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Efforts to sell Crozer Health took several unexpected turns in the past 24 hours, with a new lawsuit quickly withdrawn and news emerging that Penn Medicine is working behind the scenes to help save the struggling health system.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 »
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 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 »
