WHYY - By Ryan Briggs - Aaron Moselle November 11, 2021

Friedland said the company was not speculating on expiring affordable housing developments and had no plans to convert properties like Center Post Village, which now sits amid an increasingly valuable life science hub and will be up for a HUD renewal again in 2024. He said the guaranteed income…

Life sciences labs slated for part of former Hahnemann hospital complex

New owners of part of the Hahnemann complex hope to tap in to surging demand for research and development laboratories.

by Harold Brubaker Iron Stone Real Estate Partners, which recently acquired part of the former Hahnemann University Hospital complex, plans to offer one of the buildings as research and development laboratories for the Philadelphia region’s growing life sciences sector. The Hahnemann structure Iron Stone selected for labs had housed Hahnemann’s…

Drexel med labs to remain at Hahnemann while awaiting new on-campus building

By Jacob Adelman - June 3, 2021

Iron Stone is under contract to buy the campus’ New College Building and other properties comprising about 800,000 square feet currently owned by Harrison Street Real Estate Capital of Chicago. The deal does not include the attached main hospital tower at Broad and Vine Streets or other properties owned…

Drexel to Keep Labs in Center City

- Natalie Kostelni

“We structured a deal that gave them some optionality,” said Matthew Canno of Iron Stone. “They are welcome to stay longer if it takes more time for them to build their University City building.”

The Death of Hanhemann-Hospital

By Chris Pomorski May 31, 2021

…“It’s not the path that anyone would have chosen,” Andrew Eisenstein, the founder of the Philadelphia development and investment firm Iron Stone Real Estate Partners, said. (Iron Stone later acquired two parcels of real estate from companies controlled by Freedman and Harrison Street.)

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

Jason Friedland, an Iron Stone partner, said his company agreed to buy that building and other Harrison Street-owned properties under the premise that Drexel would opt to have a new lab facility built for itself in University City within the next few years. In that case, Iron Stone would…

Philly landlords face slim returns from retail tenants…

- Jacob Adelman, Philadelphia Inquirer

Jason Friedland, a partner with Iron Stone Real Estate Partners, said most occupants of his group’s 300,000 square feet of retail at various sites in Center City, Germantown, and the Northeast have been left “essentially insolvent” by the pandemic. Iron Stone has told its retail tenants, which include gyms,…

St. Christopher’s Hospital real estate to be bought by Philadelphia developer Iron Stone

by Harold Brubaker, Updated: January 27, 2020- 5:00 AM

Iron Stone Real Estate Partners, a Philadelphia developer known for acquiring financially distressed health-care properties, has agreed to pay $65 million for the buildings and other property occupied by St. Christopher’s Hospital for Children, according to people with direct knowledge of the pending deal. The sale of St. Christopher’s…

Bernie Sanders accused Hahnemann owners of a plan to make money off real estate. Is that realistic?

Philadelphia Inquirer

“Not knowing the intricacies here, I think he cut up the pieces, leveraged them as much as possible, which is what investment bankers do, and rolled the dice,” said Jason Friedland, a partner at Iron Stone Real Estate Partners, a Philadelphia firm that redeveloped the former Medical College of…

Among rebuffed plans for jilted W. Philly police HQ site: climbing gym, charter school, homes by NFL’s Malcolm Jenkins

Philadelphia Inquirer

Before embracing plans to revamp the historic Provident Mutual Life Insurance Co. property in West Philadelphia into a public-health campus, city officials vetted proposals for the site that included a rock-climbing gym, a charter school, and homes developed by a group involving Eagles safety Malcolm Jenkins. Those rebuffed ideas are…

Kenny’s Letter Leads to Passage of 4601 Market Street

- Philly Tribune

A last-minute letter from Mayor Jim Kenney providing unknown assurances compelled Councilwoman Jannie Blackwell to flip-flop on legislation that sets the stage for the sale of the former Provident Mutual Life Insurance Co. building in West Philadelphia.

New Life at Historic Landmark

- East Falls Local

Local leaders, stakeholders, neighbors, and business owners gathered at the former MCP hospital building October 4th to celebrate the grand opening of The Preston Luxury Apartmentsat Falls Center. Councilman Curtis Jones and Kathleen Hogan (EFDC’s executive director) addressed the crowd enjoying a serious spread of nibbles and refreshments in the pillared…

NPHS Resolves Bankruptcy Debt Issues

- Business Journal

A U.S. Bankruptcy Court Judge has approved a settlement agreement involved North Philadelphia Health System, Independence Blue Cross and the Committee of Unsecured Creditors for the health system. …Earlier this year, NPHS entered into a deal to sell Girard Medical Center to Philadelphia-based Iron Stone Real Estate Partners for…

More Details on the Health Care Campus Proposed for 46th and Market

- West Philly Local

The developers of the sprawling former Provident Mutual Life Insurance property at 46th and Market Streets began a series of stops at neighborhood groups last night at the Spruce Hill Community Association (SHCA) monthly board meeting to garner support and input for its proposed health campus. A partnership between Philadelphia-based…

4601 Market Street to Become Public Health Campus

Philadelphia Inquirer

Iron Stone selected in city-wide RFP to purchase and re-develop 4601 Market Street.

Falls Center Hits a Major Benchmark

Business Journal

The remaining space is leased to a series of medical, office, educational and other tenants. For example, Eastern University, Einstein Health Partners, Elwyn, Trolly Car Table Tennis Club and Capogiro Gelato are among the tenants in the buildings. Iron Stone bought MCP in June 2006 for $11 million and…

Former first medical college for women becomes luxury apartments

- Curbed Philadelphia

A campus that once held the country’s first medical school for women is getting transformed into a luxury apartment building—and representatives say they want to honor the structure’s rich, feminist history.

