Brown Gibbons Lang & Company (BGL) is pleased to announce the real estate sale of Progressive Vision Institute Portfolio, consisting of six medical office buildings totaling approximately 37,839 rentable square feet (the “Properties”). BGL’s Healthcare Real Estate team served as the exclusive advisor to the seller in the transaction.
The properties offer eye care at eight locations throughout Central and Eastern Pennsylvania and are 100% occupied by the well-established Progressive Vision Institute (PVI). PVI’s specialties include cataract surgery, LASIK surgery, macular degeneration, oculoplastic surgery, cornea disease, glaucoma management, eye exams, diabetic eye disease, pediatric retina & ophthalmology, optical center, and retinal detachment. The PVI practice is primarily owned by two ophthalmic surgeons and staffed by twelve physicians who can perform virtually all ophthalmic treatments and surgeries.