Oak Street Health Continues Expansion in Philadelphia

9/27/19

8,000-Square-Foot Lease Signed in Strawberry Mansion Neighborhood

Richard L. Soloff of Soloff Realty & Development, Inc. concluded a 8,000 SF lease with Chicago-based Oak Street Health, a fast-growing network of primary care centers providing a new model of value-based care for adults on Medicare. They will occupy a junior anchor position at Strawberry Square Shopping Center. This Oak Street’s 10th location in Philadelphia.

Oak Street Health | 2301 N. 29th Street, Suite 500 | Philadelphia, PA 19132

“Healthcare tenants continue to provide an ideal solution for large vacant retail pockets in urban areas,” said Richard Soloff of Soloff Realty & Development, Inc. “It makes perfect sense for the professional services market to be embedded within the community it serves,” he added.

Soloff represented the Landlord in this transaction. Oak Street Health was represented by Scott Benson of Metro Commercial.

Other tenants within the center include, Save-a-lot, Rite Aid Pharmacy, Rainbow, Dollar Plus, Hair Town, and Checker’s & KFC on pads. Only one vacancy - of 3,680 SF - remains.

About Soloff Realty & Development: Soloff Realty & Development, Inc. (SRD) is a privately held, full service commercial brokerage and real estate development firm specializing in the expansion needs of exclusive retail clients in Eastern Pennsylvania, New Jersey and Delaware. SRD also specializes in the development, leasing and sale of free-standing retail properties and shopping centers throughout the Northeast.