Real Estate Journal — Southeastern Pennsylvania — October 13 - 26, 2017 — 7C
M id A tlantic
S outheastern P ennsylvania Pennsylvania State Police finds new home in a National Historic Landmark
JLL brokers lease at 2800 S. 20th St. in Philadelphia
HILADELPHIA, PA — The Pennsylvania State Police has been announced as the newest office tenant of The Quartermaster, a modernized historic land- mark at 2800 S. 20th St. in Philadelphia. The lease was brokered by JLL , the leasing agent for Sky Management Services’ secure six-building campus which comprises one million s/f of space on 23 acres. With a rich history, the Philadelphia Quartermaster Depot was added to the United States National Register of Historic Places in 2010, thanks to an application by Sky Man- agement. Originally founded as the Schuylkill Arsenal in 1799, it operated for nearly 200 years, supporting the US military by making clothing and flags and supplies. Today, Sky Management Services’ social impact mission is to revitalize the landmark by bringing new life to the com- mercial real estate property, and providing opportunity for those who occupy it. “JLL is proud to represent Sky Management Services, LLC because of their dedica- tion to both The Quartermas- ter and its surrounding com- munity” said Joshua Sloan , JLL managing director and the lead broker on the deal. “Sky has made significant investments in transforming this historic landmark, and the resulting appeal is only reinforced by validation from the Pennsylvania State Police, as they join the US General Services Administration and the City of Philadelphia's Delaware Valley Intelligence Center at The Quartermas- ter.” Sloan worked with JLL’s Alex Breitmayer, David Healy and Anthony LiVec- chi to broker the lease. Marked by its iconic clock tower, large factory windows, and exposed ceilings, the his- toric building has undergone incredible modernization in re- cent years. With $35 million in infrastructure and technology improvements already com- pleted, the industrial chic as- set is undergoing a continued multimillion dollar upgrade. Additionally, the space occu- pied by the State Police was custom designed and built for their use by Sky Management. “With the arrival of the State Police, we are proud to host all branches of government P
Delaware Valley Intelligence Center (DVIC) and the U.S. Department of Labor’s Region- al Job Corps Training Center; the Quartermaster’s flexible floor plans are particularly well-suited to Federal, State, and City government agen- cies, in addition to education, institutional, technology, and healthcare organizations. Additionally, the Quarter- master boasts incredible ac- cessibility, located within five minutes of I-95 and seven minutes of Center City Phila- delphia. The location also of- fers direct access to I-76 and a SEPTA bus stop. n
in important public safety and job training programs, which are part of Sky’s focus on responsible, sustainable investing that produces a sub- stantial public and community benefit,” said Alex Dembitzer, founder and Chairman of Sky Management. “The historically significant Quartermaster is being redeveloped in the most sustainable and environmen- tally friendly manner pos- sible, providing a significant advantage compared to other properties and locations.” The State Police will join current tenants including the City of Philadelphia’s
2800 S. 20th St.
CAPSTAN our strength. your tax savings.
You know how to close a deal.
Capstan knows how to accelerate depreciation and maximize tax savings. Expertise in Tangible Property Regulations. A proven track record in Cost Segregation Studies. A true partner to the commercial real estate industry.
We’ll shake on that.
Made with FlippingBook - Online Brochure Maker