INDUSTRY - Arsenal · a regional rail line, future area bike trails and major roads (I-95 exits...
Transcript of INDUSTRY - Arsenal · a regional rail line, future area bike trails and major roads (I-95 exits...
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TOLOCALINDUSTRY
HOME
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Executive Summary 3About Alliance 4
Location 6 The Campus 8
Our Vision 10Properties 12
Plans & Images 14Tax Advantages 20
Contact 22
Historic Image
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Alliance | HSP has recently acquired six buildings within the historic Frankford Arsenal. The properties are located at 2275 Bridge Street in the Bridesburg neighborhood of Philadelphia, approximately 7.5 miles northeast of Philadelphia’s Center City. The properties total 209,419 square feet of industrial/flex space set among five mid-rise buildings (207,744 sf ) and one single-story building (1,675 sf ). Alliance intends to convert or upgrade these properties into creative office and flex/showroom space. There are over 210 parking spaces exclusively dedicated to the Alliance Arsenal assets, and the property is well located to both public buses, a regional rail line, future area bike trails and major roads (I-95 exits directly at the gate of The Arsenal). We hope you will join us as we revitalize, refortify and reimagine this unique and historic gem.
2275 BRIDGE STREETPHILADELPHIA, PA 19137 209,419 SF
OVER 210 PARKING SPACES
SEPTA BUS/REGIONAL RAIL I-95 BRIDGE STREET EXIT
AT A GLANCE
EXECUTIVE SUMMARYALLIANCE HSP AT THE ARSENAL
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Alliance Partners HSP, LLC (“Alliance”) is a private real estate investmetn and operating company focused on opportunistic and core plus investments in commercial properties located in the Eastern and Central U.S. Alliance is the East Coast operating platform of The Shidler Group, one of the nation’s foremost commercial real estate organizations. The Alliance team combines extensive capital markets experience, real estate operating/development capabilities, and the financial agility and resources of our principals to produce superior risk-adjusted returns on our investments. | VISIT WWW. ALLIANCEHSP.COM
ABOUT USOUR MISSION
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RECENT SUCCESS: SONO In September 2014, Alliance acquired the former Destination Maternity warehouse on the edge of Philadelphia’s thriving Northern Liberties neighborhood. Alliance focused on a mixed-use leasing plan for the site. Ultimately Yards Brewing Company chose to open their 70,000 sf flagship brewery and tap room at SONO in November of 2017 and Target will follow with a 50,000 sf small format store in July of 2018. The result is a transformative development that enlivens a formerly industrial stretch of Spring Garden Street.
ABOUT USOUR SUCCESSES
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ARSENAL OVERVIEW
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OVERV I EW
THE ARSENAL IS A HISTORIC MUNITIONS R&D AND PRODUCTION CAMPUS IN PHILADELPHIA
Today, the Arsenal is being
reimagined by Alliance HSP as
dynamic showroom, creative office,
urban manufacturing and specialty
distribution space just 15 minutes
from Center City
LOCAT ION
Regional Rail
Delaware River
City Hall
Market-Frankford Line
Same distance from City
Hall as the Navy Yard
LOCATION
ARSENAL OVERVIEW
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OVERV I EW
THE ARSENAL IS A HISTORIC MUNITIONS R&D AND PRODUCTION CAMPUS IN PHILADELPHIA
Today, the Arsenal is being
reimagined by Alliance HSP as
dynamic showroom, creative office,
urban manufacturing and specialty
distribution space just 15 minutes
from Center City
LOCAT ION
Regional Rail
Delaware River
City Hall
Market-Frankford Line
Same distance from City
Hall as the Navy Yard
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I-95 Access Ramp
ACCESS
I-95 The major north-south highway on the east coast is less than 0.2 miles from the Property.
Bridesburg Train Station Within 0.3 miles of the Property, the station is served by the Trenton Line, which connects the Property to Center City Philadelphia and northeastern suburbs, as well as to Trenton, New Jersey where an additional connection can be made into NYC.
Bus The Property is also served by two (2) bus stations that connect it to “extended Center City” via the Frankford Transportation Center. The Frankford Transportation center is served by the City’s subway system.
Bridges The Property is near equidistant to two major area bridges providing access to New Jersey: the Tacony Palmyra Bridge (1.23 mi) and the Betsy Ross Bridge (1.3 mi).
MOMENTUM
Shoppes at Wissinoming A $30M, 110,000 SF new retail development under construction 0.3 miles from the Property. It will feature a grocery store, a WaWa convenience store, quick-service restaurants, and a gym.
New Development Entitlements underway for $43M state-of-the-art headquarters and refrigerated distribution hub.
Dietz & Watson The national headquarters of Dietz and Watson, producer of premium meats and artisan cheeses, was recently constructed.
