BioMed Realty Trust Sells King Of Prussia Property In Radnor To Penn Medicine For $35 Million
SAN DIEGO--(BUSINESS WIRE)--BioMed Realty Trust, Inc. (NYSE: BMR) announced today the completion of the sale of its property at 145 King of Prussia Road in Radnor, PA to Penn Medicine for $35 million.
This deal will allow Penn Medicine to develop its own plan for the site in partnership with the Radnor Township. The transaction will result in an approximate $32 million impairment loss, which the company will record in the second quarter.
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This deal will allow Penn Medicine to develop its own plan for the site in partnership with the Radnor Township. The transaction will result in an approximate $32 million impairment loss, which the company will record in the second quarter.
Help employers find you! Check out all the jobs and post your resume.