SOLD APRIL 2015- HOSPITAL-ANCHORED MEDICAL OFFICE CAMPUS
Steve Marzullo and Justin Marlowe of CBRE’s Philadelphia Investment Properties Commercial Group teamed with Chris Bodnar and Lee Asher of CBRE’s Healthcare Capital Markets Group to arrange the sale of Paoli Medical Plaza, a 99,059 SF medical office campus located at 2-4 Industrial Boulevard in Paoli, Chester County, PA (“the Property” or “Properties”). Paoli Medical Plaza offers some of the highest quality multi-tenant medical office space in the Philadelphia region and is strategically located adjacent to Main Line Health System’s Paoli Hospital campus. Given its immediate proximity to Paoli Hospital, Paoli Medical Plaza is anchored by Main Line Health (Moody’s: Aa3), which occupies 37% of the Properties for clinical, billing and administrative uses. Several other tenants are affiliated with or have previously occupied space at the hospital, creating a powerful synergy between the two medical campuses and a natural long-term solution to accommodate Main Line Health’s growing space needs.
Paoli Medical Plaza presented the rare opportunity to purchase a virtually on-campus multi-tenant medical office building anchored by an investment grade healthcare system in one of Philadelphia’s most affluent areas.
For more information about this sale or to find out how we can help you with your real estate decisions, please reach out to the listing team:
www.cbre.com/invphiladelphiacommercial
CBRE INVESTMENT PROPERTIES
Stephen Marzullo
Senior Vice President
T +1 610 251 5161
stephen.marzullo@cbre.com
Licensed: PA
Licensed Salesperson: NJ, DE
Justin Marlowe
Senior Associate
T +1 610 251 5158
justin.marlowe@cbre.com
Licensed: PA
Licensed Salesperson: NJ
CBRE HEALTHCARE CAPITAL MARKETS
Chris Bodnar
Senior Vice President
T +1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
Senior Vice President
T +1 404 504 5965
lee.asher@cbre.com
CBRE, Inc.
1200 Liberty Ridge Drive
Suite 320
Wayne, PA
www.cbre.com
Licensed Real Estate Broker
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