Philadelphia. Mid Atlantic Retina, a nation- ally and internationally recog- nized Retina Specialist Surgi- cal practice and the Retina Surgeons of Wills Eye Hospital, will open their newest location in the LEED Platinum certified One Crescent Drive building. Occupancy is anticipated in late Spring of 2024. The Mid Atlantic Retina phy- sicians stated, “Establishing an office in the Navy Yard is a very exciting prospect. Our practice is experiencing tremendous growth around the region, and we have a large patient base in South Philadelphia and South- ern New Jersey. The ease of getting to the office, free park- ing and this beautiful campus made it a perfect fit and we look forward to serving patients here for years to come.” Mid Atlantic Retina offers state of the art care across nearly 20 locations in the P
and native plants. The agreement raises En- semble’s total leased office space at the Navy Yard to 97%. The company is the largest private landlord at the Navy Yard with a portfo- lio that includes life science, hotel and office properties. Ensemble began developing at the Navy Yard in 2012 and today owns and manages a portfolio of more than 1.3M s/f of space on the campus. Navy Yard Philadelphia – Philadelphia’s Newest Waterfront Neighborhood The Navy Yard is home to 150 companies from start up to maturity, with approxi- mately 17,500 employees. The campus boasts six miles of waterfront and 20 acres of greenspace, with free park- ing and a dedicated transit shuttle service. Existing ame- nities include a Courtyard by Marriott, several restaurants and the 5-acre Central Green park which features a walking track, TRX system, ping pong and bocce, and ample outdoor work spaces. MAREJ
world-renowned practice, with a long-term solution,” said Nel- son Way, Director of Leasing & Development, Ensemble. The Navy Yard is located at exits off both I-95 and I-76, the region’s major corridors, and less than 10 minutes from Philadelphia International Airport. The Navy Yard Shuttle Service offers connections to public transportation, includ- ing regional rail and the sub- way. This accessibility and ample free parking have made the Navy Yard a landing spot for many medical groups and corporate users. One Crescent Dr. is the first developer-owned LEED Platinum building in Penn- sylvania. It was designed by world-renowned architect Robert A.M. Stern and built in 2005. Its sustainable design includes natural light in 90% of the building’s floor area as well as energy efficient light- ing, water system and HVAC. The building features a dedi- cated parking lot and faces the 3.5-acre Crescent Park which offers seating, walking paths
One Crescent Drive
region. Mid Atlantic Retina Wills Eye Physicians is a Center of Excellence for Age- Related Macular Degenera- tion and Diabetic Retinopa- thy. Earlier this year, Mid Atlantic Retina was named the lead center of 60 centers for the first pivotal trial for Wet AMD. The practice is joining an established medical cluster in the Navy Yard that includes Jefferson Health, Rothman
Orthopedics, The Vincera In- stitute, Philadelphia Hand and Shoulder, Mast Labs and LabCorp, among others. “Ensemble strives to sup- port the success of medical providers seeking to offer a comfortable and convenient location for their patients at the Navy Yard. There is an influx of medical practices seeking to create a footprint here, and we are thrilled to be able to provide Mid Atlantic Retina, a
NAI Mertz announces expansion of Ann Kids Daycare Center in Philadelphia, and Club 28 Badminton launches new play center in Coatesville, Pennsylvania
SOUTHEASTERN, PA — NAI Mertz completed the following transactions in Southeastern PA: Rick Gordon , VP, complet- ed a sale for Ann Kids, a child daycare center, at 2036 Haines St. in Philadelphia. This is the third Pennsylvania location for the day care center, with the other locations being in Northeast Philadelphia and Oxford Circle. The business offers services for nursery school, preschool and kinder- garten, as well as after school programs and summer camp. “Ann Kids is a repeat cus- tomer of mine, and I was glad to help them find a new loca- tion for their growing busi- ness. The services Ann Kids provides to children through- out the school year and during the summertime are so impor- tant to our communities. I am excited that their business is flourishing, and I look forward
2036 Haines St. in Philadelphia
Rd. in Coatesville. This is the third Pennsylvania location for the company. The landlord is 255 S. Mount Airy Road Partners, LP. “Badminton and table tennis are being increasingly popular sports, which necessitated Club 28’s desire for another location in the state. Their space needs are unique and it took some time and hard work
to their grand opening in the Fall of this year,” said Gordon. 2036 Haines St. is just out- side of Northeast Philadelphia and in close proximity to Rtes. 309 and 611. NAI Mertz’s Joe Stern- berg, senior associate, com- pleted a lease for Club 28 Badminton,a badminton and table tennis play business, located at 255 S. Mount Airy
to find the appropriate facil- ity for them. I look forward to continuing our long-term relationship,” said Sternberg. The owner of Club 28 Bad- minton commented, “We were very fortunate to meet Joe when we took a look at one of his listed commercial proper- ties several years ago. That property would not work for our operation but Joe diligent-
ly kept his eyes open looking for properties that might work for the sport of badminton. We require a super high ceil- ing height and space as close to free span as possible. Joe found the perfect facility and then assisted us in negotiating a lease with favorable terms for our business. We recom- mend Joe for your commercial real estate needs!” MAREJ
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