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Proposed Office/Medical/Research Building
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220 N Park Rd., Wyomissing, PA 19610

Proposed 60,000 Sq. Ft. Office/Medical/Research building for lease.

Space Size60,000 SF
Lot Size10.00 Acres
Days on Market204

Property Features for 220 N Park Rd.

General Information

Standard status Active
Size 60,000 SF
Class A
Lot size 10.00 Acres
Property subtype Office

Building Details

Building Size 60,000 SF
Year Built 2021

Spaces For Lease

at 220 N Park Rd. Contact us

220 N. Park Rd. (Proposed Space)

Size
60,000 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency:
Listed By: John Buccinno, SIOR CCIM
Source: Naiglobal
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 8 at 5:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Buccinno, SIOR CCIM

Investment Insights

Based on property information with market context.

Park Place Center in Wyomissing, PA, presents a newly proposed 60,000 sq. ft. building available for lease, suitable for office, medical, or research purposes. This property represents Phase 1 of a multi-phase project situated on a ten-acre site within walking distance of the former VF Outlets, now part of The Knitting Mills, a $100 million mixed-use business and retail campus. The Knitting Mills hosts Tower Health Systems' Admin, IT, and Tech training, occupying 133,000 square feet across two buildings, including the future relocation of C-Suite administrative offices. UGI Energy Services corporate headquarters will occupy 146,324 square feet within the campus, with an expected opening in July 2019. Teleflex Inc.’s medical/lab/R&D/manufacturing facility, scheduled for completion in June 2019, will occupy a 53,000 square foot building directly across from Park Place Center. Drexel University’s College of Medicine and Tower Health plan to open an approximately 150,000 sq ft medical school in the area. The Knitting Mills also includes a VF Outlet Store, Orthopedic Associates surgery and imaging center, and Sly Fox’s brewery and pub. Nearby are Tower Health’s Main Campus, Wyomissing Square apartments (248 units), the Lofts at Narrow, and a Courtyard by Marriott, along with retail corridors on 8th and 6th avenues in West Reading. This submarket has a dense population with 13,625 people within 1 mile, 137,003 within 3 miles and 203,608 within 5 miles, and average household incomes of approximately $70,000. This location is ideal as a regional headquarters.

Key Highlights

  • Newly proposed 60,000 Sq. Ft. Office/Medical/Research building in Wyomissing, PA.
  • Located within The Knitting Mills, a $100 million mixed‑use redevelopment project.
  • Walking distance to The Knitting Mills, home to major tenants like Tower Health Systems and UGI Energy Services.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Building Supply Storage Facility Auto Repair Shop Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,263
Businesses Nearby

Demographics for 19610, PA

16,024
Population
7,327
Households
2.2
Avg Household Size
46
Median Age
54%
College-Educated
98%
High-School Grad
7.1 sq mi
ZIP Area
2,257
Density / Sq Mi
$91,034
Median Household Income
$52,707
Median Earnings
$1,669
Median Rent
$320,100
Median Home Value

Market

Lease Benchmarks for Wyomissing, PA

$18 /SF/Yr
Avg Asking Price
$10–$22 /SF/Yr
Price Range
16,570 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Proposed 60,000 Sq. Ft. Office/Medical/Research building for lease.
Where is this office units located?
The property is located at 220 N Park Rd. Wyomissing, PA.
What are key features of this property?
This property features: Newly proposed **60,000 Sq. Ft. Office/Medical/Research building** in Wyomissing, PA.; Located within The Knitting Mills, a $100 million mixed‑use redevelopment project.; Walking distance to The Knitting Mills, home to major tenants like Tower Health Systems and UGI Energy Services.
More about this property
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