In September of 2014, Alliance acquired the former Destination Maternity warehouse on the edge of Philadelphia’s thriving Northern Liberties neighborhood. After the Destination Maternity’s short-term leaseback ended in November of 2015 Alliance focused on a mixed-use leasing plan. Alliance leased the entire 190,000 sf property to three tenants as of March 2017. Yards Brewing Company opened their +/-70,000 sf brewery and tap room in November 2017, the City of Philadelphia Archives will open their +/-70,000 sf facility in early 2018 and Target will open their 50,000 sf “small format” Target in July of 2018.
Alliance redeveloped the former Trinity Corporate Center into ArborRidge: a state of the art, 125,000 sf suburban office campus. Prior to Alliance ownership the Malvern Pennsylvania campus was less than 10% occupied. Alliance leased ArborRidge to 90% occupancy and sold to a private real estate investor in 2016.