The Philadelphia 76ers’ new practice facility and headquarters in Camden — Courtesy: Philadelphia 76ers
The Philadelphia 76ers have unveiled their new state-of-the-art, 125,000-square-foot practice facility near the Camden waterfront.
The NBA team hosted a ribbon-cutting ceremony on Friday to mark the completion of the project, which is seen as a key piece of the state’s effort to revitalize the South Jersey city. Along with two regulation-size basketball courts, new locker rooms and other facilities, the building is slated to house the 76ers’ corporate offices starting early next year.
The club has relocated to Camden from a rented space at the Philadelphia College of Osteopathic Medicine, with the help of a 10-year, $82 million Grow New Jersey tax credit from the state Economic Development Authority.
For more, see Friday’s story by NJBIZ.
More New Jersey real estate headlines
Harrah’s spending $30M on Atlantic City hotel renovations (The Press of Atlantic City)
Meadowlands track owner still hopes voters will approve North Jersey casino measure (The Record)
PSE&G to build data center on Route 22 in Bridgewater (MyCentralJersey.com)
The reval, revived: City will restart politically sticky property reassessments (Hudson Reporter)
Burlington store opens in Garfield (The Record)
Editor’s note: The Rundown is a regular feature by Real Estate NJ in which we recap commercial real estate stories and headlines from across the state.