AthenianRazak, a Philadelphia-based real estate services firm, is serving as the Philadelphia 76ers Development Manager for their new state-of-the-art Training Center to be located along the Camden Waterfront in New Jersey. AthenianRazak has been working with the Sixers on site selection and the real estate development process since early 2013. The facility is targeted for 2016 completion.
“A state-of-the-art practice facility has been a priority for Josh Harris and our ownership group since their arrival,” said Sixers Chief Executive Officer Scott O’Neil. “Selecting to locate our new facility along the Camden Waterfront reinforces the commitment they are making to the 76ers and the Greater Philadelphia region. AthenianRazak’s real estate creativity and management expertise are key to helping us realize that vision.”
The Training Center’s size and scope will be unmatched in the NBA, featuring practice courts, locker rooms, weight and exercise rooms, team medical facilities, audiovisual processing and theater areas as well as office space for the Sixers basketball operations and coaching staffs. In addition, the Sixers will locate their corporate offices in a building adjacent to the Training Center. While final details are still in design, the complex is estimated to be approximately 120,000 square feet.
Serving as the Development Manager, AthenianRazak has helped with securing financing sources, including an incentive package from the New Jersey Economic Development Authority, which paves the way for the Sixers to build the largest and most advanced facility in the league.
AthenianRazak leads the development process, assembling the design professionals, contractors and other team members required to execute a complex project like the Training Center. AthenianRazak is also responsible for obtaining required approvals and permits, managing cash flow during development, overseeing the management of the construction process and helping the Sixers prepare the facility for efficient operation.
ABOUT THE PHILADELPHIA 76ERS:
The Philadelphia 76ers are one of the elite franchises in the National Basketball Association and are owned by an investor syndicate led by prominent financier Joshua Harris. The Sixers play home games in Philadelphia’s Wells Fargo Center. For more information, please visit www.sixers.com.
AthenianRazak is a Philadelphia-based real estate services company that supports institutions, corporations and investors in the development and management of real estate. The company offers guidance and solutions on a range of property issues including all phases of development; data center construction, consulting, and operations management; property management; receiverships; and historic redevelopment. For more information, visit www.athenianrazak.com.
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Donna Katz, 215-806-4594
Sixers Public Relations