CIT Bank Provides $39M Loan For Medical Office At 3 Crescent Drive In Philadelphia

A medical office located at 3 Crescent Drive in Philadelphia, PA was involved in a recent closed transaction. The property, with a total square footage of 95,261, was the asset type for this deal. The transaction took place on 03/31/2021.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $39,000,000
• Address: 3 Crescent Drive, Philadelphia, PA
• Market: Philadelphia, PA
• Lender: CIT Bank
• Landlord: Norvin Healthcare Properties - Norman Livingston
• Broker: JLL

Norvin Healthcare Properties, represented by Norman Livingston, acted as the landlord in this transaction. The loan amount for the deal was $39,000,000, facilitated by CIT Bank. JLL served as the broker for the transaction.