37 N 2nd Street

Parkway Announces Acquisition in Old City, Philadelphia

July 07, 2023
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37 N 2nd Street in front of Arden Theatre

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.