BROAD & WASHINGTONDEVELOPMENT OPPORTUNITY

8,560 SF of land available for sale at the SE corner of Broad and Washington zoned CMX-3

Neighboring Major Developments

Avenue of Arts Location

South Philadelphia Landmarks

Newly acquired development by

Tower Investments

Lincoln Square(Under Construction) developed by Alterra Property Group, MIS

Capital & KimcoRealty

The Marine Club

Broad & Washington Development Overview | 1

OVERVIEWAvison Young is pleased to offer 1342 Washington Avenue and 1109 S. Broad Street (“Broad and Washington”) in Philadelphia for sale to qualified investors. The offering encompasses two parcels, with 1342 Washington at 6,560 SF and 1109 S. Broad at 2,000 SF, in the South Philadelphia submarket that sit on an intersection that is set to be the home of two forthcoming mega-development projects.

Broad and Washington offers a well-located development opportunity in a section of Philadelphia that is an up and coming millennial hotspot due to the surrounding and planned multifamily projects that will additionally bring a substantial retail component with them.

Both sites, which total 8,560 SF, are zoned CMX-3 which allows for a myriad of permitted uses that fall under community commercial and residential mixed use. The two properties together represent an excellent opportunity for a new owner to create, fulfill, and capitalize on their vision for an overall

site that is perfect for mixed-use residential retail development.

Desirable Mixed-Use LocationPerched around the famed Rock School for Dance Education and with frontage on S. Broad Street and Washington Avenue, the two sites fall around the southeast corner of an intersection that will soon undergo a transformation into a vibrant community of residents and retailers. Both on the northeast corner of Broad and Washington at 1001 S. Broad and on the northwest corner at 1000-20 S. Broad are plans in the works by separate developers for significant development that will turn the two empty lots on both corners into mixed-use communities that will play off one another and attract significant attention to a currently underdeveloped intersection.

With unique positioning wrapping around the southeast corner of Broad and Washington as well as attractive zoning allowing for a variety of permitted uses, both 1342 and 1109 taken together offer several potential layouts encompassing different numbers of multifamily units and commercial space configurations that will maximize the value of this desirable corner along the Avenue of the Arts.

TRAFFIC VOLUME NEAR BROAD AND WASHINGTON

CollectionStreet

CrossStreet

TrafficVolume

Broad St. Federal St. 21,668

Broad St. Bainbridge St. 21,004

Broad St. Washington Ave. 19,888

Broad St. Wharton St. 19,443

Washington Ave. Broad St. 14,619

Washington Ave. S. 11th St. 14,000

Source: ESRI

Rock School of Dance Education

1342 Washington Ave FrontageAdjacent from Lincoln Square

Vacant lot next to offering

Broad & Washington Development Overview | 5

RETAIL TRAFFIC DRIVERSThere are three factors that drive pedestrian traffic through the Broad and Washington intersection and the larger South Philadelphia submarket: tourism, transportation, and education.

Tourism• The South Philadelphia submarket is home to an eclectic

community of more than 400 restaurants, shops, theaters, and cultural destinations that attract a myriad of visitors year-round. Both tourists and residents alike are drawn to the locally-famous South Street Headhouse District, where visitors can find iconic cultural spots like the Magic Gardens or sample world-renowned cheesesteaks from eateries like Jim’s Steaks.

• Art and cultural destinations, exhibits, and events found along the Avenue of the Arts on South Broad annually attract 2.8 million patrons.

Transportation• SEPTA’s Broad Street Line runs through the Broad and

Washington intersection and provides connections to 21 other destinations throughout Philadelphia. The Ellsworth-Federal stop on the Broad Street Line is located just two blocks away from 1109 S. Broad.

Education• Directly on the corner of Broad and Washington, situated

between 1342 Washington and 1109 S. Broad, is The Rock School For Dance Education. This world-famous dance education institution boasts an enrollment of over 1,200 students annually and draws elite international talent to its facilities for rigorous dance and ballet training. The Rock School currently leases a number of units at the Marine Club across the street at 1100 S. Broad for its students.

• Located less than one mile up Broad Street and five minutes away via the Broad Street Line is the selective University of the Arts. A number of students choose to live off-campus in a variety of different local buildings.

The Rock School of Dance Education

The Magic Gardens

Broad & Washington Development Overview | 13

Historic South PhiladelphiaSouth Philadelphia began as a transient community of immigrants and refugees from Italy, Ireland, and a variety of other countries seeking work and a new life in the United States. The 19th and 20th centuries saw South Philadelphia experiencing waves of migrants attracted to the area’s factory and dock work. Quickly, a culturally diverse, industrial-driven market was born. Unique neighborhoods sprung up that blended “Old World” customs with American flair.

South Philadelphia’s upcoming mega-developments at Broad and Washington in conjunction with the currently under construction mixed-use projects are set to increase millennial residency in the market. As such, retailers are gearing up for the upcoming wave of young residents who will look to disperse their disposable income into local and experiential retail locations. Select retailers who have opened or are planning to open locations in South Philadelphia include Wawa, CVS, Black and Decker, and a forthcoming Target that will occupy 36,000 SF at Lincoln Square on the northwest corner of Broad and Washington. Lincoln Square will additionally feature a 16,000 SF Petsmart, a 32,000 SF Sprouts Farmers Market, and push other tenants onto these in-demand corners.

Renderings of Target at Lincoln Square

Rendering of WaWa at South and 22nd Streets

SOUTH PHILADELPHIA’S UPCOMING MEGA-DEVELOPMENTS AT BROAD

AND WASHINGTON IN CONJUNCTION WITH THE CURRENTLY UNDER

CONSTRUCTION MIXED-USE PROJECTS ARE SET TO INCREASE MILLENNIAL

RESIDENCY IN THE MARKET.

| 16Broad & Washington Development Overview

Adam Gillespie, CCIMPrincipalD 610.276.3153C 215.384.6040adam.gillespie@avisonyoung.com

INVESTMENT SALES / CAPITAL MARKETS TEAM

FOR MORE INFORMATION PLEASE CONTACT

James Pasquarella, CCIMSenior Vice PresidentD 610.557.0501C 215.654.3300james.pasquarella@avisonyoung.com

Jose NuñezFinancial AnalystD 610.276.3145C 347.737.2090jose.nunez@avisonyoung.com

©2017 Avison Young - Philadelphia LLC. All rights reserved. The information contained herein is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.

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