Children's Hospital Of Philadelphia Acquires 42 Acre Development Site In Hamilton For $17.5M

A 42-acre development site located at 325 Sloan Avenue in Hamilton Township, NJ, has been sold for $17,500,000. The transaction is part of a larger plan for the Children's Hospital of Philadelphia to establish a new medical center on the site previously occupied by an AMC theater.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,500,000
• Buyer: Madeline Bell - Children's Hospital of Philadelphia
• Seller: Greg Silvers - EPR Properties
• Broker: Newmark
• Acres: 42
• Market: Hamilton

This transaction involves Madeline Bell representing the Children's Hospital of Philadelphia as the buyer and Greg Silvers representing EPR Properties as the seller. Newmark facilitated the deal, which is an integral part of CHOP's regional expansion strategy, although specific plans regarding the facility have yet to be disclosed.