Property Summary
Property Type: Medical Office
Sale Date: July 19, 2016
Sale Price: $52,000,000
Price PSF: $414
Building Size: 125,692 SF
Year Built: 2005 & 2010
Occupancy: 100%
Transaction Summary
The transaction included the investment sale of the Crozer Brinton Lake Outpatient Health Center located in Glen Mills, Pennsylvania.
The JLL Healthcare Capital Markets Group is pleased to announce the sale of the Crozer Brinton Lake Outpatient Health Center which contains two fully leased, new Class A multi-tenant medical office buildings totaling 125,692 square feet in Glen Mills, Pennsylvania. The JLL Healthcare Capital Markets Group arranged the sale of the property on behalf of LaSalle Investment Management (“LaSalle”), one of the world’s leading real estate investment managers and a wholly-owned, operationally independent subsidiary of JLL.
The properties were built in 2005 and 2010 to serve as a major outpatient location for Crozer-Keystone Health System which directly occupies 88% of the buildings. The outpatient center features an ambulatory surgery center with four operating rooms, the Crozer-Keystone Cancer Center offering radiation oncology and infusion therapy, diabetes center, dialysis center, full-service medical imaging and a laboratory.
Daniel Turley of the JLL Healthcare Capital Markets Group served as LaSalle’s advisor along with Mindy Berman and Steve Leathers.
For more information on this sale, or if we can help with your healthcare real estate needs, please contact us.
Contact Information
Daniel Turley
Senior Vice President
+1 617 316 6521
daniel.turley@am.jll.com
Mindy Berman
Managing Director
+1 617 316 6539
mindy.berman@am.jll.com
Steve Leathers
Senior Vice President
+1 212 812 5867
steve.leathers@am.jll.com
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