530 South 2nd Street, Philadelphia, PA 19147

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire condominium ownership in Abbotts Square (the “Property”), a rare value-add mixed-use investment opportunity in Society Hill, one of Philadelphia’s most prestigious neighborhoods, available individually or as a portfolio. This unique and historic asset combines 56,670 SF of commercial space, a 79,690 SF parking garage with 203 spaces, and multifamily residential in a single, diversified investment.

Abbotts Square was constructed as an urban revitalization project aimed to serve and connect the affluent communities of Society Hill, Queen Village, and the iconic South Street Corridor. The site was formerly home to Abbotts Dairies, a Philadelphia staple and beloved ice cream factory founded in 1876 and operating until its closure in 1980.

The commercial component of the asset presents a compelling value-add opportunity with current occupancy at 33.4% across nine tenants and a 6.1 year weighted average lease term. Given submarket retail vacancy at historic lows, investors can execute strategic lease-up strategy and capture substantial upside in one of Philadelphia’s most sought-after retail corridors. The parking garage is currently managed by Target Park USA, which has a gross rental obligation of $732,000 annually under an agreement that runs through September 2028. However, a new owner has the option to immediately terminate this agreement, creating a clear path to unlock a projected 8% increase in the garage’s total Net Operating Income by either transitioning to self-management or securing a new market-rate operator. The Property also features three residential units

and 7,170 SF of office space, providing additional income streams and enhancing overall investment stability through a true mixed-use configuration.

Abbotts Square occupies a premier position in Society Hill, Philadelphia’s most historic and architecturally distinguished neighborhood. Bordered by the Delaware River waterfront to the east and Washington Square to the west, Society Hill represents the city’s colonial heritage with its preserved 18th-century townhomes and cobblestone streets. The neighborhood has evolved into one of Philadelphia’s most affluent residential enclaves, commanding premium rents and attracting high-income professionals drawn to its walkable urban fabric, proximity to Center City’s employment hubs, and access to world-class cultural institutions including Independence Hall and the Liberty Bell. With average household incomes exceeding $178,000 and 25% of nearby residents earning over $200,000 annually, Society Hill delivers an exceptionally affluent customer base with minimal price sensitivity and enduring long-term fundamentals.