Proposed Wyomissing Office/Medical/Research
For Lease
Contact for pricing
220 N Park Rd., Wyomissing, PA 19610
Proposed 60,000 SF office/medical/research building for lease in Wyomissing, PA.
Space Size60,000 SF
Lot Size10.00 Acres
Days on Market206
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.
220 N. Park Rd. (Proposed Space)
Size
60,000 SF
Term
Negotiable
Rate
Contact for pricing
Listed By:
John Buccinno, SIOR CCIM
(610) 370-8508
Source:
Naikeystone
Added: Apr 1
Changed: Oct 15
Last Checked: Oct 23 at 4:10AM
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
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Investment Insights
Based on property information with market context.
A newly proposed 60,000 square foot office, medical, and research building is available for lease at Park Place Center in Wyomissing, PA. This property represents Phase 1 of a multi-phase project within a ten-acre site. The location is within walking distance 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 newest medical, lab, R&D, and 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 square foot 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. The surrounding area includes 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. The submarket has a dense population with 13,625 people within 1 mile, 137,003 people within 3 miles, and 203,608 people within 5 miles, with average household incomes of approximately $70,000. This location is suitable for regional headquarters.
Key Highlights
- New 60,000 Sq. Ft. Office/Medical/Research building, Phase 1 of multi‑phase project.
- Located within Park Place Center, a ten‑acre site in Wyomissing, PA.
- Walking distance to The Knitting Mills, a $100 million mixed‑use redevelopment.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,437
Businesses Nearby
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Business Placement
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
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Market
Lease Benchmarks for Wyomissing, PA
$14.69 /SF/Yr
Avg Asking Price
$8.75–$22 /SF/Yr
Price Range
23,126 SF
Avg Space Size
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Proposed 60,000 SF office/medical/research building for lease in Wyomissing, PA.
Where is this office building located?
The property is located at 220 N Park Rd. Wyomissing, PA.
What are key features of this property?
This property features: New 60,000 Sq. Ft. Office/Medical/Research building, Phase 1 of multi‑phase project.; Located within Park Place Center, a ten‑acre site in Wyomissing, PA.; Walking distance to The Knitting Mills, a $100 million mixed‑use redevelopment.
