For Immediate Release
West Mifflin, Pa. (November 7, 2019) – Atkins Companies, a multigenerational commercial real estate development, investment, and property management firm, announces the acquisition of a 26,174-square-foot medical office building located at 2027 Lebanon Church Road in West Mifflin, Pa.
Fully leased by Allegheny Health Network, a subsidiary of Highmark Health Inc., 2027 Lebanon Church Road is a full-service integrated outpatient facility providing orthopedics, primary care, family medicine, internal medicine, geriatrics, pediatrics, and nephrology services. Situated along one of the busiest retail corridors in the region, the building’s strategic location offers the tenant ideal visibility and substantial branding opportunities. Focused on better positioning the asset for the future and creating a state-of-the-art outpatient health system facility, Allegheny Health Network is nearing completion of a major renovation that will transform the entire design and flow of the interior of the building.
The acquisition of the fully leased building bolsters Atkins’ portfolio in the rapidly growing Pittsburgh metropolitan area. Atkins currently owns a 44,000-square-foot medical office building at 310 Rodi Road in Penn Hills and a 20,000-square-foot medical office building at 4044 Route 130 in Penn Township, both of which are anchored by Premier Medical Associates, a wholly owned physician group of Allegheny Health Network.
Highmark Health, Inc, is a national health and wellness organization, as well as the second largest integrated delivery and financing system (IDFS) in America. Highmark Health and their leading health care businesses employ more than 43,000 people who serve millions of Americans in all 50 states and the District of Columbia. Operating the Allegheny Health Network, Highmark Health is the second largest employer in Pittsburgh with eight hospitals: Allegheny General, Allegheny Valley, Canonsburg, Forbes, Jefferson, Saint Vincent, Westfield Memorial and West Penn; and more than 200 primary and specialty-care practices with approximately 2,400 physicians in every clinical specialty, 19,000 employees and 2,000 volunteers.
“Over the last several years, we have seen drastic shifts in the healthcare delivery model and a wave of merger and consolidation activity which has dramatically altered the landscape of the medical office asset class,” said Cory Atkins, Vice President and Director of Acquisitions for Atkins Companies. “Fully leased to a credit grade tenant and boasting superior visibility in a quickly growing metro area, 2027 Lebanon Church Road represents an ideal acquisition opportunity in the current market. We look forward to growing our presence in the Pittsburgh area along with expanding our relationship with Allegheny Health Network and continuing to build upon our track record of success in this market.”
Atkins Companies currently has over 600,000 square feet of healthcare real estate under ownership across the New Jersey, Pennsylvania, Maryland, Connecticut, and Ohio markets. Working with leading healthcare networks such as RWJBarnabas Health, Atlantic Health, Hunterdon Health, Summit Medical Group, Prospect Crozer, Hartford Health, and The Ohio State University Medical Center, Atkins continually adheres to the highest standards of tenant service and the ongoing delivery of medical spaces that meet the healthcare needs of the local community.
To stay connected with Atkins Companies and for updates on the latest transactions and news, follow Atkins on LinkedIn (www.linkedin.com/company/atkins-companies).
About Atkins Companies
Atkins Companies is one of the Northeast’s premier, multigenerational commercial real estate developers, investors, and property managers. As a pioneer in the medical office space, Atkins Companies is a leading developer, investor, and property manager for regional healthcare systems and physician practices, providing state-of-the-art space solutions to meet the growing demand for well-located, Class-A medical office buildings. Driven by a deep focus on creating and maintaining strong relationships, their hands-on and solutions-oriented approach to development, investment, and management breeds successful projects while enhancing the businesses and communities that they serve. For more information about Atkins Companies, visit AtkinsCompanies.com or contact them in their West Orange office at 973-325-7900.
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