Spectrum Health Services Inc. has paid $9.43 million for a 43,847-square-foot building on South 33rd Street in Philadelphia that it has been a tenant in for years.

The building at 1325-49 S. 33rd St. was sold by Hero House Holdco LP, a Bala Cynwyd entity that acquired the property in 2015 from the School District of Philadelphia for $1 million, according to Philadelphia property records. The building dates back to around 1924. 

When Hero House Holdco bought the property, it undertook a gut renovation of the building and then leased it out to a series of nonprofit tenants, among them Spectrum Health, that serve the neighborhood. The building was fully occupied at the time of the most recent transaction. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.