Iron Stone collaborates with diverse companies, universities and institutions to provide life science and healthcare real estate solutions in Philadelphia, PA.

We are creative problem-solvers with a storied track record. We are long-term investors, developers and stewards of our own properties. We pursue development propositions that spur economic development and contribute to our city’s present and future.

FMC Tower
2929 Walnut Street, Suite 1540
Philadelphia, PA 19104

info@iron-stone.com
215-508-2210

Iron Stone Real Estate Partners has developed and currently owns more than 3 million square feet of medical, life science and mixed-use properties in Philadelphia, PA.

Iron Stone Real Estate Partners has developed and currently owns more than 3 million square feet of medical, life science and mixed-use properties in Philadelphia, PA.

The partners have purchased and redeveloped MCP Hospital (now Falls Center), Girard Medical Center (now The Behavioral Wellness Center) and St. Christopher’s Hospital for Children. The Provident Campus (located at 4601 Market Street) is fully leased, features 325,000 sf of clinical, medical and educational uses, and is slated for completion in 2022.

In 2021, the partners purchased several of the former Hahnemann Hospital buildings in Center City and leased 600,000 sf to an institutional user. Plans are underway to redevelop other underutilized portions of this complex into Race Street Labs, a for-lease 150,000 sf life sciences building, which will complement the existing 200,000 sf of labs already in use.

Falls Center

3300 Henry Avenue
Philadelphia PA

Falls Center is the historic redevelopment of the Women’s Medical College of Pennsylvania’s former campus. At the time it was one of the largest historic redevelopments in the mid-Atlantic region. The 700,000 sf mixed-use complex is home to dozens of commercial tenants including educational and medical uses and research facilities.

www.falls-center.com
Falls Center

Philadelphia Safety Collaborative

300 E. Hunting Park Avenue
Philadelphia, PA

We were chosen to design and develop a state-of-the-art co-location facility for the Philadelphia Police Department’s Special Victims Unit, Department of Human Services, and other investigation units. Iron Stone reused the envelope of an existing truck terminal from the 1950s and added an additional 20,000 square feet of new construction to create this space. Iron Stone broke ground on this project in the summer of 2012 and completed the project by summer of 2013.

Philadelphia Safety Collaborative

Race Street Labs

1421 Race Street
Philadelphia PA

Race Street Labs features 150,000 sf of newly renovated life sciences, research and development space adjacent to the Drexel University College of Medicine complex in Center City. The building features lab-ready building infrastructure, spec or customizable lab space, office support centers, on-site lab management support and security.

www.racestreetlabs.com
Race Street Labs

The Provident Campus

4601 Market Street
Philadelphia PA

The Provident campus is a 15-acre transit-oriented development featuring 325,000 sf of public health, clinical and educational uses, and several distinct apartment communities. PHMC, the region’s public health institute, the Children’s Hospital of Philadelphia (CHOP), and KIPP Philadelphia are the lead and anchor tenants.

www.4601market.com
The Provident Campus

St. Christopher’s Hospital for Children

160 East Erie Avenue
Philadelphia, PA

St. Christopher’s Hospital for Children is a 15-acre, 900,000 sf children’s hospital in Philadelphia. Acquired at bankruptcy auction, the goal was to preserve and ensure the continued stability of the hospital. The building and parking garage is leased to Drexel University and Tower Healthcare.

www.towerhealth.org
St. Christopher's Hospital for Children

The Behavior Wellness Center

801 West Girard Avenue
Philadelphia PA

The Behavior Wellness Center (formerly Girard Medical Center) is a 350,000 sf series of distinct buildings on 7-acres. Acquired at bankruptcy auction, the goal was to preserve and restructure the existing behavioral health, addiction treatment and recovery programs while improving patient outcomes. The property is leased to a variety of commercial and non-profit uses with the BeWell Center and Self Inc as the anchor tenants.

www.bewellctr.org

Our investment strategy is based on experience, facts and discipline.

Our approach to harnessing value is creative, collaborative and straightforward. We are contrarian in our acquisitions and opportunistic in our dispositions.

The culmination is an ability to execute on real estate ventures that yield high risk adjusted returns while spurring innovation, growth and vitality for the surrounding communities.

Andrew Eisenstein
Andrew Eisenstein
Founding Partner

Since the mid-1990s Andrew has completed more than $1.25 billion in real estate transactions. He provides vision and leadership to the company oversees the construction and development of Iron Stone’s real estate portfolio.

Education:
B.S University of Pennsylvania

Current and Former Non-Profit Affiliations:
Settlement Music School, Legacy Youth Tennis

Matthew Canno
Matthew Canno
Partner

Matt joined Iron Stone in 2001 and overseas acquisitions, contract negotiation, financings, real estate, land use and corporate law. Additionally, he serves as the company’s Chief Counsel. While at Iron Stone, he has developed more than 130 commercial real estate properties with a combined value in excess of $1 billion.

