PHILADELPHIA, PA — As 3.0 University Place nears completion, interest in the first floor retail space is gaining momentum following Fulton Bank’s decision to lease 2,250 sq. ft. in the life sciences showcase building.
“Fulton Bank is one of the premier community banking organizations in the Mid-Atlantic region and their decision to join us at 3.0 is already attracting other retail partners,” said Scott Mazo, developer for 3.0 University Place and CEO of University Place Associates. “We are in the enviable position of selecting from a pool of outstanding retail partners to complete the retail fit-out. These discussions are moving quickly and we expect to have announcements regarding additional tenants in the near future.”
“Our objective from the start was to build the most technologically and sustainably advanced life sciences campus in the country,” said Anthony Maher, President of University Place Associates. “We have a prime University City location in one of the hottest life sciences markets in the country and we are on track to achieve LEED and WELL Platinum certifications to create the healthiest lab, office and retail space in the United States.”
“We’re excited to be opening another financial center here in Philadelphia, which will allow us to engage with the local community in this vibrant neighborhood,” said Curt Myers, Fulton Financial Corporation Chairman and Chief Executive Officer. “This is an important part of our strategic growth plan and we are delighted to partner with University Place Associates on this project.”
“As we look for locations to expand, proximity to both commercial and residential areas is a top priority,” said Terry Cain, Senior Vice President, Corporate Real Estate at Fulton Bank. “3.0 University Place provides a location that is close to the University City and West Philadelphia communities in a world-class lab and office space.”
“With every Fulton Bank project, we try to take advantage of the unique features the building has to offer and integrate them into the design of the new space.” said Rosemary Espanol, president of IEI Group, a local architecture and design firm that has been working with Fulton Bank on its financial center fit-outs for the last 15 years. At 3.0 University Place, the inclusion of LEED principles presented the opportunity for 17-foot-high glazing and an angled ceiling at the entrance to flood the teller area with natural light and enhance the banking experience.
“We’re excited that our project is nearing completion, thanks to our amazing partners, including the McDonald Dale Strategic Alliance [a partnership of building and construction management companies and contractors] and The Sheward Partnership, our building designer, ” said Mazo. “They have played a major role in keeping this project on schedule along with many other suppliers and their teams.”
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