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Gattuso Development Secures Financing for Largest Life Sciences Research and Lab Project in Philadelphia

JLL Arranges $290 Million Construction Loan for New Facility Partially Preleased to SmartLabs and Drexel University

Designed by Robert A.M. Stern Architects, the 11-story development in Philadelphia's University City will be the largest life sciences research and lab facility in the city. (JLL)<br>
Designed by Robert A.M. Stern Architects, the 11-story development in Philadelphia's University City will be the largest life sciences research and lab facility in the city. (JLL)

Looking to capitalize on Philadelphia’s emergence as a national hub for cell and gene therapy, Gattuso Development and project partner Vigilant Holdings of New York have secured a $290 million construction loan to build an 11-story life science research and lab facility at 3201 Cuthbert Street in the center of Philadelphia’s University City submarket.

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