Education:
B.S. Wharton School of the University of Pennsylvania
J.D. University of Pennsylvania Law School

Current and Former Non-Profit Affiliations:
Self Inc, PAWS, The Philadelphia School

Jason E Friedland
Jason Friedland
Partner

Jason joined Iron Stone in 2002 and is responsible for the business strategy, finance and utilization of alternative financing sources such as Historic Rehabilitation, New Markets and Low-Income Tax Credits. While at Iron Stone, he has developed more than 130 commercial real estate properties with a combined value in excess of $1 billion.

Education:
B.S. Washington University in St. Louis

Current and Former Non-Profit Affiliations:
The Academy of Natural Sciences, Clarke Schools for Hearing and Speech, Woodmere Art Museum, Share Food Program and The Philadelphia Museum of Art Prints, Drawings and Photographs Committee

Sam Patterson
Sam Patterson
Partner

Sam joined Iron Stone in 2018.  He has significant entrepreneurial and executive experience with a focus on real estate, private equity, various insurance products, software and information technology.

Education:
B.S. Cheyney University
M.B.A Wharton School of the University of Pennsylvania

Current and Former Non-Profit Affiliations:
Philadelphia Health Management Corporation, Cheyney University, Center for Literacy, Children First, African American Chamber of Commerce

Michael Pearson
Michael Pearson
Partner

Mike Pearson joined Iron Stone in 2018. He is a widely respected leader with more than 25 years of social C-Suite experience, deep public company, private family and private equity expertise as a front-line P & L entrepreneurial leader. He is a specialist in for-profit and non-profit operations in diversified industries.

Education:
Commission, The United States Army Officer Candidate School
Ranger Certification, The United States Army Ranger School
B.A. University of Pennsylvania
Executive Management Program The Tuck School of Business at Dartmouth
Executive Management Program Northwestern University Kellogg School of Management

Current and Former Non-Profit Affiliations:
Children’s Hospital of Philadelphia, William Penn Foundation, Philadelphia Foundation, Philadelphia Zoo, Philadelphia Health Management Corporation, Philadelphia Regional Port Authority, Advisory Council of the Federal Reserve Bank of Philadelphia, Philadelphia Museum of Art

See All News

The city sunk $50 million into a West Philly police HQ, then walked away. How did that happen?

Billy Penn – Jordan Levy - April 6, 2022
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London-based Achilles Therapeutics picks Philadelphia for its first U.S. location

Philadelphia Business Journal – Natalie Kostelni - March 1, 2022
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1,700 units of housing are set to vanish in the next 5 years. There’s little Philly officials can do

WHYY - By Ryan Briggs - Aaron Moselle November 11, 2021
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Life sciences labs slated for part of former Hahnemann hospital complex

The Philadelphia Inquirer – Harold Brubaker -July 27, 2021
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Drexel med labs to remain at Hahnemann while awaiting new on-campus building

The Philadelphia Inquirer – Jacob Adelman – June 3, 2021
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Drexel to Keep Labs in Center City

Philadelphia Business Journal – Natalie Kostelni – June 3, 2021
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The Death of Hanhemann-Hospital

The New Yorker- Chris Pomorski – May 31, 2021
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New Hahnemann landlord aims to keep Drexel labs in Philly, as school eyes move to former GSK site in Montgomery County

Philadelphia Inquirer - Jacob Adelman - March 9, 2021
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Philly landlords face slim returns from retail tenants…

The Philadelphia Inquirer – Jacob Adelman – April 20, 2020
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St. Christopher’s Hospital real estate to be bought by Philadelphia developer Iron Stone

The Philadelphia Inquirer – Harold Brubaker – January 27, 2020
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Bernie Sanders accused Hahnemann owners of a plan to make money off real estate. Is that realistic?

The Philadelphia Inquirer – Harold Brubaker – August 5, 2019
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Among rebuffed plans for jilted W. Philly police HQ site: climbing gym, charter school, homes by NFL’s Malcolm Jenkins

The Philadelphia Inquirer -Jacob Adelman – July 15, 2019
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Kenny’s Letter Leads to Passage of 4601 Market Street

The Philadelphia Tribune – Michael D’Onofrio – February 7, 2019
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New Life at Historic Landmark

East Falls Local – Carolyn Filmore – October 25, 2018
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NPHS Resolves Bankruptcy Debt Issues

Philadelphia Business Journal – John George – October 18, 2018
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More Details on the Health Care Campus Proposed for 46th and Market

West Philly Local – September 12, 2018
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4601 Market Street to Become Public Health Campus

The Philadelphia Inquirer – Jacob Adelman – August 20, 2018
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Falls Center Hits a Major Benchmark

