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HOT PROPERTY: MOBs offered in suburban Philly

Four-building, 74,212 square foot complex is near hospitals in East Norriton, Pa.

– John B. Mugford

The Norriton Medical Center, a four-building, 74,212 square foot outpatient complex near two major hospitals in East Norriton, Pa., is being marketed by HFF. The complex is in a high-traffic area of the far northern Philadelphia suburbs. Photo courtesy of HFF

Name: Norriton Medical Center
No. of buildings: 4
Address: 160-190 W. Germantown Pike
City: East Norriton, Pa.
Square feet: 74,212
Land area: 7.31 acres
Year completed: 1991
Occupancy: 91.5 percent
Parking: 310 spaces
Seller: Franklin Realty Development
Brokerage: HFF
Brokers: Ben Appel, Brett Segal

One of Greater Philadelphia’s major economic drivers is its “eds and meds” sector, as the metropolitan area’s numerous universities and hospitals employ more than 243,000 people and account for a remarkable 36 percent of the workforce.

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