![37 N 2nd Street](/sites/default/files/2023-08/37%20N%202nd%20Street%202x1.jpg)
Parkway Announces Acquisition in Old City, Philadelphia
![37 N 2nd Street in front of Arden Theatre](/sites/default/files/styles/webp/public/2023-08/37%20N%202nd%20Street%20%26%20Arden%20Theatre%207X4.JPG.webp?itok=O-HFe1KV)
Parkway Announces Acquisition in Old City, Philadelphia
Parkway is pleased to announce the acquisition of a 28-parking-space property in the Old City neighborhood of Philadelphia. This was an exceptional opportunity to acquire a location that is situated near I-95, the Ben Franklin Bridge, Market Street, and the Vine Expressway (I-676). The site is steps from the Arden Theatre, Christ Church, and numerous other attractions in one of the most history-rich neighborhoods in the United States. The prior lot had been cash-only and poorly maintained, and Parkway's Acquisitions team saw the untapped potential of both the site and modernizing the parking operation. We are excited to add another high-quality parking asset to our growing portfolio.
We continue to look for surface parking acquisitions across the country.