News Release: Mediplex East Norriton Project Groundbreaking Announcement

August 2021

Mediplex Property Group (Mediplex) is proud to announce the groundbreaking for Mediplex East Norriton, the latest addition to a growing portfolio of healthcare focused real estate notable for encouraging ownership by physician tenants. Completion is scheduled for late 2022.

The single-story, 17,200 square foot multi-use complex will be anchored by the East Norriton Surgical Center, a state-of-the-art, Class C ambulatory surgery center (ASC). The de novo development will also house the newest clinical office of SEPA Pain Management, a rapidly expanding independent practice providing advanced pain management care and related treatment services.

Fronting on a major thoroughfare, the highly visible site is strategically located approximately 1 mile from 2 acute-care hospitals, midway between both, in East Norriton, Pennsylvania. This northern Philadelphia suburb is known for a well-established medical corridor and extremely convenient access to the region’s highway network.

Sanjay M. Shah, M.D, a SEPA principal, noted the advantages of expertly planning for quality care and efficient, long-term occupancy through “ground-up” custom design: “Allying once again with a trusted, experienced partner like Mediplex was an opportunity for us to fully envision a future-ready, patient-friendly, cost-effective facility that uniquely optimizes and reflects the way we practice medicine. For SEPA, co-locating clinical functions adjacent to an ASC is the ultimate model for extension of practice.”

PROJECT TEAM

The building was designed by Linn Architects of Media, PA and construction management is being serviced by Axis Construction Management of King of Prussia, PA. Financing was arranged by Ackman-Ziff and provided by Bryn Mawr Trust Corporation.

ABOUT MEDIPLEX PROPERTY GROUP

Mediplex is an innovative, assignment-driven real estate developer creatively empowering and fulfilling the needs of independent physician practices, regional health systems, Fortune 200-ranked healthcare corporations and regional/national outpatient care providers. Since 2008, we have successfully completed a wide range of projects within the outpatient healthcare sector encompassing programmatic development, build-to-suit projects, ground-up construction and adaptive re-use. Either as a partner or preferred developer to its clients, Mediplex has the experience, capabilities and expertise to responsively deliver timely, cost-conscious real estate solutions that enhance the patient and provider.

For additional information about Mediplex Property Group, or for leasing inquiries related to the limited available space remaining at Mediplex East Norriton, please call 267-513-1979 or visit the company’s website at www.mediplexpropertygroup.com.

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