While the greater share of Philadelphia’s new developments are rising on the western side of Center City, the east side of the city is raising its profile, as well. In Market East, a steel beast is rising at 1101 Chestnut Street as part of the Jefferson Health expansion. Designed by Ennead Architects and Stantec developed by National Real Estate Development, he Thomas Jefferson Specialty Care Pavilion will stand 372 feet… Read more »
Temple University Health System unveiled plans Thursday to convert the former Cancer Treatment Centers of America hospital campus it acquired earlier this year into a hospital for women’s health. The $30 million project for the campus at 1331 E. Wyoming Ave. in Philadelphia still must be reviewed, and approved, by the Pennsylvania Department of Health…. Read more »
Wolf Commercial Real Estate, a premier Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, is now offering fully built out Philly medical space for sale at 1200 Locust Street Philadelphia PA. This Philly medical space for sale is a four-story building and this Philly medical space for… Read more »
Penn Medicine is set to begin providing patient care on Oct. 30 at its $1.6 billion Pavilion, a 17-story building it is describing as the “future of medicine.” The 1.5-million-square-foot building in West Philadelphia — across the street from the Hospital of the University of Pennsylvania and adjacent to the Perelman Center for Advanced Medicine… Read more »
GI Partners, a San Francisco investment firm, has paid $79 million, or roughly $567 a square foot, for 3701 Market St. in the University City neighborhood of Philadelphia. The sale of the 8-story, 141,913-square-foot building highlights how life sciences properties trade at a premium and continue to attract outside real estate investors to Philadelphia and… Read more »
Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available Philly medical space for sale in a four-story building at 1200 Locust Street Philadelphia PA. Please call for the asking sale price of this medical space for sale in Philly…. Read more »
Three life sciences companies have leased space for their headquarters in two different corporate centers in Chester County, making long-term commitments to the region. Though it explored options in the suburbs and Philadelphia, Castle Creek Biosciences Inc. decided to stay in its 86,500 square feet at Eagleview Corporate Center in Exton, where $20 million will… Read more »
A Montgomery County behavioral health care hospital that was put up for sale nearly two years ago is getting a new owner. Avenues Recovery Center of Lakewood, New Jersey, expects to close on its acquisition of Valley Forge Medical Center on June 14. Financial terms of the deal are being kept confidential. Valley Forge Medical… Read more »
Penn Medicine plans to spend an estimated $60 million to build a new parking garage for the Penn Presbyterian Medical Center campus in West Philadelphia. The 495,000-square-foot garage at 3800 Powelton Ave. is designed to have 1,439 parking spaces. A Penn Medicine spokesperson said the structure will consolidate the parking spaces that are currently split… Read more »
The Philadelphia Navy Yard is getting another health care tenant later this year when Mast Labs opens an independent surgical training center at the site. The first Mast Labs was established in Bethesda, Maryland, two years ago by Dr. Scott Faucett and Terence Redmond to serve the Washington, D.C., region. Jeff O’Donnell Jr., who was recently named president of… Read more »
