HFF named to market for sale Philadelphia medical office portfolio anchored by Thomas Jefferson University Hospital
PHILADELPHIA, PA – June 14, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been retained to market for sale a two-property, 86,000-square-foot medical office portfolio anchored by Thomas Jefferson University Hospital in Philadelphia, Pennsylvania.
HFF is marketing the portfolio on behalf of an affiliate of George Comfort & Sons, Inc. on an unpriced basis.
The portfolio, which has undergone near complete renovations in the last year, consists of 8001 and 8040 Roosevelt Boulevard, which are 94.7 percent leased and anchored by Thomas Jefferson University Hospital. Services offered at the facilities include urgent care, heart institute (and recent additional expansion space), vascular surgery, oral surgery, family practice, imaging, podiatry, dental, hematology oncology, periodontics & prosthetics and dermatology. The properties are located in the far northeast submarket of Philadelphia, along US Route 1 just off of Trinity Health’s 231-bed Nazareth Hospital campus. This location is within one mile of nearly 1,500 senior housing and age-restricted units.
The HFF investment sales team representing the seller is led by director Ben Appel and managing directors Michael Bennett and Philip Mahler.
“Philadelphia is nationally recognized and renowned as home to one of the largest concentrations of healthcare institutions, teaching hospitals, R&D, and pharmaceutical companies in the nation,” said Appel.
About George Comfort & Sons, Inc.
George Comfort & Sons, Inc. is one of New York's oldest and most reputable real estate firms. The company currently manages in excess of 12 million square feet of commercial property, seventy percent of which it has ownership interests in. www.gcomfort.com
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.