PHILADELPHIA, April 25,
2024 /PRNewswire/ -- Greystar Real Estate Partners,
LLC ("Greystar"), a global leader in the investment, development,
and management of real estate, including rental housing, logistics
and life sciences, announced that Jessup
House, located at 12th and Sansom, and open since November,
is now 50% leased in less than six months.
"Jessup House is in a prime
location and is the gateway for residents to experience all that
Philadelphia has to offer,"
George Hayward, Senior Director of
Development, said. "The best restaurants and nightlife are in the
surrounding community. The building itself incorporates nods to the
area's history while also rising into a tower with a more
contemporary look. We designed Jessup
House to attract people inspired by the energy of the
surrounding neighborhood while also wanting an elevated apartment
living experience."
"We are delighted to collaborate with Greystar in introducing
this distinctive property to one of Philadelphia's most vibrant neighborhoods,"
stated Alasdair Cripps, Chief
Executive Officer of Mesirow Institutional Real Estate Direct
Investments. "The micro market of Center
City Philadelphia is an optimal location for Jessup House given the area's vibrant urban
culture as well as its proximity to major employers including
Thomas Jefferson Hospital."
Jessup House was built to reflect
Philadelphia with an urban yet
expressive design that features a fine-grained brick structure on
the first two floors with an elegant copper-colored tower that
redefines the corner of 12th and Sansom.
Jessup House sits at the
intersection of Midtown Village, the Gayborhood, Market East and
Washington Square. The Walnut-Locust Station on the Broad Street
Line, the 11th Street Station on the Market-Frankford Line and the
13th and Locust PATCO station are all within two blocks providing
access to the Philadelphia Sports Complex to the South, Fishtown to
the North, Old City to the east and West Philly. Closer to the
community are a wide variety of restaurants, piano bars, trivia
nights, street fairs, ice cream parlors and more.
The community's headlining features are its 20th floor amenity
rooftop with 360 views of the city and the integrated
2nd floor co-working space connected by a monumental
staircase to the third floor indoor/outdoor lounge, pool, and
demonstration kitchen. Other amenities include a fully equipped
fitness center, pet spa and dog run, and a game room and sports
simulator.
Floorplans range from studios to one-, two- and three-bedroom
floorplans with penthouses also available. Individual apartment
homes have chef-inspired kitchens with high-end GE appliances and
soft-close cabinets, quartz countertops, kitchen islands, tile
backsplashes, wide-plank flooring, floor-to-ceiling windows,
private balconies and terraces, spa-inspired bathrooms and
stackable washer and dryers.
Jessup House also features 10,000
square feet of dramatic retail space on the corner of 12th and
Sansom that is available for lease. Jacob
Cooper, partner at MSC, is the project's representative.
"Our firm is seeking best-in-class retailers and restaurants
the amenitize this incredible project. The building's central
location in the Midtown Village neighborhood, adjacent to the
Pennsylvania Convention Center,
Jefferson Hospital and City Hall,
will allow tenants to benefit from tremendous
pedestrian traffic and vibrant co-tenancy," Cooper said.
For more information, or to schedule a tour, please visit
LiveJessupHouse.com or call 215-239-6025.
About Greystar
Greystar is a leading, fully integrated global real estate company
offering expertise in property management, investment management,
development, and construction services in institutional-quality
rental housing, logistics, and life sciences sectors. Headquartered
in Charleston, South Carolina,
Greystar manages and operates more than $300
billion of real estate in 249 markets globally with offices
throughout North America,
Europe, South America, and the Asia-Pacific region. Greystar is the largest
operator of apartments in the United
States, manages more than 893,600 units/beds globally, and
has a robust institutional investment management platform comprised
of more than $78 billion of assets
under management, including over $35
billion of development assets. Greystar was founded by
Bob Faith in 1993 to become a
provider of world-class service in the rental residential real
estate business. To learn more, visit www.greystar.com.
About Mesirow
Mesirow is an independent, employee-owned financial services
firm founded in 1937. Headquartered in Chicago, with offices around the world, we
serve clients through a personal, custom approach to reaching
financial goals and acting as a force for social good. With
capabilities spanning Global Investment Management, Capital Markets
& Investment Banking, and Advisory Services, we invest in what
matters: our clients, our communities and our culture. To learn
more, visit mesirow.com, follow us on LinkedIn and
subscribe to Spark, our quarterly newsletter.
Mesirow was recently named one of the Best Places to Work in
Chicago by Crain's Chicago
Business and one of the Top 100 RIA firms by Barron's.
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SOURCE Greystar