2016 HREI Insights Awards Winner: Best New MOB (50,000-99,999 S.F.)

Anchor Health Properties and Seavest Healthcare Properties collaborated to develop the $23 million Penn Medicine Southern Chester County building. Photo courtesy of Anchor Health Properties

Philly area MOB beats expectations

Anchor Health Properties, Seavest Healthcare Properties develop winning ACC

Facility name: Penn Medicine Southern Chester County
Address, City, State: 455 Woodview Road, West Grove, PA
Client (owner or tenant): Penn Medicine Chester County Hospital
Product type: Ambulatory care center
Number of stories: Two
Square footage: 72,000
Site acreage: 45
Parking: 457 surface spaces
Construction start date: April 2014
Construction complete date: June 2015
Cost: $23 million total development costs
Owner: Limited partnership of Anchor Health Properties, Seavest Healthcare Properties and tenants
Major users/tenants: Penn Medicine, radiology, lab, physical therapy, primary care and other physician specialties
Developer: Anchor Health Properties
Architect: Array Architects
Contractor: The Norwood Company
Lender: Liberty Bank
Broker/leasing agent: Anchor Health Properties
Property manager: Anchor Health Properties
Asset manager: Seavest Healthcare Properties
Consultants: Procz Group Inc., Nave Newell Inc. and O’Donnell & Nacaratto

Penn Medicine Chester County Hospital was interested in expanding healthcare services in its southernmost market of Jennersville, Pa., about 15 miles away. But it also wanted to ensure that its patients in this growing Philadelphia suburb had access to services closer to their homes, thereby creating allegiance with their system in a competitive market.

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