Temple University has expanded its North Broad Street footprint with a $9.25 million property acquisition. The purchase supports the university’s long-term campus development strategy.

The property is located at 2131 North Broad Street at the corner of Broad Street and Susquehanna Avenue. The acquisition includes a 53,000-square-foot site that extends Temple’s real estate holdings farther north.

Previously occupied by Rite Aid, the property became available after the retailer closed the location during its bankruptcy restructuring in 2024. Today, the building is occupied by ArchWell Health, which will remain a tenant.

Temple acquired the property from North Broad Development Co. As a result, the university continues assembling strategically located assets along the Broad Street corridor.

The purchase aligns with Temple President John Fry’s vision for future campus growth. Earlier this year, the university introduced a long-term development plan identifying multiple redevelopment opportunities surrounding the North Philadelphia campus.

Rather than focusing solely on academic facilities, the strategy emphasizes mixed-use development and stronger neighborhood connectivity. In addition, the plan aims to attract more on-campus residents while increasing pedestrian activity.

Campus safety also remains a central objective. Consequently, Temple continues investing in properties that support a more active and connected campus environment.

North Broad Street has experienced steady investment in recent years. Meanwhile, institutional expansion continues shaping redevelopment throughout the surrounding neighborhood.

The latest acquisition reinforces Temple University’s commitment to long-term growth while supporting future development opportunities across one of Philadelphia’s most prominent corridors.