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 »
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, 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 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 »
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 »
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 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 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 »
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… Read more »
