Transactions: Pair of Pennsy MOBs sell for $52M

This is one of the two buildings that comprise the Crozer Brinton Lake Outpatient Health Center in Glen Mills., Pa., which was recently sold to an undisclosed buyer for $52 million, or $414 per square foot. The seller was LaSalle Investment Management. Photo courtesy of JLL

This is one of the two buildings that comprise the Crozer Brinton Lake Outpatient Health Center in Glen Mills., Pa., which was recently sold to an undisclosed buyer for $52 million, or $414 per square foot. The seller was LaSalle Investment Management. Photo courtesy of JLL

Side-by-side MOBs in Glen Mills, west of Philly, house Crozer-Keystone services

By John B. Mugford

Even though Springfield, Pa.-based Crozer-Keystone Health System was in the midst of being acquired in recent months – a situation that could create uncertainties when properties are put on the market – demand was still “very” strong for a pair of medical office buildings (MOBs) that fly its flag, according to the brokerage firm representing the seller.

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