PACT Recognizes Technology, Healthcare and Life Sciences Innovation and Leaders in the Philadelphia Region at the 2021 Enterprise Awards

Philadelphia, PA., June 30, 2021 PACT, the Philadelphia Alliance for Capital and Technologies, culminated two days celebrating the Philadelphia region’s technology, healthcare and life sciences innovators and leaders tonight at the 2021 PACT Enterprise Awards. Following the region’s first, large-scale gathering post-pandemic, the virtual event recognized 27 outstanding individuals and organizations through nine competitive categories. Josh Kopelman was recognized during Tuesday’s in-person event as the Legend Award Honoree, an award presented annually to an individual who has actively supported technology and innovation in the region through leadership and exemplary work.

“As the leading association for technology and life sciences in the Philadelphia region, PACT is incredibly proud to welcome the community back to celebrate the local investors, entrepreneurs and businesses who are transforming life sciences, healthcare and technology and their related fields worldwide,” said Dianne Strunk, Vice President, PACT. “The Enterprise Awards have a long history of recognizing those making a tremendous impact, and it’s my honor to congratulate each of them on their success.”

Introducing the 2021 PACT Enterprise Awards winners:

  • Healthcare Innovator: NeuroFlow – Philadelphia, PA
  • Life Sciences & Healthcare CEO: Maria Maccecchini, Annovis Bio – Berwyn, PA
  • Life Sciences & Healthcare Emerging: Incyte – Wilmington, DE
  • Life Sciences & Healthcare Startup: Envara Health, Inc. – Malvern, PA
  • Technology Company: Suvoda – Conshohocken, PA
  • Technology CEO: Larry Berran, iPipeline – Exton, PA
  • Technology Emerging: Greenphire – King of Prussia, PA
  • Technology Startup: CrossBeam – Philadelphia, PA
  • Investment Deal: Vertex – King of Prussia, PA

In addition to the competitive award categories, PACT recognized Josh Kopelman, Founding Partner of First Round Capital as the Legend Award Honoree, during the in-person celebration event the prior evening.

Josh has consistently ranked in the top 20 of Forbes annual “Midas List” of the top 100 tech investors. Before becoming a venture capitalist, Josh founded three companies: In 1992 Josh co-founded Infonautics Corporation – taking it public in 1996. Josh co-founded Half.com in 1999 and led the company through its acquisition by eBay. And in 2003 Josh helped to found TurnTide, an anti-spam company that was acquired by Symantec. Josh is an inventor on over a dozen U.S. Patents for his work in Internet technology. On a local level, Josh also serves as Chairman of the Board for The Philadelphia Inquirer, LLC and is a member of the board of directors of the Ed Snider Youth Hockey Foundation.

The full 2021 Enterprise Awards Broadcast can be found on our YouTube Channel by clicking HERE

 

About Philadelphia Alliance for Capital and Technologies (PACT) 

PACT’s vision is to be the go-to resource for fast growing companies, and a driver of entrepreneurship and innovation in the Philadelphia region. PACT provides its members with valuable content and connections to capital, coaching, and customers that will accelerate their growth and success, and to collaborate with other organizations to drive innovation and entrepreneurship in the region. www.philadelphiapact.com.

 

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Newmark Arranges Three Industrial Sales to Velocity Venture Partners LLC in PA

Philadelphia, PA (June 9, 2021)Newmark Real Estate (Newmark) announces 70,000-square-feet of real estate transactions totaling $5.325 million in Hatfield and King of Prussia, Pennsylvania. The transactions include the acquisitions of: a 27,500-square-foot flex building on 2.83 acres at 1111 North Broad Street and a 15,200-square-foot flex/industrial building at 1910 North Penn Road, both in Hatfield; and a 27,000-square-foot flex/industrial building at 451 Yerkes Road in King of Prussia. The transactions represented a combination of single- and multi-tenant, income producing assets with upcoming vacancies in 2022.

All three properties were acquired by Velocity Venture Partners LLC (Velocity), headquartered in Bala Cynwyd, and arranged by Newmark Managing Director Justin Bell. Mr. Bell said, “These were off-market transactions with significant complexities, and we appreciate Velocity’s ability to navigate each and reach the finish line.”

Tony Grelli, Founding Partner at Velocity Venture Partners added, “Velocity is excited to acquire three quality industrial assets that provide value-add growth opportunities for our expanding Montgomery County, Pennsylvania portfolio, which is nearing 2.5 million square feet.” According to Zach Moore, Grelli’s Founding Partner at Velocity, “Our very first acquisition–a 10,000-square-foot flex building–sits just a few miles down the road from these Hatfield sites, and we are thankful to Justin and Newmark for helping us grow our footprint in Hatfield and throughout the Greater Philadelphia Market.”

451 Yerkes Road offers 10,000 square feet of flex/warehouse space that is available October 1, 2021, and 1111 North Broad Street offers 27,000 square feet of warehouse and showroom/flex space that is available April 1, 2022. Newmark will be handling the leasing assignments for both properties.

According to Newmark Research, the Montgomery County submarket has been a significant beneficiary of accelerating industrial activity across Southeastern Pennsylvania. Tenant demand from a diverse group of industrial occupiers has trimmed vacancy in Montgomery County’s inventory by 60 basis points over the past year, to 6.7 percent in the first quarter of 2021. In turn, tightening market conditions drove rent growth of 31.0 percent over the same period, and new development has broken ground to meet occupier needs for space.

 

About Velocity Venture Partners LLC

Velocity Venture Partners is a leading developer of industrial real estate throughout New Jersey and Pennsylvania. The firm devotes its time exclusively to distribution, fulfillment and manufacturing style assets that are located close to densely populated suburban corridors and major transportation arteries. The team currently owns and operates 4,500,000+ SF of industrial space throughout the region – a portfolio comprising 150 tenants and 40 properties. Velocity was founded by Gloucester County-native Tony Grelli and Montgomery County-native Zach Moore.   www.velocityinv.com.

 

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, Newmark generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow @newmark.

 

Discussion of Forward-Looking Statements about Newmark

Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.