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News Release: Mediplex Property Group LLC Project Development Announcement

(Abington, PA): Mediplex Property Group LLC Develops New, State-of-the-Art Medical Office Building in Philadelphia’s Northern Suburbs

Mediplex Property Group LLC (Mediplex) is pleased to announce the successful completion of the latest addition to its portfolio of healthcare focused real estate. Mediplex Abington is strategically located just steps from Abington Hospital – Jefferson Health, the major regional hospital serving Philadelphia’s northern suburbs. Situated in the heart of the growing medical corridor along Route 611 (Old York Road) between Philadelphia and its northern suburbs, Mediplex Abington is the area’s first ground-up, Class-A MOB in over a generation.

This state-of-the-art, two-story, 20,000 square foot Class A medical office building (MOB) was 100% pre-leased and will be anchored by Abington Neurological Associates (ANA), a leading provider of comprehensive neurological care in the Philadelphia region for more than 50 years. Besides featuring clinical and research facilities for ANA, the building is also home to LabCorp, Wink Optical and Eyecare, and RMA-Jefferson Health, part of IVI-RMA Global, the world’s leading reproductive medicine group. This mix of specialty and primary care providers will work to create both an extensive network of referrals and increased convenience for patients in this market.

According to Dr. Dan Gzesh, Chief of Neurology at Abington Hospital–Jefferson Health, the new building at 1151 Old York Road represents more than an upgrade in facilities. It demonstrates a continued and deep commitment to the community and to all aspects of neurologic care including advancing treatments for Alzheimer’s Disease, Parkinson Disease, stroke, Multiple Sclerosis, and pain syndromes. Dr. David Weisman, a physician partner and director of the ANA Research Center, adds that the new building will headquarter and enhance ongoing clinical research in neurological diseases to develop novel and innovative treatments.

Mediplex Abington is the second property developed by Mediplex Property Group in Abington Township in recent years. Its previous project, the DaVita Willow Grove Dialysis clinic, across from the Willow Grove Mall, earned the Developer of the Year award by the Abington Township Economic Development Committee.

PROJECT TEAM

The building was designed by Linn Architects of Media, PA, and construction management services were provided by Axis Construction Management, based in King of Prussia, PA. Financing was provided by Bryn Mawr Trust Corporation.

ABOUT MEDIPLEX PROPERTY GROUP

Since 2008, Mediplex Property Group has been fulfilling the requirements of physician practices, regional health systems, and regional/national outpatient healthcare providers on a wide range of real estate assignments. The Company has facilitated independent practice network solutions, programmatic development and build-to-suit projects ranging from ground-up construction to adaptive re-use in urban and suburban environments. Whether acting as a preferred real estate developer and landlord for Fortune 200-ranked corporations or facilitating the needs of a private medical practice, Mediplex has both the experience and expertise to enhance the patient and provider experience while ensuring the efficiency of any stand-alone or co-located outpatient healthcare setting.

For additional information about Mediplex Property Group, please call 267-513-1979 or visit the company’s website at www.mediplexpropertygroup.com.

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