Philadelphia, PA

Praesum Healthcare Inks Two New Leases for Medical Space in Philadelphia

CBRE Instrumental in Arranging Two Leases totaling 87,000 Sq. Ft. for Prominent Medical Services Operator at 2301 E. Alleghany Avenue and 3261 Tulip Street in Philadelphia, PA

September 14, 2023

Exterior of the building located at 3261 Tulip

Media Contact

Bailey Hall

Corporate Communications, Tri-State Division and New England

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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.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.