PHILADELPHIA, PA – May 19, 2015 – Holliday Fenoglio Fowler arranged the $160.75 million sale of 833 Chestnut Street, a 12-story, 705,061 square foot medical office building across from Thomas Jefferson University Hospital in Center City Philadelphia.
HFF marketed the property on behalf of the seller, Digital Realty Trust. HCP, a publicly traded healthcare REIT, purchased the asset.
“833 Chestnut was a perfect example of HFF putting the best team on the field for a unique assignment,” HFF senior managing director Mark Thomson tells GLobeSt.com exclusively. "Our Philadelphia and New York/New Jersey teams already work collaboratively on institutional quality assignments in order to cover all buyers. However, in this situation the assignment warranted another layer of coverage. Our medical office team has continued to prove that national MOB buyers will price out the regional and national office buyers for acquisitions that check the boxes for them. In this case, they really delivered and our client was very pleased with the value-added execution.”
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