Praesum Healthcare Inks Two New Leases for Medical Space in Philadelphia

CBRE today announced that it assisted Praesum Healthcare Services, LLC, a leading healthcare provider along the East Coast, in inking two new lease transactions totaling 87,000 sq. ft. in the Philadelphia region. The healthcare provider committed to a +-58,000 sq. ft. lease for several floors at 2301 E. Allegheny Avenue, and a +-29,000 sq. ft. lease for the entire building at 3261 Tulip Street.

The CBRE team of Les Haggett and Kieara Hill successfully represented Praesum Healthcare in both lease transactions.

“We are excited to have collaborated closely with our client in assisting in the negotiations of two long-term leases for high quality space that will allow Praesum Healthcare to provide safe and dignified facilities for their clients,” said Mr. Haggett.

Headquartered in Lake Worth Beach, FL, Praesum Healthcare Services and its family of affiliated companies are leading providers of inpatient and outpatient treatment services to individuals suffering from mental and/or behavioral health disorders in six East Coast states. Arranging the leases was an integral part of a transaction in which an affiliate of Praesum Healthcare Services acquired an existing healthcare provider, Beacon Point Recovery Center, LLC.