Real Estate Journal — Pennsylvania — December 13 - 26, 2019 — 15A
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M id A tlantic
P ennsylvania
26,174 s/f located at 2027 Lebanon Church Rd., West Mifflin Atkins bolsters its Pittsburgh portfolio withMOB acquisition
generational c omme r c i a l r ea l e s t a t e development, investment, and property management f i r m , a n - nounced the acquisition of W
EST MIFFLIN, PA —A tkins Com- panies , a multi-
Cory Atkins
a 26,174 s/f medical office build- ing located at 2027 Lebanon Church Rd. in West Mifflin. Fully leased by Allegheny Health Network, a subsidiary of Highmark Health Inc., 2027 Lebanon Church Rd. is a full- service integrated outpatient facility providing orthopedics, primary care, family medicine, internal medicine, geriatrics, pediatrics, and nephrology services. Situated along one of the busiest retail corridors in the region, the building’s stra- tegic location offers the tenant ideal visibility and substan- tial branding opportunities. Focused on better positioning the asset for the future and creating a state-of-the-art out- patient health system facility, Allegheny Health Network is nearing completion of a major
2027 Lebanon Church Road
renovation that will transform the entire design and flow of the interior of the building. The acquisition of the fully leased building bolsters Atkins’ portfolio in the rapidly growing Pittsburgh metropolitan area. Atkins currently owns a 44,000 s/f medical office building at 310 Rodi Rd. in Penn Hills and a 20,000 s/f medical office building at 4044 Rte. 130 in Penn Twp., both of which are anchored by Premier Medical Associates, a wholly owned physician group of Allegheny Health Network. “Over the last several years, we have seen drastic shifts in the healthcare delivery model and a wave of merger and
consolidation activity which has dramatically altered the landscape of the medical of- fice asset class,” said Cory Atkins , vice president and director of acquisitions for At- kins Companies. “Fully leased to a credit grade tenant and boasting superior visibility in a quickly growing metro area, 2027 Lebanon Church Rd. represents an ideal acquisi- tion opportunity in the current market. We look forward to growing our presence in the Pittsburgh area along with ex- panding our relationship with Allegheny HealthNetwork and continuing to build upon our track record of success in this market.”
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