Wednesday, March 15, 2017

Jefferson Health Expands at Navy Yard

Jefferson Health will offer expanded services at 3 Crescent Dr. in Philadelphia, PA following a new multi-year, 70,000-square-foot lease with the landlord, a joint venture between Liberty Property Trust and Synterra Partners, to open a new facility in the Navy Yard by mid-2018.

The four-story, 95,261-square-foot, 4-Star office building sits on 4.8 acres in Philadelphia's Navy Yard Corporate Center.

"The Navy Yard location offers great accessibility from major arteries, including I-95 and I-76. It has also enjoyed significant expansion as a progressive campus with more than 13,000 employees and 150 companies, and more to come," said Larry Merlis, executive vice president and chief operating officer for Jefferson Health. "We look forward to realizing the tremendous opportunities for growth that the area presents, being a good neighbor to our fellow tenants as they continue to grow, and becoming a comprehensive healthcare provider at the Navy Yard."

Jefferson has maintained outpatient offices at the Navy Yard since 2010, beginning with a surgical center, primary care, specialists in otolaryngology and urology, since expanding to include a comprehensive concussion center, as well as clinicians specializing in family medicine, gynecology, dermatology, internal medicine and sleep disorders

With its new space, Jefferson plans to create a consumer-oriented healthcare destination in the Navy Yard, drawing on its accessibility for patients across southeastern Pennsylvania and southern New Jersey. The project will include a multidisciplinary adult health and wellness center offering diagnostic, consultative, therapeutic and procedural services, dedicated primary care and complementary specialists, and a full-service imaging suite and lab, in addition to multidisciplinary and comprehensive services and complementary programs with a primarily ambulatory orientation.

The expansion at the Navy Yard aligns with Jefferson’s commitment to deliver services that meet the health needs of the community locally, and to serve more patients in Philadelphia, South Jersey, the Northeast, and Delaware and Chester counties by offering even more co-located services that are convenient for the consumer.

"We appreciate Jefferson’s continued commitment to the Navy Yard and recognize the value they bring to this vibrant campus," said Brian Cohen, vice president and market officer for Liberty Property Trust. "The establishment of their new customer-oriented healthcare facility will be an extremely convenient and important resource for the thousands who work and visit here. We are pleased to be able to accommodate this significant growth and provide Jefferson with the large, high-quality environment they envisioned."

Liberty's portfolio at the campus is now 96 percent leased. Future development of the Navy Yard will support up to 13.5 million square feet of mixed-use space.
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