www.marejournal.com Real Estate Journal — The Best of 2017 — March 30 - April 12, 2018 — 39C The best medical Properties Project/Lease of 2017 Benchmark Construction Frederick Street Patient Tower Lancaster General Hospital NAI Emory Hill 110 Lake Drive Newark, DE NAI Summit 1651 S Cedar Crest Allentown PA M id A tlantic
Size: 19,910 SF Broker: Matt Dorman
Good Shepherd Rehabilitation Hospital Long Term Lease Sarah Finney-Miller of NAI Summit recently represented Diakon Lutheran Social Ministries in the sale of their 63,459 SF Class A, Medical Arts Building located at 798 Hausman Road, Allentown. The facility was developed in 2000 by Diakon who is widely known as the most repu- table retirement community in the region. The impetus for the Medical Arts Building was the Luther Crest Retire- ment Community that was developed at the same time on the general site of the medical office building to provide a convenient avenue for residents to address their medi- cal needs. Currently the Luther Crest community offers over 200 residences which include housekeeping services, maintenance personnel, ample area amenities, transporta- tion and more. This is one of nine total Diakon communi- ties throughout the northeast. NAI Summit has a long history working with this location. We have handled the leasing and property management of this facility for many years making it an attractive invest- ment for the buyer. From building maintenance to lease negotiations to consulting to project management and buildouts to now an investment sale, our full service firm handled every commercial real estate need they had, every step of the way.
Lancaster, PA Size: 147,000 SF
The Lancaster General Hospital’s Frederick Street Patient Tower Overbuild is a six-story overbuild and expansion of the existing building with an active Radiology Department, Administrative Suites, and Short Stay Unit underneath. The project also included temporary helipad relocation, while the final helipad would be completed on the roof. In addition to the sensitive space directly below the over- build, Benchmark continues to perform adjacent to the OR suite, Pharmacy, EP/Cath Labs and Clinical Laboratory. Vertical structural work necessitated extensive retrofitting to existing columns in several occupied areas – including
Size: 79,184 SF Broker: Neil Kilian
NAI Emory Hill broker Neil Kilian, CCIM, SIOR, repre- sented the landlord in the lease of 79,184 SF of office space at 110 Lake Drive in the Pencader Corporate Center in Newark, DE to Seimens Medical Solutions, global leader in medical imaging, laboratory diagnostics, and healthcare information technology.
renovated CT suite & Ultrasound unit. Anticipated completion May 2018.
The Largest Medical Office Sale of 2017
Cushman & Wakefield-NJ 150 Park Avenue Florham Park, NJ
HFF 8001 & 8040 Roosevelt Blvd. Philadelphia, PA
NAI Summit Luther Crest Allentown, PA
Size: 86,000 SF Broker: Ben Appel and Evan Kovac
798 Hausman Road, Allentown, PA Size: 63,459 SF Broker: Sarah Finney Miller
HFF represented the seller, an affiliate of George Comfort & Sons, Inc. in the sale of 8001 and 8040 Roosevelt Boulevard, two medical office buildings totaling 86,000 SF in Philadel- phia. Harrison Street Real Estate Capital, LLC purchased the properties, which have undergone near complete renova- tions in the last 24 months and are 94.7 percent leased and anchored by Thomas Jefferson University Hospital. Services offered at the facilities include urgent care, the heart institute (and recent additional expansion space), vascular surgery, oral surgery, family practice, imaging, podiatry, dental, hematology oncology, periodontics and prosthetics and dermatology. The properties are located in the far northeast submarket of Philadelphia, along U.S. Route 1 just off of Trinity Health’s 231-bed Nazareth Hospital campus. This location is within one mile of nearly 1,500 senior housing and age-restricted units.
Sarah Finney-Miller of NAI Summit recently represented Diakon Lutheran Social Ministries in the sale of their 63,459 SF Class A, Medical Arts Building located at 798 Hausman Road, Allentown. The facility was developed in 2000 by Diakon who is widely known as the most reputable retirement community in the region. The impetus for the Medical Arts Building was the Luther Crest Retirement Community that was developed at the same time on the general site of the medical office building to provide a convenient avenue for residents to address their medical needs. Currently the Luther Crest community offers over 200 residences which include housekeeping services, maintenance personnel, ample area amenities, transportation and more. This is one of nine total Diakon communities throughout the northeast.
Size: 130,000 SF Broker: Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer Cushman &Wakefield brokered the sale of 150 ParkAvenue from The Rockefeller Group Development Corporation to Welltower, Inc. This built-to-suit, state-of-the-art medical office property is long-term leased to Summit Medical Group, P.A. It features three linear accelerators, PET-CT simulation and brachytherapy suite, chemotherapy infusion room, radiological imaging suite and a parking ratio of 5.1 per 1,000 SF.
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