HFF arranges $12.35M sale of Norriton Medical Center Phila.
EAST NORRITON, PA —Holliday Fenoglio Fowler, L.P. (HFF) announced the $12.35 million sale of Norriton Medical Center, a 74,212 s/f medical center anchored by Einstein Orthopedics and Moss Rehab in the Philadelphia suburb of East Norriton. The HFF team represented the seller, an indirect wholly owned subsidiary of Franklin Realty Development Corporation. Located in Greater Philadelphia, Norriton Medical Center is ideally situated directly in the shadow of the area’s largest hospitals, Einstein Medical Center Montgomery (1.4 miles) and Suburban Community Hospital. The 7.31-acre site is located at 160-190 West Germantown Pike. The four-building complex is currently 92% leased and features the area’s only nationally ranked rehabilitation facility that operates under the Einstein Healthcare Network umbrella.