Beds and Meds Show Strong Deal Flow in Philadelphia

PHILADELPHIA, PA—Deal flow in the healthcare and multifamily sectors has been robust, particularly in the University City area of Philadelphia, according to the Deal Flow Panel at the ALM Media RealShare Philadelphia conference held February 10 at the Union League.

The University City submarket west of 30^th Street is experiencing strong demand, according to Paul Garvey, senior director, Cushman & Wakefield. In particular, Garvey points to 3535 Market Street, with Children’s Hospital of Philadelphia and the University of Pennsylvania as primary tenants, which was acquired by an out-of-market purchaser of medical buildings up and down the east coast.