Philadelphia’s Hahnemann University Hospital campus — a teaching and research center that closed before the pandemic — was empty for years, an institution in search of a new role.
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With lots of affordable lab space, one of the North Broad buildings has welcomed its first new tenant, and the new owner promises more to come.
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With the first tenant nearly moved in at Race Street Labs, the owner of the 180,000-square-foot complex carved out of a portion of the former Hahnemann University Hospital is already planning to expand.
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After selling King of Prussia chemical company Purolite for $3.7 billion, the Brodie family is investing in companies it wants to help grow. An example is a Maryland life sciences firm which it invested in and is relocating to Philadelphia.
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Race Street Labs, the newly renovated, purpose-built laboratory facility in Philadelphia, proudly announces the signing of a new lease with Zahav Biosciences, a pioneering biotechnology company.
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The company, which is developing cancer therapies by using DNA sequencing from individual patients, signed a three-year lease on 7,243 square feet.
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New owners of part of the Hahnemann complex hope to tap in to surging demand for research and development laboratories.
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