Residential Boom Bridesburg saw the greatest increase in home sales of all Philadelphia neighborhoods in 2017 according to The Philadelphia Inquirer.
AMENITIES
Bridesburg Riverfront Park A design firm was hired in 2017 to head up the final 15 month design phase for this 10-acre park. It will include a great lawn, a stage, a meadow and big sweeping waterfront views and connections to bike trails to the North and South.
North Delaware Bike Trail The Delaware Ave Extension (due by 2020) will ultimately connect the existing K&T Trail and Port Richmond Trails to form a continuous 11 mile recreational trail that stretches down towards Center City.
LOCATIONAREA HIGHLIGHTS
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PIDC WAREHOUSEDEVELOPMENT
DIETZ &WATSON
SEPTA BRIDESBURG STATION(TRENTON LINE)
CAMPUSENTRANCE
GATED CARENTRANCE
GATED VISITORENTRANCE
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WAWA, SHOPRITE, AND BLINK FITNESSIN NEW 110,000 SF SHOPPING CENTER
TACONY ST
BR
IDG
E ST
GATED TRUCKENTRANCE
ALLIANCE HSPBUILDINGS
TACONY - PALMYRA BRIDGE - 1
.2 MILES
1.5 MILES - BETSY ROSS BRIDGE
NORTH
CENTER CITY6.3 MILES
THE ARSENALCAMPUS AERIAL
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Opened in 1816 on 20 acres of land purchased by President James Madison, Frankford Arsenal was the center of U.S. military small-arms ammunition design and development until its closure in 1977.
By the end of the Civil War, the Arsenal employed over 1,000 workers. It served as a major site for the storage of weapons and artillery pieces, a depot for the repair of artillery, cavalry and infantry equipment, repair and cleaning of small arms and harnesses, the manufacture of percussion powder and Minié balls, and the testing of new forms of gunpowder and time fuses. During the Gettysburg Campaign, the Arsenal provided tens of thousands of muskets and vast supplies of ammunition. Among the innovations extensively tested at the Arsenal was the Gatling Gun, an early form of machine gun that saw extensive service in the Indian Wars.
During World War I and II, the arsenal was again busy with supplying the war efforts, providing a major source of jobs and income for the region. At times, employment reached 22,000. The Frankford Arsenal was an entity unto itself. It was a city within a city, containing everything from its own police and fire
departments, buildings and grounds, dining halls, as well as everything from maintenance and motor pool, to a complete medical facility.
From the beginning, The U.S. Army’s Frankford Arsenal was involved in the design and manufacture of munitions. As military weapons became more complex, the Arsenal’s role expanded. From within the world famous Pitman-Dunn Labs located at the Arsenal, scientists and engineers designed and developed everything from basic materials to LASER guided ballistics, all produced entirely in-house from the concept phase to the fielding of the equipment. New portable and imbedded computer applications saw the development of the LASER rangefinder, fielded artillery computational machines (FADAC) and radar systems. During the Vietnam War, experiments in caseless ammunition, far infrared low-light-level technologies, and advanced LASER applications were under development.
The labs were supported by a full range of first-class drafting and machine shops scattered throughout the many buildings of the campus. Everything from milling, to electro-plating, to multi-layer printed circuit board fabrication could be accomplished by “The Shops.” The Optical Lens Design Facility was one of the finest in the country.
As the U.S. military-industrial complex grew, the Arsenal could no longer compete as a manufacturing entity. More and more of its programs were farmed out to industry. The Arsenal’s functions were eventually transferred to the Picatinny Arsenal in New Jersey.
During the presidential campaign of 1976, vice presidential candidate Walter Mondale stood in front of the Frankford Arsenal and promised that it would remain open. The Carter/Mondale ticket won the election but the promise was not fulfilled; the arsenal closed for U.S. government use in 1977.
The northernmost part of the site was assumed by the PA Fish and Boat Commission for use as a boat ramp access and fishing spot on the Delaware River and the southernmost part is currently being used by light-industrial and office users.
In November 2017, Alliance Partners HSP purchased six buildings within the Frankford Arsenal with the intention of revitalizing, refortifying and reimagining them into a one-of-a-kind work environment for today’s innovators on this unique historic campus.
