Center City restaurant, cafe and live-music venue Milkboy
has a new landlord: Thomas Jefferson University Hospitals.
The health-care network purchased the 1100 Chestnut St.
building occupied by the popular spot last week for $2.1 million, according to
Tom Lussenhop, president of Philadelphia developer U3 Ventures, which sold the
property.
A U3 affiliate bought the two-story, 3,330-square-foot
building in 2007 for $2 million, according to records filed with the city.
Jefferson spokeswoman Jacqueline Kozloski did not
immediately respond to a message asking about its plans for the property.
Brendan Flynn, the Flynn Co. broker who listed the
property, said in a LinkedIn post concerning the sale that the Center City
commercial zoning had generated buyer interest. Such zoning could permit higher
construction.
Milkboy has 15 years remaining on its lease at the
building, co-owner Bill Hanson said.
The property is at the east end of a block in which
Brickstone Cos. is building a large mixed-use project anchored by a Target
store and a smaller office building-restaurant development.
Source: Philly.com
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