The Philadelphia Business Journal – Natalie Kostelni – July 19, 2018
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Former first medical college for women becomes luxury apartments

Curbed Philadelphia – Anna Merriman – July 9, 2018
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No parking: City tells developers eyeing jilted police HQ site in West Philly to leave lots alone

The Philadelphia Inquirer – Jacob Adelman – May 17, 2018
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NPHS completes sale of Girard Medical Center

The Philadelphia Inquirer – Harold Brubaker – November 30, 2017
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Artist El Seed and Mural Arts Use Iron Stone Building As Canvas


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Affordable Housing Coming to 8th and Thompson

OCF Realty
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$8.5M sale of Philadelphia hospital gets tentative approval

The Philadelphia Business Journal – John George – August 16, 2017
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Bankruptcy judge tentatively approves Girard Medical Center sale

Philadelphia Inquirer
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Ironstone wins North Philadelphia Health System bankruptcy auction

The Philadelphia Inquirer – Harold Brubaker – August 11, 2017
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Rittenhouse Realty Advisors Sells 99 Units Totaling $11,775,000 in University City, Philadelphia, PA

GlobeNewswire
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Founded Coffee and Pizza is more than an innovative new business, it’s a classic immigrant success story.

East Falls Local
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Kismet Co-Work brings a taste of big city entrepreneurship to the Hill

Chestnut Hill Local
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Cooper Medical School is helping Camden’s ailing economy

Philadelphia Business Journal
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Inside Out Exhibition Lets You Enjoy Art for Free in Philly

Curbed Philadelphia
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Iron Stone awarded George Bonadio Leadership Award

Methodist Services Newsletter
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2015 Heavy Hitters of Real Estate and Top Deals announced

Philadelphia Business Journal
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N.E. Phila. office/warehouse complex emerges from loan tangle

The Philadelphia Inquirer - Philadelphia (June, 2015)
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In Camden, Development Projects Kindle Hope

The New York Times - New York (December, 2014)
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$17M residential development coming to Camden, after $6.2M in tax credits

Philadelphia Business Journal - Philadelphia (June, 2014)
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Small Carbon Footprint, Big Energy Savings

PGW News Blog - Philadelphia (April, 2014)
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Facility for ‘medically fragile children’ opens in East Falls

News Works - Philadelphia (April, 2014)
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Philadelphia Safety Collaborative Co-locates Child Victim Services

Al Dia News Media - Philadelphia (August, 2013)
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City of Philadelphia Opens Philadelphia Safety Collaborative

Press Releases - Philadelphia (August, 2013)
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City Breaks Ground on Victim Help Center

The Philadelphia Tribune - Philadelphia (August, 2012)
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GOLD AWARD: Falls Center Heritage Building, Philadelphia, Pa.

bdcnetwork.com - Philadelphia (January, 2012)
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Germantown Ave. prospers with old landlords gone

philly.com - Philadelphia (January 18, 2012)
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Iron Stone fund seeking $75 million

Philadelphia Business Journal - Philadelphia (December 2, 2011)
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Construction begins on new fitness center and bowling alley at the Falls Center

NewsWorks - Philadelphia (October 26, 2011)
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New Phila U. dorm welcomed as a win-win

NewsWorks - Philadelphia (August 2011)
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Mementos of life in 1930 emerge from time capsule

philly.com - Philadelphia (May 2011)
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New Table Tennis Club Opens in Philly

nbcphiladelphia.com - Philadelphia (January 11, 2011)
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Iron Stone Strategic Captial Partners Acquires Philadelphia Multifamily Portfolio

Philadelphia (January 10, 2011)
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Deal doesn’t inspire towering confidence

Philly Deals - Philadelphia (August 2010)
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Falls Center is still evolving

Philadelphia Inquirer - Philadelphia (November 2009)
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Momentum continues at Falls Center

The Review - Philadelphia (October 2009)
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Old Medical College of Pennsylvania campus shoring up

Philadelphia Business Journal - Philadelphia (October 2009)
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Philadelphia Investment Manager Switches Fund’s Focus to Debt

Commercial Real Estate Direct - Philadelphia (July 2009)
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Iron Stone tapping distressed loan fund

Philadelphia (June 22, 2009)
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Iron Stone Real Estate Aquires Philadelphia Multifamily Apartment Building

Philadelphia (June 15, 2009)
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Iron Stone Real Estate leases 60,000 s/f for charter school

Philadelphia (June, 2009)
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Iron Stone Real Estate announces lease at Falls Center with Eastern University for new charter school and programs

Philadelphia (May 7, 2009)
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$50M fund will buy back bad real estate bank notes

Philadelphia Business Journal
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Get in touch.

If you’re interested in working with us, or collaborating on a project, we’d love to hear from you.

FMC Tower
2929 Walnut Street, Suite 1540
Philadelphia, PA 19104

info@iron-stone.com215-508-2210