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 little aggressive, but we suspect it will happen at least in this first half a year.”

The West Reading-based health system declined to say who the potential buyer is. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Nemours Opening 3 New Suburban Philadelphia Centers for Child Healthcare

Nemours Opens 3 New Child Health Centers in Philadelphia

Nemours Children’s Health is planning a multimillion-dollar expansion in southeastern Pennsylvania highlighted by the opening of three additional specialty care sites by the winter of 2024.

The Wilmington pediatric health system plans to open new care centers in Chester, Delaware, and Montgomery counties at a cost of about $40 million. 

“We take care of more than 85,000 Pennsylvania-based children, and that demand continues to grow,” said Pauline Corso, senior vice president and chief operating officer for Nemours Children’s Health, Delaware Valley.

The first of those centers is scheduled to open next week in the Price Medical Building on the Jefferson Abington Hospital campus. Future centers will be in Broomall and Malvern. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Spectrum Health Services Buys Grays Ferry Building

Spectrum Health Services Inc. has paid $9.43 million for a 43,847-square-foot building on South 33rd Street in Philadelphia that it has been a tenant in for years.

The building at 1325-49 S. 33rd St. was sold by Hero House Holdco LP, a Bala Cynwyd entity that acquired the property in 2015 from the School District of Philadelphia for $1 million, according to Philadelphia property records. The building dates back to around 1924. 

When Hero House Holdco bought the property, it undertook a gut renovation of the building and then leased it out to a series of nonprofit tenants, among them Spectrum Health, that serve the neighborhood. The building was fully occupied at the time of the most recent transaction. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Encompass Health Plans to Build Rehab Hospital in Norristown Area

Rehab Hospital to open in Norristown PA

Alabama-based Encompass Health Corp. plans to build a $55 million inpatient rehabilitation hospital in the Norristown area.

The proposed freestanding, 50-bed medical center on undeveloped property at 2660 Audubon Road in Lower Providence Township will serve patients recovering from debilitating illnesses and injuries including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions. The medical center will offer 24‑hour nursing care along with physical, occupational and speech therapies.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Fully Equipped Center City Philly Medical Space for Sale

1200 Locust Street Philadelphia PA

Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, is now offering a fully-built-out Philly medical space for sale at 1200 Locust Street Philadelphia PA.

A total of +/-7,045 square feet are available at this Philly medical space for sale through Wolf Commercial Real Estate, a Philly commercial real estate broker. Please call for information on the asking sale price for this Philly medical building for sale at 1200 Locust Street Philadelphia PA.

This medical space for sale in Philly at 1200 Locust Street Philadelphia PA is an income-producing property with an in-place tenant. Information about this Philly medical building is available by request from Wolf Commercial Real Estate, the foremost Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services.

Located in the heart of Center City, this Philly medical building for sale at 1200 Locust Street Philadelphia PA is steps away from the entrance to the 12th/13th and Locust stations of the PATCO High-Speed Line from New Jersey.

This Philly medical building for sale at 1200 Locust Street Philadelphia PA is housed in a four-story structure and this medical space for sale in Philly has one operating room, multiple private offices, multiple exam rooms, and two reception areas.

There are nearly 77,000 residents living within one mile of this medical space for sale in Philly at 1200 Locust Street Philadelphia PA and the average household income in that same radius of this Philly medical building for sale is $83,294. There also is an existing elevator shaft at this Philly medical building for sale.

This Philly medical space for sale at 1200 Locust Street Philadelphia PA is available for immediate occupancy through Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.

For more information about this Philly medical space for sale at 1200 Locust Street Philadelphia PA or about any other Philly commercial properties for sale or lease, please contact Sean Kelly (856-630-5806; sean.kelly@wolfcre.com) or Phil Costa (215-799-6195; phil.costa@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Philly commercial properties for sale or lease through our Philly commercial real estate brokerage firm.

Philly Medical Space for Sale on Locust Street Includes Medical Equipment

1200 Locust Street, Philadelphia, PA

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, including medical equipment, at 1200 Locust Street Philadelphia PA.

Please call for the asking sale price of this medical space for sale in Philly. Contact Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services, for more details.

This Philly medical space for sale at 1200 Locust Street Philadelphia PA is an income producing property with in in-place tenant and this medical space in Philly sits in the heart of Center City Philadelphia.

The facilities included in the purchase of this Philly medical space for sale at 1200 Locust Street are an operating room, multiple private offices, multiple exam rooms, and two reception areas. This medical space in Philly is available through Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services.

Nearly 77.000 potential customers live within a one-mile radius of this Philly medical space for sale at 1200 Locust Street Philadelphia PA through Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.  The average household income in the same five-mile radius of this Philly medical space for sale is $83,294.

For more information about this Philly medical space for sale at 1200 Locust Street Philadelphia PA, or about any other Philly commercial properties for sale, please contact Sean Kelly (856-630-5806; sean.kelly@wolfcre.com) or Phil Costa (215-799-6195; phil.costa@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, medical buildings, and other Philly commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Philly commercial properties for sale through our Philly commercial real estate brokerage firm.

CHOP plans nearly $3.5B in capital projects by 2028

Being a health care executive in 2022 means grappling with the ongoing Covid-19 pandemic, the shortage of nurses and other health care workers, and building needs and technology advancements that continue to change when and how medical care is delivered.

Throughout the week we will publish other interviews from the event, including with Penn Medicine CEO Kevin Mahoney, Jefferson Health President Dr. Bruce Meyer, and Virtua Health CEO Dennis Pullin. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Constitution Health Plaza in South Philadelphia sells to local investment firm for $77M

BG Capital has paid $77 million for Constitution Health Plaza, a 295,000-square-foot medical office building at 1930 S. Broad St. in Philadelphia.

BG Capital of Philadelphia bought the building in partnership with the Hampshire Cos. of New Jersey and Arbah Capital of Saudi Arabia. The property was 95% occupied at the time of the sale with the City of Philadelphia, Malvern Behavioral Health, University of Pennsylvania Medicine, Mercy Health Systems, and the Kidney Center of South Philadelphia as leading.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Jefferson Health’s $762M Specialty Care Pavilion reaches construction milestone

Thomas Jefferson University and Jefferson Health topped off a $762 million, 19-floor Specialty Care Pavilion at 11th and Chestnut streets that will eventually become the centerpiece of its Philadelphia campus.

The construction milestone brings the new building and the overall East Market mixed-use development closer to completion. 

National Real Estate Development, developer of East Market, began East Market in 2014 and worked through each phase from Market Street to Chestnut Street. Jefferson’s building will be the fifth and last for the developer at the project.

“This is special,” said Dan Killinger, president of National. “We started excavation in February 2020 and the world began shutting down. Jefferson had to manage the health crisis in the moment while thinking about its future and our role was to allow that future to happen.”

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Thomas Jefferson Specialty Care Pavilion Nearly Topped Out At 1101 Chestnut Street In Market East, Center City

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 and 23 stories tall.

Another tower was supposed to join the Jefferson tower to the west at 1153 Chestnut Street, but the proposal is currently on hold, and a public park will take its place for the time being.

The foundation that was planned for the two towers had the work start all the way back in November 2019 when it was announced that demolition would start on the garage at the site. By January 2021, excavation was complete and the foundation was heavily underway in the next month with the cranes installed in April. In June of the same year, the basement floors of the tower was underway, with the steel structure starting to rise above ground in August. The tower reached the halfway point in November as it was also appearing in the skyline.

*Article courtesy of Philly YIMBY

For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.