Posts Categorized: Philly Medical Space

Local Real Estate Family Gifts $50M to CHOP for New Research Tower

Local Real Estate Family Gifts $50M to CHOP for New Research Tower

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 »

Penn Medicine Acquires Montgomeryville Site for $7.5M

Penn Medicine Acquires Montgomeryville Site for $7.5M, Proposing Construction of an Outpatient Care Center

Penn Medicine recently finalized the acquisition of a 12-acre plot in Montgomery County for the development of a state-of-the-art multi-specialty outpatient care center. The purchased land, situated at 200 Dekalb Pike, amid Welsh and Knapp roads within Montgomeryville’s boundaries in Montgomery Township, was procured from HRD Investments LLC, according to county property records. Previous presentations… Read more »

Rothman Orthopedics to Consolidate and Relocate Center City Headquarters

Rothman Orthopaedics to Consolidate and Relocate Center City Headquarters

Rothman Orthopedic Institute is consolidating its Center City presence and relocating its headquarters one block east on Chestnut Street. The move will put administrative offices and clinical space under one roof, with a total of about 68,000 square feet all at 833 Chestnut St. Rothman expects to make the move in spring 2024. In its… Read more »

Medical Office Suites Available for Lease at Prominent Rodin Place, Philadelphia

Rodin Place, 2000 Hamilton Street, Philadelphia, PA

Wolf Commercial Real Estate (WCRE) is thrilled to announce that it has been appointed as the exclusive leasing agent for the prestigious Rodin Place, located at 2000 Hamilton Street in Philadelphia, Pennsylvania. Strategically nestled within the vibrant and culturally rich neighborhoods of Fairmount and the Art Museum of Philadelphia, Rodin Place stands as an exceptional… Read more »

One uCity Square 90% Leased After Adding Life Science Tenants

uCity 90% leased

One uCity Square, a $300 million life sciences building in University City, is now more than 90% leased less than six months after it opened in January. Engineering and scientific consulting firm Exponent moved into 32,000 square feet earlier this month, taking up a full floor in the new building at 25 N. 38th St…. Read more »

Nemours Opens Second Location in Suburban Philly

Nemours opens second of three new pediatric outpatient care centers in suburban Philadelphia

Nemours Children’s Health will officially open a new specialty care site in Delaware County this week as it continues to boost its presence in Southeastern Pennsylvania.  The 20,000-square-foot center — called Nemours Children’s Health, Broomall — is part of a $40 million investment Wilmington-based Nemours is making to establish three outpatient care centers in the Philadelphia suburbs…. Read more »

Vitamin Manufacturer Selling Building and Lay Off More Than 200 Workers

Vitamin Manufacturer to pull out of NE Philadelphia, sell building and lay off more than 200 workers

A California vitamin manufacturer is closing its facilities in Northeast Philadelphia and laying off more than 200 employees, according to a state filing. International Vitamin Corp. plans to shut down the manufacturing and logistics facilities at 10101 Roosevelt Blvd. in West Torresdale and 2101 Hornig Road in Somerton, the company said in a WARN notice… Read more »

Penn’s Construction Boom with Another in the Pipeline

Penn Construction Boom

The University of Pennsylvania is one of the top academic institutions in the country, but in University City it also takes the role of real estate developer. To be exact, there is $1.3 billion in construction currently underway at the Ivy League university, with $440 million more in the pipeline. The projects under construction include… Read more »

Tower Health & Penn Medicine End Alliance

Health Alliance Ends Between Tower Health and Penn Medicine Philadelphia PA

Tower Health and Penn Medicine have decided not to move forward with a potential clinical affiliation announced by the Berks County health system more than a year-and-a-half ago. In a statement, the two health systems said they have “mutually and amicably” agreed to no longer pursue a strategic alliance.  Both Health Systems had no comments… Read more »

Tower Health Nears Sale of 17 Urgent Care Facilities

Tower Health Nears Urgent Care Center Closures

Tower Health is close to finalizing a deal to sell 17 of its urgent care centers, part of its ongoing financial turnaround plan. “We have an interested party and we continue to work toward trying to complete the sale this first quarter,” Tower CEO P. Sue Perrotty told the Business Journal. “That [time frame] may be a… Read more »