CBRE Group, Inc. (CBRE) is pleased to announce that it has arranged the lease for The Children’s Hospital of Philadelphia’s (CHOP) new location at 663 W. Lancaster Avenue in Haverford, Pennsylvania, the site of the former Foodsource Grocery store. The CBRE team of Rick Weinberg and Jim Creed represented the building’s landlord during the transaction. The practice opened to the public today, June 27, 2016.

This is a relocation from CHOP’S old practice in Haverford, which was located at 600 Haverford Road.

“This is a high-profile, well known location on the Main Line and the property owners were willing to wait to identify a Tenant that would not only provide unique services to the community, but also be recognized as a good corporate neighbor,” said Rick Weinberg, Senior Vice President, CBRE. “We thought that CHOP fit that description perfectly.”

“The newly renovated 13,458 square-foot building is one of the few sites along Lancaster Avenue with great visibility, presence and an abundance of off-street parking. This move for CHOP is another example of the medical community continuing to raise its profile in the suburbs with retail-type sites outside of a Center City campus,” added Weinberg.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.