Philadelphia Stock Exchange Relocates to FMC Tower

Philadelphia Stock Exchange Relocates

 

The Philadelphia Stock Exchange will move their headquarters to the new FMC Tower which is currently under construction at the 2900 block of Walnut Street in University City. Nasdaq is currently located at 1900 Market Street and has been since 1981. At FMC Tower, The Philadelphia Stock Exchange will occupy 75,000 SF. “I am extremely excited that America’s oldest stock exchange has demonstrated its commitment to expanding its workforce in one of the country’s oldest cities,” said Pennsylvania Gov. Tom Wolf, regarding Philadelphia Stock Exchange moving to FMC Tower.

 

Philadelphia Stock Exchange Relocates

Philadelphia Stock Exchange Relocates to FMC Tower

 

FMC Tower is being developed by Brandywine Realty Trust and is in a state designated KOZ Tax Zone. In addition to housing FMC’s headquarters, the tower will also be home to University of Pennsylvania offices, as well as luxury residential apartments in the uppermost floors of the building.  Philadelphia Stock Exchange relocates to FMC Tower sometime within the next twelve months.

 

Previously called PHLX, the market was bough by Nasdaq in 2008 and has progressed under Nasdaq primarily due to the independent tech unit maintained in Philadelphia.

 

For more information, click here.

 

Related: FMC Tower Construction Progress

Related: FMC Tower Construction Photos

Related: FMC Tower Construction Photos

Related: FMC Tower Progress

Katie Craven
Katie Craven is Marketing, Communication and Brand Manager at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.
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