22 — August 2025 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania CBRE advises on transformative healthcare access in Southeastern PA Anchor Health Properties & ChristianaCare reposition +190,000 s/f of clinical medical space
M
EDIA, PA — An- chor Health Prop- erties (Anchor) , a
national, full-service health- care real estate development, management, and investment company focused exclusively on medical outpatient build- ings and specialty healthcare facilities, announced the suc- cessful repositioning of five medical outpatient buildings across Delaware and Chester Counties in Southeastern PA. Through a collaboration with ChristianaCare, a nation- ally recognized, not-for-profit health system based in Dela- ware, 191,335 s/f of formerly vacant space has been reac- tivated across the following outpatient facilities: • 300 & 500 Evergreen Dr., Glen Mills, PA • 30 Lawrence Rd., Broomall, PA • 2010 & 2050 West Chester Pike, Havertown, PA This portfolio-wide com- mitment marks a significant milestone in Anchor’s broader effort to increase access to community-based outpatient care while strengthening the long-term value and perfor- mance of these assets. “As someone who calls Dela- ware County home, it is espe- cially meaningful to contribute to expanding access to care right here in our backyard,” shared James Schmid , chief investment officer with An- chor. “We are honored to align with a mission-driven organi- zation like ChristianaCare.” The strategic partnership introduces ChristianaCare to these sites, where they will
300 Evergreen Drive, Glen Mills, PA
30 Lawrence Rd., Broomall, PA
500 Evergreen Drive, Glen Mills, PA
2010 & 2050 West Chester Pike, Havertown, PA
deliver a wide range of outpa- tient services tailored to meet the growing needs of the local patient population. Echoing Schmid’s senti- ments, Tyler Peckham , as- set manager with Anchor, added “We are thrilled to welcome ChristianaCare into these buildings and to have played a key role in unlocking the potential of these assets. With strong, complementary healthcare tenancy and a mid-sized apartment buildings that cater to local demand,” said Marcia Kaufman , CEO of Bayport Funding. “This project represents the kind of smart, well-located develop- ment that meets today’s hous- ing needs while supporting the city’s growth.” Residents will enjoy imme- diate access to neighborhood shopping, dining, and recre- ational options, along with con- venient connections to public transportation across the city. In the West Kensington neighborhood of Philadelphia, Bayport Funding has provided a $1.25 million construction loan for a ground-up multi-
forward-looking strategy, we are confident in the continued growth and momentum across the portfolio.” CBRE’s healthcare real es- tate experts, Thomas Stone and Brannan Knott , advised ChristianaCare throughout the transaction. As owner of the buildings, Anchor will continue to pro- vide go forward asset and property management services at these locations. Anchor’s family development on West Huntingdon St. The three- story, corner-lot building will comprise seven apartment units, in addition to a cellar. “Philadelphia continues to show strong fundamentals driven by sustained rental demand,” said Kaufman. “This project will bring a high-quality product to a market seeing re- newed population growth as one of the most in-demand East Coast cities.” The building will provide residents with immediate ac- cess to shopping, dining, and recreational options, as well as convenient connections to the city’s transit systems. MAREJ
owned and managed portfolio in the greater Philadelphia MSA totals more than 1.5 million s/f. About Anchor Health Properties Anchor Health Properties is a national, full service healthcare real estate development, man- agement, and investment firm serving investors and health systems. Leveraging our collec- tive experience and resources, our nimble, and thoughtful PHILADELPHIA, PA — Colliers , a diversified profes - sional services and invest- ment management company, announced the sale of 1527 Chestnut St. to Zaken Realty Trust. The sale was facilitated by Colliers’ Larry Steinberg , senior managing director of Retail Services. Located on a high-traffic block of Chestnut St., the building adds to Zaken Realty Trust’s holdings on the block, which also include 1517 and 1523 Chestnut St. The transac- tion reflects ongoing investor interest in the Chestnut Street retail corridor, which continues to attract both tenants and long-term ownership strategies in the heart of Center City. 1517 Chestnut St. offers
team of professionals develop and deliver tailored, client specific solutions to respond to today’s healthcare challenges – thinking outside the “medi- cal office box.” With more than $2B of completed development projects, 9M s/f under manage- ment, and $3.2B invested in stabilized healthcare facilities, Anchor continues to create a better healthcare experience for patients and a competitive edge for our clients. MAREJ commercial alley access and exposure to over 15,900 daily pedestrians. The space is sur- rounded by major national retailers including Five Below, J. Crew Factory, Wendy’s, and Foot Locker. Just steps away, 1525 Chestnut St., spanning 1,455 s/f, was recently leased to SEV Laser in a deal also brokered by Steinberg, bring- ing new energy to the ground floor of a six-story mixed-use building near City Hall, Love Park, and Liberty Place. “This corridor has long been a high-traffic, high-visibility retail zone lacking in cohe- sive identity,” said Steinberg. “We’re pleased to have repre- sented the transaction and con- tributed to the block’s ongoing repositioning.” MAREJ
Bayport Funding provides $3.4 Million in Philadelphia, PA construction loans
Colliers arranges sale of 1527 Chestnut St.
PHILADELPHIA, PA — Bayport Funding has provid- ed a $2.15 million construction
loan for a new ground-up multifamily development on West Gi- rard Ave. in North Phila- delphia. The five-story, 10,763 s/f
Marcia Kaufman
rental building will feature 13 modern apartment units, a basement, and elevator service. “We’re seeing continued strength in Philadelphia’s rental market, particularly for thoughtfully designed,
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