The owners of the office building and lot formerly home to a PNC Financial Services Group operations center will be torn down to make room for a warehouse, new permitting indicates.
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Structures at 8800 Tinicum Blvd. will be replaced by a one-story distribution center, a zoning permit shows. The new building will feature two loading spaces, 618 parking spaces and 48 bicycle spaces.
The site's former tenant, PNC, relocated to new offices at 1600 Market St. in April, a spokesman for the firm told Bisnow on Wednesday. He said there were no changes to the workforce as a result of the move.
“We continuously analyze the company's real estate portfolio to ensure the best use of our facilities based on several factors, including building and space condition, overall occupancy and operational needs,” he said, adding the banking operations center had consolidated its footprint at the Eastwick Center and transitioned employees to its regional headquarters at 1600 Market St. and several other locations.
The RMR Group owns 8800 Tinicum. The asset management firm didn't respond to multiple requests for comment.
