Merion Health Partners is continuing its regional growth with the upcoming launch of its eighth urgent care center, set to open later this month at Roosevelt Mall in Northeast Philadelphia. The new facility follows the company’s recent summer opening in Port Richmond, further strengthening its presence across the city. Headquartered in Bala Cynwyd, Merion Health… Read more »
Philadelphia’s medical office sector, long regarded as one of the most stable segments of commercial real estate, is starting to show signs of strain in 2025. After years of outperforming traditional office properties, demand has begun to soften. In 2024, medical office absorption reached 300,000 square feet, but by mid-2025 that momentum reversed sharply, falling… Read more »
Tightly wedged between the University of Pennsylvania and the Schuylkill River, the Children’s Hospital of Philadelphia (CHOP) has long faced a challenge: how to expand in a city with little room to grow. To address the space crunch, CHOP turned to architecture firm Cooper Robertson to craft three master plans aimed at guiding its future… Read more »
A New York real estate developer has submitted a $16.25 million preliminary bid for a group of former Hahnemann University Hospital properties, including two connected patient towers at Broad and Vine streets that total 630,000 square feet and overlook the Vine Street Expressway. Dwight City Group has entered into an agreement of sale for the… Read more »
Penn Medicine broke ground Monday on its planned $224 million Roberts Proton Therapy Center in University City, expected to open in late 2027 at Penn Presbyterian Medical Center. The facility will be Penn Medicine’s fourth proton therapy center, joining locations at the Perelman Center (opened in 2010), Lancaster General Health (2022), and Virtua Voorhees (2023,… Read more »
When the Merion Building in King of Prussia hit the market, Ilya Hvostikov knew it was a must-buy. The vice president of acquisitions at Florida-based Onicx Group, and a Philadelphia local, saw the value in the 71,800-square-foot medical office property at 700 S. Henderson Road. Hvostikov convinced Onicx to buy the building for $11.8 million… Read more »
Penn Medicine has begun construction on a $270 million, 162,000-square-foot outpatient center at 200 DeKalb Pike in Montgomeryville. Scheduled to open in late 2027, the new facility will bridge a geographic gap in Penn’s outpatient network between its Radnor center and newly acquired Doylestown Hospital. The center will offer a wide range of services, including… Read more »
Efforts to sell Crozer Health took several unexpected turns in the past 24 hours, with a new lawsuit quickly withdrawn and news emerging that Penn Medicine is working behind the scenes to help save the struggling health system. These developments follow Crozer’s parent company, Prospect Medical, reporting in U.S. Bankruptcy Court Wednesday that it is… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in Pennsylvania has been appointed the exclusive listing agent for 2285 Schoenersville Road, Bethlehem, PA 18017. The Bethlehem property is available for lease. The property holds +/- 13,416 square feet on the second floor for medical users. Features of 2285 Schoenersville Road 2285… Read more »
Children’s Hospital of Philadelphia receives $50M gift for new South Street research building, now named the Morgan Center for Research and Innovation, in honor of Mitchell L. Morgan, Hilarie L. Morgan, and family. *Article courtesy of Philadelphia Business Journal For more information about Philadelphia medical space for sale or lease or about any other Philadelphia… Read more »
