Tuesday, May 28, 2019

Crozer-Keystone at Broomall Sells to Joint Venture

Capital Solutions, a locally-based real estate investment and private equity firm, sold the Crozer-Keystone at Broomall facility to a joint venture between Anchor Health Properties and The Carlyle Group for $25.35 million, or about $442 per square foot. According to CoStar information, the two companies have teamed up on the acquisition of more than a dozen medical office properties throughout the U.S. in the past three years.

Located at 30 Lawrence Road, the 57,320-square-foot building has been occupied by Crozer-Keystone Health System since 2016. The medical office building is located just six miles from Philadelphia and is within a five-mile radius of eight hospitals. The facility operates as a cancer center in addition to providing various outpatient services.

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