News & Analysis: MOB’s PSF breaks record

IN SUBURBAN PHILLY, THAT IS; $388 PER SQUARE FOOT

By John Mugford

LaSalle Investment Management recently acquired the 130,000 square foot Main Line Health Center at Newton Square in suburban Philadelphia for $50.5 million.
Photo courtesy CBRE

In many markets across the country, healthcare real estate remained a bright spot as commercial real estate slumped during the throes of the recession.

Now, in Greater Philadelphia, a recent medical office building (MOB) sale has set the bar rather high when it comes to the pricing of all suburban office buildings.

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