{"id":1004638082,"date":"2023-01-09T05:47:06","date_gmt":"2023-01-09T13:47:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004638082"},"modified":"2023-01-09T05:47:09","modified_gmt":"2023-01-09T13:47:09","slug":"philadelphia-mob-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/philadelphia-mob-changes-hands\/","title":{"rendered":"Philadelphia MOB Changes Hands"},"content":{"rendered":"
\"\"<\/a>

Marple Commons. Image courtesy of CBRE<\/p><\/div>\n

Maryland-based Thomas Park Investments<\/strong> has acquired Marple Commons, a medical office park totaling 57,760 square feet in Broomall, Pa. The previous owner, Hudson Cos.<\/strong>, sold the asset for $11.6 million. The asset was purchased through the Thomas Park Growth Fund I, <\/strong>launched in late 2022 with a capacity to acquire $250 million in real estate.<\/p>\n

According to CommercialEdge data, the property last traded in 2001, when Hudson Cos. purchased the buildings for $6.2 million. The same data provider shows the property was subject to a loan of $7.5 million as of 2015, provided by Deutsche Bank<\/strong>.<\/p>\n

Senior Vice President Stephen Marzullo, Vice President Adam Silverman, alongside First Vice President Stephen Kriz of CBRE<\/strong> spearheaded the marketing of the park and represented the seller.<\/p>\n

The three-building medical office park came online in 1985. The Class B property sits on 3.7 acres and includes three passenger elevators, controlled access and offers 289 parking spaces with a ratio of 5 spots per 1000 square feet. At the time of the sale, the facilities were 98 percent leased to a mix of 21 tenants, including Premier Orthopaedics, Children\u2019s Hospital of Philadelphia, Kidney Care Specialists and Labcorp.<\/p>\n

The property is located at 2000, 2002 and 2004 Sproul Road, roughly 12 miles from downtown Philadelphia, near Interstate 476. The medical campus is 6.7 miles from Mercy Fitzgerald Hospital and 7.2 miles from Lankenau Medical Center.<\/p>\n

Last year, Thomas Park Investments partnered with Artemis Real Estate Partners to invest $500 million in the acquisitions of medical office buildings<\/a>, with a focus on markets across the Mid-Atlantic and Northeast.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 57,760-square-foot property traded for $11.6 million.<\/p>\n","protected":false},"author":2829,"featured_media":1004638092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21754,21742,10,1494],"tags":[32789,42791,51275],"class_list":["post-1004638082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-medical-office","category-latest","category-northeast","category-philadelphia","tag-cbre","tag-hudson-companies","tag-thomas-park-investments"],"acf":[],"yoast_head":"\nPhiladelphia MOB Changes Hands - CPE<\/title>\n<meta name=\"description\" content=\"Thomas Park Investments acquired a three-building medical park, 12 miles from central Philadelphia, from Hudson Cos.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/philadelphia-mob-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philadelphia MOB Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Thomas Park Investments acquired a three-building medical park, 12 miles from central Philadelphia, from Hudson Cos.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/philadelphia-mob-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-09T13:47:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-09T13:47:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Marple-Commons-e1672922777101.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"999\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/philadelphia-mob-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/philadelphia-mob-changes-hands\\\/\"},\"author\":{\"name\":\"Madalina Pojoga\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7ced0369df035c845a1e5d647c62dd7a\"},\"headline\":\"Philadelphia MOB Changes Hands\",\"datePublished\":\"2023-01-09T13:47:06+00:00\",\"dateModified\":\"2023-01-09T13:47:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/philadelphia-mob-changes-hands\\\/\"},\"wordCount\":256,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/philadelphia-mob-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/01\\\/Marple-Commons-e1672922777101.jpg\",\"keywords\":[\"CBRE\",\"Hudson Companies\",\"Thomas Park Investments\"],\"articleSection\":[\"Investment\",\"Medical Office\",\"News\",\"Northeast\",\"Philadelphia\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/philadelphia-mob-changes-hands\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/philadelphia-mob-changes-hands\\\/\",\"name\":\"Philadelphia MOB Changes Hands - 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