THE ARSENALA UNIQUE HISTORIC CAMPUS
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Open Plan/Creative Office
Urban Manufacturing Specialty Distribution
OUR VISIONTHE FUTURE AT THE ARSENAL
11 340 NORTH 12TH STREETSUITE 421PHILADELPHIA, PA 19107
Arsenal Business CenterPhiladelphia, PA
DESIGN PRESENTATION18 JULY 2018
OUR VISIONEXTERIOR UPGRADES
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BUILDING 201 39,768 SF BUILDING 202 52,182 SF
BUILDING 208 38,622 SF BUILDING 209 38,622 SF BUILDING 210 38,520 SF
BUILDING 101 1,675 SF
THE PROPERTIESBUILDINGS 101, 201, 202, 208, 209, 210
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THE PROPERTIESINTERIOR VIEW
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TENANT AREA12,759 SF
TENANT AREA6,965 SF
TENANT AREA6,965 SF
TENANT AREA13,905 SF
TENANT AREA13,905 SF
TENANT AREA5,300 SF
TENANT AREA5,300 SF
LEVEL 1LEVEL 1
FLOOR PLANS
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TENANT AREA13,685 SF
TENANT AREA4,956 SF
COMMONSPACE
TENANT AREA5,116 SF
TENANT AREA13,905 SF
TENANT AREA13,905 SF
TENANT AREA5,572 SF
TENANT AREA6,472 SF
LEVEL 2LEVEL 2
FLOOR PLANS
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TENANT AREA13,683 SF
TENANT AREA11,452 SF
TENANT AREA4,980 SF
TENANT AREA13,905 SF
TENANT AREA13,905 SF
TENANT AREA6,472 SF
COMMONSPACE
LEVEL 3LEVEL 3
FLOOR PLANS
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TENANT AREA13,905 SF
LEVEL 4LEVEL 4
FLOOR PLANS
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PLAN VIEW
BUILDING 1011,675 SF
73’-5”
22’-
10”
EAST ELEVATION NORTH ELEVATION
WEST ELEVATION SOUTH ELEVATION
WC MECH
BUILDING 101
FLOOR PLANS
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101
202
201
208
209
210
LOADING
LOADING
LOADING
Over 210 Parking Spaces
= PARKING
PARKING
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K E Y S T O N E O P P O R T U N I T Y E X PA N S I O N Z O N E
STATE TAXES
Through credits, waivers and broad-based tax abatements, total taxes on economic activity in zones are significantly reduced. These benefits affect the following taxes:
• Corporate Net Income tax
• Personal Income tax
• Sales and Use tax (purchases consumed and used by the qualified business in the zone)
• Mutual Thrift Institution tax
• Bank and Trust Company Shares tax
• Insurance Premiums tax
LOCAL TAXES• Earned Income/Net Profits tax
• Business Gross Receipts, Business Occupancy, Business Privilege and Mercantile tax
• Sales and Use tax (county/city; purchases exclusively used and consumed by the qualified business in the zone)
• Property tax
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WHAT'S THE CATCH?There is no catch. If you own property in the KOEZ or locate your business in a KOEZ, you will pay little or no business taxes until 12/31/23.
THE ONLY REQUIREMENTS ARE:
• You must be up-to-date in all of your Township and County taxes and in compliance with all State laws and regulations.
• You must file a KOEZ application annually.
If you are presently a Pennsylvania business and relocate to a KOEZ you must...
• Increase employment by 20% in the first year; or
• Invest the equivalent of 10% of the previous year’s gross revenues in capital improvements to the KOEZ Property; or
• Enter into a lease agreement for the property within a KOEZ for a term at least equivalent to the duration of the KOEZ property and with an aggregate payment under the lease at least equivalent to 5% of the gross revenues of that business in the immediately preceding calendar or fiscal year.
FAQ K E Y S T O N E O P P O R T U N I T Y E X PA N S I O N Z O N E
I plan to lease space in a KOEZ? Am I eligible for benefits?Yes, assuming you are certified, you will be eligible for all tax benefits that apply to your operations.
Is there a lot of paperwork and bureaucratic red tape involved?No. This may well be the least bureaucratic program you will ever see. The application is simple.
Does the Sales Tax waiver apply to services such as computer maintenance or equipment repair contracts?Yes, if this work is done in the KOEZ for a KOEZ certified business use.
Since the taxes are abated or waived, do I have to file?Yes. You must continue to file all of your tax forms. See below for how to take the KOEZ credits or abatements on various tax filings
How long does it take to get certified? Normally the process takes less than 60 days. However, in the beginning of each year when all renewal applications come in, the process may take 90 days.
What is exempt from state and local Sales and Use tax?Purchases of taxable property or services, other than motor vehicles, by a qualified KOEZ business may be exempt from state and local Sales and Use Tax. These purchases must be used within a KOEZ location by a qualified business. These items include everything from paper clips to racking and shelving used in the operation of your business at the KOEZ site
For more information, visit...
H T T P S : // B U S I N E S S . P H I L A . G OV/ K OZ- FAQ S /
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ELIZABETH MORROWVice President+1 215 928 [email protected]
RICHARD GORODESKY, SIORSenior Vice President +1 215 928 [email protected]
For Leasing Information Please Contact...:
INA SARGENSenior Vice President+1 610 557 [email protected]