Muhlenberg Medical Office Building
- Single Tenant Medical Office
- Motus Equities identified a 14,500 SF former beer distributor at a high trafficked, lighted interchange as a prime redevelopment opportunity.
- During the Due Diligence period, Motus identified Penn State Health as a potential user via its brokerage network and begins negotiations for a 15-year turn-key lease.
- Motus acquired the asset via a cash investment from its partners.
- D&B Construction began tenant fit-out on October 1, 2018
- D&B Construction and Motus Development completed delivery on March 1, 2019
- Motus Investments secured permanent cash-out re-financing via S&T Bank.
- Keystone Property & Asset Management took over Facilities Management in 2019.