The pediatric health system has purchased a 97,290-square-foot office building at 460 N. Gulph Road for $24.5 million.
CHOP hasn’t outlined yet the purpose of the new purchase, but a spokesperson said in a statement, “We acquired the property as part of our facilities roadmap to ensure access to high-quality, convenient care for our patients when and where they need it.
“While we do not have a specific use plan to share at this time, our focus has been on operationalizing and maintaining the property as an important part of our footprint.”
CHOP initially began building a presence in King of Prussia in the 1990s with two care sites near the King of Prussia Mall.
Since then, the pediatric health system has opened a specialty care and ambulatory surgical center and Middleman Family Pavilion, an 84-bed inpatient pediatric hospital, adjacent to it.
Read more about Children‘s Hospital of Philadelphia’s expansion plans in King of Prussia in Philadelphia Business Journal.