PHILADELPHIA, PA – DRAFT – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Crozer-Keystone at Broomall, a 57,320-square-foot, Class A cancer center and multi-specialty outpatient facility in the Philadelphia-area community of Broomall, Pennsylvania.
HFF marketed the property on behalf of the seller, Capital Solutions. Anchor Health Properties purchased the asset free and clear of existing debt.
Crozer-Keystone at Broomall is located at 30 Lawrence Road in the dense infill Route 3 corridor of northern Delaware County. Positioned just six miles outside of Philadelphia, the medical office building draws from eight hospitals and more than 330,000 residents within a five-mile radius. Crozer-Keystone Health System, which is the dominant health system in Delaware and Chester counties with 63% market share, leases the entire facility on an absolute triple net master-leased basis.
The HFF investment sales team representing the seller was led by members of HFF’s healthcare capital markets team, including director Ben Appel, managing director Evan Kovac and associate Andrew Milne as well as senior managing director Doug Rodio.
About Capital Solutions
Capital Solutions is a real estate investment and private equity firm founded by Frank Seidman in 1991. The Capital Solutions investment team consists of experienced professionals with strong backgrounds in real estate acquisitions, dispositions, finance, equity funding, redevelopment, asset management, structured finance and capital markets. Capital Solutions invests alongside quality operating partner across the U.S. and Canada with a focus on medical office, multifamily, student housing, senior living, and net lease opportunity within its real estate portfolio.
About Anchor Health Properties
Anchor Health Properties (“Anchor”) is a national, full-service healthcare real estate development, management and acquisitions company focused exclusively on medical facilities. Anchor takes a strategic approach to navigating the extremely competitive healthcare marketplace, considering multiple angles, such as retail drivers, customer experience, branding and efficiency of the project. The company develops and manages projects across the United States that respond to the new landscape of employed physicians, team-based care, the need to optimize assets and reduce duplication, and the integration of care and technology. Healthcare today calls not only for new and more efficient ways of delivering outpatient services, but also a different kind of healthcare development and management company. For more information, please visit: www.anchorhealthproperties.com.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
HFF Managing Director
HFF Director, Public Relations
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