PHILADELPHIA-The 607,471-square-foot One Franklin Plaza tower – former home of GlaxoSmithKline - is on the market.
Newmark Grubb Knight Frank is promoting the 24-story building as a prime Center City site for development as a hotel, apartments or mixed uses.
“This is a unique opportunity to introduce mixed-use on a very large scale, essentially creating a destination development at the gateway to Center City Philadelphia,” said Michael Margolis of NGKF. Margolis, David Dolan and Brett Segal of NGKF's Capital Markets Group are brokering the property in concert with local market specialists Wayne Fisher and Craig Scheuerle.
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