Drexel University has leased 186,000 square feet at Three Parkway (1601 Cherry, the ruddy ExcelleRx and ex-Reliance Insurance/Pennwalt high-rise headquarters) for its Nursing and Medicine schools.
As part of the move, academic and admin offices of Drexel's College of Nursing and Health Professions will move from the Bellet building, 1501 Race St., into five stories of the 20-story Three Parkway tower. The medical school will take over the Bellet space.
The new Three Parkway will include offices and two floors of classroom, clinical and research space for physical therapy programs, including an exercize room and art and music therapy rooms; and a Pediatrics & Musculoskeletal Research Center lab, says Drexel's Niki Gianakaris.
Newmark Grubb Knight Frank (NGKF)'s James Egan and Jeff Tertel found the space for Drexel, which operates the former Hahnemann medical school and teaching hospital nearby. L
Like the U of Penn and Children's Hospital of Philadelphia (CHoP), Drexel is based in University City but has lately been expanding into Center City, where office rents are cheaper, instead of displacing residential neighborhoods next door in West Philadelphia.