The closing of Cancer Treatments Centers of America’s Philadelphia hospital will result in the loss of 365 jobs, according to a notice filed with the state by the specialty medical center. CTCA announced last week it was closing the cancer hospital at 1331 E. Wyoming Ave. in the Juniata Park section of the city. The for-profit company has… Read more »
The University of Pennsylvania Health System early Thursday started running the emergency department at the former Mercy Hospital in West Philadelphia as part of a partnership with Public Health Management Corp., Independence Blue Cross, and Trinity Health, the hospital’s former owner. The new name of the facility at 501 S. 54th St. is PHMC Public… Read more »
Investment group Iron Stone Real Estate Partners has a deal to buy a section of the former Hahnemann University Hospital campus on North Broad Street that’s partly occupied by Drexel University’s medical labs. But Drexel may not be sticking around for long: It is in talks to move those researchers to GlaxoSmithKline’s former pharmaceutical plant… Read more »
A Washington, D.C., real estate company plans to develop a $190 million, 185,000-square-foot life sciences building in University City that will also have manufacturing space, setting it apart from some of the other proposed or newly constructed properties that cater to these companies. Republic Properties Group entered into a 90-year ground lease with SEPTA on… Read more »
BG Capital has sold its medical office campus in Philadelphia’s Port Richmond neighborhood for $53.1 million. The campus, comprising three medical office buildings, was purchased by the New Jersey-based commercial real estate company, the Hampshire Cos., and its international investment partner, Arbah Capital. The sale resulted in BG Capital BG Capital has sold 90% equity… Read more »
Penn Medicine on Monday officially opened what it is describing as the largest instrument processing and surgical supply preparation facility in the country. Workers at the $80 million, 110,000-square-foot Interventional Support Center in Southwest Philadelphia will sterilize and package thousands of instruments each day for use in surgeries and procedures. The instruments to be sterilized… Read more »
Wolf Commercial Real Estate, the leading Philly commercial real estate broker with experience in Philly commercial real estate listings and services, now has available Philly medical space for sale or lease at 2201 East Allegheny Avenue Philadelphia PA in the city’s Port Richmond neighborhood. Please call for the asking sale price and the asking lease… Read more »
Brandywine Realty Trust is working to pre-lease a proposed $300 million, 500,000-square-foot life sciences building at its Schuylkill Yards campus in University City and expects to buy a lease hold interest in the site during the first half of 2021. It will strike that long-term lease deal at 3151 Market St. with Drexel University, its… Read more »
Wolf Commercial Real Estate, the foremost Philly commercial real estate broker with experience in Philly commercial real estate listings and services, now has available +/- 7 acres of land for a build-to-suit Philly medical space for sale or lease at 2201 East Allegheny Avenue Philadelphia PA. Please call for the asking sale price and for… Read more »
Silverstein Properties Inc. and Cantor Fitzgerald have made a $56 million investment in the development of 3.0 University Place, a proposed 250,000-square-foot life sciences building in the University City neighborhood of Philadelphia. The two New York firms will join Philadelphia-based University Place Associates on the eight-story $100 million project that will have a combination of… Read more »
