MRA GROUP DEVELOPS NEW ARIA SCHOOL OF NURSING AND ADMINISTRATIVE SITE
HORSHAM, Pennsylvania, May 2012
MRA Group represented Aria Health in the acquisition of 3 Neshaminy Interplex in Bensalem, PA from the Korman Group. MRA is also developing the site which will be home to the new Aria Health School of Nursing. Aria’s current facility is located on Penn Street in North Philadelphia where it has been housed since 1908. MRA brokered the purchase and has served as a single point of contact throughout the project, providing a comprehensive list of services including financial structuring, loan placements, strategic planning, design and construction. Total project cost is $7.5 million.
“Our team has designed a state of the art facility that is reflective of Aria’s status as a world class healthcare organization,” said Lawrence J. Stuardi, CEO of MRA Group. “It will meet the technological and academic needs of faculty, staff, and students for many years to come.”
Occupancy of the new 48,000 SF property has begun and will continue in phases through June, 2012. The building, which has been designed with many green technologies including an advanced energy management system, will provide modern instructional space and advanced clinical learning centers to its growing student population. The property will also serve as the new home of Aria Health Administration. Staff will relocate to the larger, more modern facility and free up critical space on the Torresdale Campus to allow for expansion of onsite medical services. MRA Realty, Inc. will provide full service property and facility management services to the new campus.
MRA Group has been a strategic partner of Aria Health for 21 years, providing the healthcare leader with real estate advisory expertise and management services. Aria Health is the largest healthcare provider in Northeast Philadelphia and Lower Bucks County with an impressive network of hospitals, outpatient centers, and physicians providing superior medical care to the communities it serves.