Tuesday, May 21, 2013
Temple Health to Build Ft. Washington Facility
Temple University Health System is getting ready to make another splash in the suburbs as it continues efforts to expand beyond North Philadelphia.
Renovations are under way for a $4 million medical complex in Fort Washington, Pa., that will house an urgent-care center along with primary-care and specialty-care services.
“You can call it an ambulatory-care center; some people call it a medical mall,” said Adam Edelson, Temple health system’s vice president for business strategy and development. “We are working to become more accessible to local communities in local markets. … We want to make accessing the care Temple provides more convenient.”
The 29,000-square foot medical center will occupy two floors in an existing office building on Pennsylvania Avenue near where the Pennsylvania Turnpike and Route 309 meet. The property’s landlord is paying an unspecified amount toward the needed renovations.
The first floor will be home to Temple’s fourth ReadyCare urgent-care center, the first of which opened in 2009 at its former Northeastern Hospital in the city's Port Richmond section when that facility was converted to outpatient care. The ReadyCare centers provide fast treatment for health conditions that need immediate attention, but are not life-threatening. Other space will be used for primary-care and specialty services in area such as orthopedics, cardiology, vascular care, neurology, neurosurgery, urology and bariatrics. Temple also plans to open a diabetes center at the site.
“We’ll be bringing to Fort Washington the type of high-end care that people will travel for when they need it,” Edelson said. “We are not looking to [duplicate] care people can get at their local community hospitals.”
Edelson said Temple selected Fort Washington as the site for its latest health center because its research showed the people in the area were going to local hospitals and into Center City and beyond for health services.
“We saw this market as a tremendous opportunity for us,” he said.
Temple health system’s push beyond North Philadelphia began when Dr. Larry Kaiser took over as CEO in 2011. In his first interview with the Business Journal after taking office, Kaiser said one of his goals was to build the Temple health-care brand by establish delivery sites throughout the entire region. “We want to plant the Temple ‘T’ in a number of locations,” he said.
During the past two years, Temple health system has:
• Opened offices in Oaks, Pa., with a lung center program and orthopedic services;
• Opened a ReadyCare urgent-care center in Northeast Philadelphia at site where it also provides orthopedic-care services;
• Opened a women’s-care center at Solis University in Elkins Park;
• Opened a ReadyCare Center in Jenkintown; and
• Added gastroenterology and neurology care at its Center City office, which already provide urology services.
Full story: http://tinyurl.com/o2pd4gc
Sunday, May 19, 2013
Friday, May 17, 2013
Philadelphia's Industrial Deliveries, Construction and Inventory
During the first quarter 2013, no new space was completed in the Philadelphia Industrial market area.
This compares to 10 buildings totaling 3,308,868 square feet that were completed in the fourth quarter 2012, four buildings totaling 2,229,000 square feet completed in the third quarter 2012, and 71,858 square feet in two buildings completed in the second quarter 2012.
There were 2,978,919 square feet of Industrial space under construction at the end of the first quarter 2013.
The largest projects underway at the end of first quarter 2013 were Berks Park 78 - Dollar General, a 906,919-square-foot building with 100% of its space pre-leased, and PetSmart, an 870,000-square-foot facility that is 100% pre-leased.
Total Industrial inventory in the Philadelphia market area amounted to 1,012,862,282 square feet in 19,483 buildings as of the end of the first quarter 2013. The Flex sector consisted of 82,641,464 square feet in 3,189 projects. The Warehouse sector consisted of 930,220,818 square feet in 16,294 buildings. Within the Industrial market there were 2,399 owner-occupied buildings accounting for 229,134,214 square feet of Industrial space.
This trend is compared to U.S. National Industrial deliveries and construction, which saw 166 buildings totaling 15.95 million square feet complete construction with an additional 54.82 million square feet of industrial space still under construction at the end of the first quarter. The 1 million-square-foot facility at 3851 Youngs Rd. in Chicago delivered, and the 1.8 million-square-foot Intel Ronler Acres D1X in the Portland market is still underway. Total industrial inventory in the U.S. market area totaled 20.79 billion square feet in approximately 520,000 buildings at the end of the first quarter 2013, including almost 60,500 owner-occupied industrial buildings.
www.omegare.com
This compares to 10 buildings totaling 3,308,868 square feet that were completed in the fourth quarter 2012, four buildings totaling 2,229,000 square feet completed in the third quarter 2012, and 71,858 square feet in two buildings completed in the second quarter 2012.
There were 2,978,919 square feet of Industrial space under construction at the end of the first quarter 2013.
The largest projects underway at the end of first quarter 2013 were Berks Park 78 - Dollar General, a 906,919-square-foot building with 100% of its space pre-leased, and PetSmart, an 870,000-square-foot facility that is 100% pre-leased.
Total Industrial inventory in the Philadelphia market area amounted to 1,012,862,282 square feet in 19,483 buildings as of the end of the first quarter 2013. The Flex sector consisted of 82,641,464 square feet in 3,189 projects. The Warehouse sector consisted of 930,220,818 square feet in 16,294 buildings. Within the Industrial market there were 2,399 owner-occupied buildings accounting for 229,134,214 square feet of Industrial space.
This trend is compared to U.S. National Industrial deliveries and construction, which saw 166 buildings totaling 15.95 million square feet complete construction with an additional 54.82 million square feet of industrial space still under construction at the end of the first quarter. The 1 million-square-foot facility at 3851 Youngs Rd. in Chicago delivered, and the 1.8 million-square-foot Intel Ronler Acres D1X in the Portland market is still underway. Total industrial inventory in the U.S. market area totaled 20.79 billion square feet in approximately 520,000 buildings at the end of the first quarter 2013, including almost 60,500 owner-occupied industrial buildings.
www.omegare.com
Thursday, May 16, 2013
The Judge Org Renews 101,000-SF Warehouse Lease
The Judge Organization, a third-party logistics services provider, renewed for a three-year lease term to continue occupancy of its 100,800 square feet of warehouse space at the Bristol Industrial Park Building BA-30.
Located at 30 Runway Rd. in Levittown, PA, the 198,550-square-foot warehouse sits on more than 12 acres in the Bucks County Industrial submarket of Philadelphia. The site is strategically located with major access to highways, public transportation and the post office.
www.omegare.com
Located at 30 Runway Rd. in Levittown, PA, the 198,550-square-foot warehouse sits on more than 12 acres in the Bucks County Industrial submarket of Philadelphia. The site is strategically located with major access to highways, public transportation and the post office.
www.omegare.com
JW Pepper & Son Purchases Exton Office
J. W. Pepper & Son, Inc. purchased the office building at 191 Sheree Blvd. in Exton, PA from Elite Underwriting Services, Inc. for $5.1 million, or about $118 per square foot. The two-story, 43,200-square-foot building was constructed in 2002 in the Stone Ridge Corporate Center. The new owner will occupy the building in the fall.
www.omegare.com
www.omegare.com
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