HFF marketing sale of four medical office buildings for sale in Greater Philadelphia
PHILADELPHIA, PA – September 5, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) has been awarded to market the sale of Norriton Medical Center, a four-building, 74,212-square-foot medical office campus in East Norriton, Pennsylvania, within just two miles of multiple hospital campuses and senior living facilities.
The HFF team is marketing the property on behalf of the owner, Franklin Realty Development, in conjunction with Beacon Commercial, who has the leasing assignment.
Norriton Medical Center is located on 7.13 acres at 160-190 West Germantown Pike in the Greater Philadelphia area, home to one of the largest concentrations of healthcare institutions, teaching hospitals, R&D facilities and life sciences hubs in the country. Einstein Medical Center and Suburban Community Hospital, the submarket’s two largest hospitals, are both located within one mile of the property. The 91.5 percent leased medical and professional office center, is anchored by Einstein Orthopedics and Moss Rehab.
The HFF investment sales team representing the seller includes senior director Ben Appel and managing director Brett Segal. The leasing advisors for the project include Gene McHale and Colin McHale of Beacon Commercial Real Estate, LLC.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.