Summary
3151 Market Street is a recently completed, 495,000-square-foot, 12-story laboratory and office building located within Schuylkill Yards — a 14-acre mixed-use, transit-oriented development in Philadelphia’s University City submarket. The property sits at the heart of the region’s growing life sciences and technology ecosystem, offering next-generation space designed for flexibility, sustainability, and high-performance use. The building features state-of-the-art laboratory and office space complemented by best-in-class amenities.
C-PACE Opportunity
NGC provided $87.3 million in C-PACE financing, including $30 million of capital reserved for future tenants. By utilizing C-PACE financing to recapitalize energy efficiency measures post-completion, the Sponsor, Brandywine Realty Trust, preserved liquidity while supporting sustainable building development. This transaction demonstrates C-PACE’s flexibility in working with diverse financing partners and its ability to provide innovative capital structures across various project types and asset classes.
