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National  + Pennsylvania  + Opportunity Zones  | 

Silverstein, Cantor Fitzgerald Partner on Philly Life Sciences Project

Manhattan-based Silverstein Properties and Cantor Fitzgerald are partnering with University Place Associates (UPA), a sustainable commercial development firm based in Philadelphia, to develop, operate and lease 3.0 University Place, a life sciences-enabled building located in Philadelphia’s rapidly growing submarket of University City. Slated to open in the first quarter of 2022, the 250,000-square-foot 3.0 University Place is located in a Qualified Opportunity Zone.

“With more life science companies locating in Philadelphia, this project will greatly impact the industry’s growth in the city,” said Larry A. Silverstein, Chairman of Silverstein Properties. “This partnership offers us an opportunity to impact thousands of lives in a positive way in Philadelphia.”

UPA CEO Scott Mazo said, “With ‘The Wistar Institute’ as one of our lead tenants, 3.0 University Place will be a critical hub for collaborations that support the biomedical research that is solving the most challenging problems in cancer, infectious diseases and vaccine research.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

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