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September 30, 2016

BGL Announces the Real Estate Sale of Reading Cardiology

Cleveland OH – September 30, 2016 – Brown Gibbons Lang & Company (BGL) is pleased to announce the real estate sale of Reading Cardiology totaling approximately 20,987 rentable square feet (the “Property”). BGL’s Healthcare Real Estate team served as the exclusive advisor to the seller in the transaction.

The Property is located on the ground floor of Spring Ridge Medical Center, a premier medical office building in Wyomissing, PA. The first floor Condominium is occupied by Reading Health Physician Network – Cardiology, a dominant cardiology practice that was recently acquired by Reading Health System. The Property is surrounded by a number of other medical facilities including upstairs Center for Urologic Care of Berks County and nearby Reading Surgery Center, Surgical Institute of Reading, Reading Hospital SurgiCenter, and State Hill Surgical Center among others. The Condominium’s strategic location in this strong medical corridor warrants long term stability of occupancy and rental rates at Spring Ridge Medical Center.