Healthcare component of mixed-use Drexeline Town Center in Drexel Hill, Pennsylvania is 100 percent leased to Delaware County Human Services and Children’s Hospital of Philadelphia
(Photo credit: MCB Real Estate)
MCB Real Estate has initiated construction on Drexeline Medical Office Building, the 60,000 square foot healthcare component of Drexeline Town Center, a mixed-use development situated in the Philadelphia suburb of Drexel Hill, Pennsylvania. The three-story medical office building located at 5100 State Road is 100 percent leased to Delaware County Human Services and Children’s Hospital of Philadelphia (CHOP) a Pennsylvania nonprofit corporation. MCB Real Estate, a Baltimore-based institutional investment management firm expects to deliver the asset in Q2 2025. Tyler Vandergrift of JLL represented CHOP and Kartik Patel of Tactix Real Estate Advisors represented Delaware County Human Services. Scott Williams of JLL represented MCB Real Estate in both transactions.
Delaware County Human Services signed a lease with MCB Real Estate for approximately 45,000 square feet of space and intends to relocate its offices from another Upper Darby Township location, where they have operated for more than 30 years. The facility will house the group’s Intellectual & Development, Housing, Early Intervention, Early Learning, Children & Youth, and related administrative services functions. CHOP leased approximately 15,000 square feet of space and will occupy the first floor of the building.
(Photo credit: MCB Real Estate)
Delivered in 2023, Drexeline Town Center is located at 4990-5100 State Road at the signalized intersection of Township Line Road and State Road in Upper Darby Township. The development is anchored by a 72,000 square foot ShopRite supermarket and includes complementary retailers Chase Bank, PNC Bank, and convenience store Wawa.
The site is within close proximity of Interstates 476 and 95 as well as the Drexeline Light Rail Station on the Southern Pennsylvania Transportation Authority system, which offers connections to downtown Philadelphia. Nearly 175,000 people reside within the immediate area of Drexel Hill Town Center, including nearly 70,000 households featuring an average household income approaching $110,000.
“The medical office building asset class is thriving,” stated MCB Real Estate’s Principal Drew Gorman. “The use is benefitted by the discernable advantages of a close-in suburban-located mixed-use project including a strategic location off major highways, adjacent public transportation, excellent roadside visibility, and plentiful and free parking. Healthcare providers are increasingly establishing new or expanded locations where their patients live and are finding new and lower cost opportunities outside the city limits.
“In Delaware County Human Services and CHOP, we have attracted two high-profile and well-respected organizations that will generate tremendous consumer traffic to Drexeline Town Center, which will greatly benefit the entire tenant mix,” he added. “Our ability to fully prelease this asset prior to the groundbreaking is a strong testament to the strength of the medical office building sector and the quality of this development.
“Integrating medical and social services alongside convenient access to fresh food from a state-of-the-art ShopRite and other essential amenities truly transforms this hub into a holistic wellness destination, enhancing accessibility to preventative care and lifechanging services,” Gorman added.
Founded in 2007, MCB Real Estate is a community-centric, privately-held institutional investment management firm headquartered in Baltimore, Maryland. The company boasts a nationwide portfolio of operating assets totaling approximately 15 million square feet of industrial, office, retail, mixed-use, multi-family, and life sciences properties with almost four million square feet of space in its development pipeline. The firm offers a seamlessly integrated suite of commercial real estate investment services, including development, construction, property management, asset management, acquisitions, and legal expertise, thus ensuring comprehensive support throughout every stage of an asset’s lifecycle. Backed by a passionate and experienced team, MCB Real Estate transforms spaces into purpose-built places. www.mcbrealestate.com.
