Page 37 - About Onyx Equities 6.5.18
P. 37

Penrose Plaza, Philadelphia











             2900-3000 Island Ave.

             Philadelphia, PA

             255,969 SQ.FT.
             Acquired: 2015


               Onyx acquired this under-
             performing asset in one of
             South Philadelphia’s most
             densely populated and
             heavily traveled corridors.
             The challenge was to breathe
             life into the former Kmart box,
             improve tenant diversification
  • construction
             and improve overall
             consumer experience. Capital
  • asset management
             improvement efforts resulted
             in a 34% jump in occupancy.



             CAPITAL
             IMPROVEMENTS

             • Façade upgrades to former
             • Kmart box
             • New pylon signage
             • Parking field improvements
             • Storm water management
                improvements
             • Roof upgrades
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