Industry
Healthcare Real Estate
Target Company
Reading Cardiology
Buyer/Investor
Physicians Realty Trust
Client Description:
The Property is located on the ground floor of Spring Ridge Medical Center, a premier medical office building in Wyomissing, PA. The first floor Condominium is occupied by Reading Health Physician Network – Cardiology, a dominant cardiology practice that was recently acquired by Reading Health System. The Property is surrounded by a number of other medical facilities including upstairs Center for Urologic Care of Berks County and nearby Reading Surgery Center, Surgical Institute of Reading, Reading Hospital SurgiCenter, and State Hill Surgical Center among others. The Condominium’s strategic location in this strong medical corridor warrants long term stability of occupancy and rental rates at Spring Ridge Medical Center.