Page 33 - About Onyx Equities 5.16.18
P. 33
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 and improve
overall consumer experience.
• construction
Capital improvement efforts
resulted in a 34% jump in
• asset management
occupancy.
CAPITAL
IMPROVEMENTS
• Façade upgrades to former
• Kmart box
• New pylon signage
• Parking field improvements
• Storm water management
improvements
• Roof upgrades
