PAOLI, PA—Paoli Office Park Partners, L.P., a partnership affiliated with Blank Aschkenasy Properties of West Conshohocken, PA, has sold its Paoli Medical Plaza, a 99,059 square foot medical campus adjacent to Paoli Hospital, to Griffin-American Healthcare REIT III, Inc., through its sponsor, American Healthcare Investors, LLC, for an undisclosed amount.
The CBRE team of Steve Marzullo and Justin Marlowe of the Investment Properties Philadelphia Commercial Group, along with Chris Bodnar and Lee Asher of the U.S. Healthcare Capital Markets Group represented the seller.
“This is a premier medical center with some of the highest quality multi-tenant medical office space in the Philadelphia region,” says Marlowe, senior associate with CBRE's Capital Markets Group in Wayne, PA. “It is strategically located next to Paoli Hospital, and there is a great synergy between the tenants of the campus and the hospital.”
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