Spaces For Lease

at 1601-1645 Cherry St Contact us

Three Parkway

Floor

4

Size

27,520 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, Now

Sublease

No

- 3 Parkway provides the best of both worlds in terms of easy - Access. Via car from... I-676 which has an entrance 3 blocks away and with affordable parking 1 block away at the Sheridan Hotel, and the Suburban Station Concourse with an entrance 1 block away. This prime location has all the necessary ingredients for attracting and retaining talent. - High profile location near Logan Circle on Benjamin Franklin Parkway - Unobstructed panoramic views - Quick access to public transportation, area amenities and parking - Highly efficient floor plates with excellent ratio of perimeter to interior space - Annually awarded an Energy Star since 2008 - Major renovations include: full lobby update, tenant lounge, new common corridors and bathrooms

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Listing Agency: JLL | Philadelphia Show Phone

Listed By: Alex Breitmayer · License #RS319028 Show Phone

Source: Moodyscre

Added: Dec 10, 2021 Changed: Sep 10 Last Checked: Sep 14 at 6:14AM

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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 JLL | Philadelphia

Investment Insights

Based on property information with market context.

3 Parkway (1601–1645 Cherry St) is a multi-tenant office building offering highly efficient floor plates with an excellent ratio of perimeter to interior space. The property has undergone major renovations, including a full lobby update, new common corridors and bathrooms, and a tenant lounge.

The building is positioned for convenient access by car via I-676, with an entrance about three blocks away. Parking is described as available about one block away at the Sheridan Hotel, and public transportation access is noted through the Suburban Station Concourse with an entrance one block away. The location is also described as near Logan Circle on Benjamin Franklin Parkway.

The property is described as having unobstructed panoramic views and has been annually awarded Energy Star status since 2008.

Key Highlights

• High‑profile office building near Logan Circle on Benjamin Franklin Parkway with unobstructed panoramic views
• Efficient floor plates with an excellent perimeter‑to‑interior space ratio
• Energy Star annually since 2008

Property Analytics

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Current Use

Thermo Fisher Scientific Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Home Appliance Store Butcher Pet Grooming Service

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

Yes

Highway access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

24,727

Businesses Nearby

Explore this area Business Placement

Demographics for 19102, PA

7,568

Population

4,606

Households

1.6

Avg Household Size

32

Median Age

87%

College-Educated

98%

High-School Grad

0.2 sq mi

ZIP Area

37,840

Density / Sq Mi

$114,844

Median Household Income

$79,552

Median Earnings

$2,249

Median Rent

$412,200

Median Home Value

Market

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019

14.1% 2020

16.2% 2021

19% 2022

20.5% 2023

19.6% 2024

19.7% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Office building featuring unobstructed panoramic views and efficient floor plates with renovated common areas.

Where is this office building located?

The property is located at 1601-1645 Cherry St Philadelphia, PA.

What are key features of this property?

This property features: High‑profile office building near Logan Circle on Benjamin Franklin Parkway with unobstructed panoramic views; Efficient floor plates with an excellent perimeter‑to‑interior space ratio; Energy Star annually since 2008