No parking: City tells developers eyeing jilted police HQ site in West Philly to leave lots alone

Philadelphia Inquirer

…finalists to develop the site are Boston’s WinnCompanies L.L.C. and a partnership between Ironstone Real Estate Partners and the Public Health Management Corp. nonprofit health institute, both of Philadelphia, according to representatives of the companies. Ironstone’s past projects have included the redevelopment of the Medical College of Pennsylvania’s former campus…

NPHS completes sale of Girard Medical Center

Philadelphia Inquirer

The bankrupt North Philadelphia Health System on Thursday completed the sale of Girard Medical Center to Iron Stone Real Estate Partners for $8.45 million, said Jason E. Friedland, partner and director of investments at Iron Stone.  Philadelphia will rent the facility from Iron Stone for $2.2 million in the first…

Artist El Seed and Mural Arts Use Iron Stone Building As Canvas

About the Project Home, identity, and displacement are concepts that affect us all in different ways. A new mural from internationally-renowned artist eL Seed explores these themes through his trademark “calligraffiti” style, brightening a West Philadelphia wall and opening up a conversation. This mural is the culminating project of…

Affordable Housing Coming to 8th and Thompson

OCF Realty

North Philadelphia Health System, owner of the property in question and also the Girard Medical Center, filed for bankruptcy at the beginning of this year, creating a potential scenario in which the property would be purchased by a party other than Project HOME. Last month though, a judge indicated approval for a…

$8.5M sale of Philadelphia hospital gets tentative approval

Philadelphia Business Journal

“Our goal is to negotiate a long-term plan to keep the facility as a behavioral health care hospital,” said Jason E. Friedland, an Ironstone partner. “The reality is there were other potential buyers out there who wanted to shut down the hospital and turn it into housing. We want to…

Bankruptcy judge tentatively approves Girard Medical Center sale

Philadelphia Inquirer

Pending final review, U.S. Bankruptcy Judge Magdeline D. Coleman on Tuesday said she would approve the sales of North Philadelphia Health System’s properties at Eighth Street and Girard Avenue for a combined $10.25 million.

Ironstone wins North Philadelphia Health System bankruptcy auction

Philadelphia Inquirer

Ironstone Real Estate Partners won Friday’s North Philadelphia Health System (NPHS) bankruptcy auction, agreeing to pay $8.5 million in cash with no contingencies, but with some twists to make the deal for the behavioral health operation work.

Rittenhouse Realty Advisors Sells 99 Units Totaling $11,775,000 in University City, Philadelphia, PA


Rittenhouse Realty Advisors is pleased to announce the sale of the of the Florence Garden Apartments, located at 506 S. 41st Street, and The Lexington, located at 4207 Chester Avenue, both in the University City section of Philadelphia.

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

East Falls Local

Founded Coffee and Pizza is more than an innovative new business, it’s a classic immigrant success story. Fahri Demirpence, owner of Founded Coffee and Pizza on Henry Ave., didn’t always dream of coming to America. But when he was growing up in the village of Atmanek in Turkey (near Suruc and…

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

Chestnut Hill Local

There aren’t many spaces like Kismet Co-Work in Chestnut Hill. Spacious and contemporary, it feels like the sort of office space you’d encounter in Center City – perhaps in a well refurbished warehouse in Old City or even Northern Liberties. But Kismet, the brainchild of local Realtor Chris Plant,…

Cooper Medical School is helping Camden’s ailing economy

Philadelphia Business Journal

While nobody has discovered a cure to treat all of Camden’s economic woes, the city’s 4- year-old medical school has provided an effective dose of medicine. Last week, the Cooper Medical School of Rowan University — which occupies a block on Broadway once home to a methadone clinic, a…

Inside Out Exhibition Lets You Enjoy Art for Free in Philly

Curbed Philadelphia

Market and North Second street is undoubtedly one of the busiest corners in Old City. On a recent Wednesday night, construction workers were busy placing new bricks on the sidewalk while tourists and locals alike walked past on their way to…

Iron Stone awarded George Bonadio Leadership Award

Methodist Services Newsletter

This year, Methodist Services opened the first phase of a new permanent housing program that serves chronically homeless women. This new program, given the name Hope Bridge, operates in partnership with Iron Stone Strategic Capital Partners, a real…

2015 Heavy Hitters of Real Estate and Top Deals announced

Philadelphia Business Journal

The Wordsworth Community Umbrella Agency, known locally as CUA 5, needed to find an office that was at least 27,000 square feet, which made finding options difficult. Also the CUA 5 program was limited by annual funding cycles and an initial three-year… renewable contract, so structuring the needed long-term…

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

The Philadelphia Inquirer - Philadelphia (June, 2015)

Nine years ago, New York-based investment-fund promoter CanAm Enterprises used money from overseas investors seeking U.S. visas to lend money to a hospice business in a sprawling Northeast Philadelphia office and warehouse complex…

In Camden, Development Projects Kindle Hope

The New York Times - New York (December, 2014)

In a city with a bleak history of crime and poverty, plans for real estate development suggest there is new hope for an economic revival, thanks in large part to tax credits from a state-run program…

$17M residential development coming to Camden, after $6.2M in tax credits

Philadelphia Business Journal - Philadelphia (June, 2014)

A Philadelphia developer is venturing into Camden, N.J., for the first time and plans to construct a new $17 million apartment complex. Armed with $6.2 million in tax credits from the New Jersey Economic Development Authority, Iron Stone Strategic Capital Partners expects to begin construction in July on a…

Small Carbon Footprint, Big Energy Savings

PGW News Blog - Philadelphia (April, 2014)

New energy saving measures implemented by Iron Stone…

Facility for ‘medically fragile children’ opens in East Falls

News Works - Philadelphia (April, 2014)

When Nina Mapp was pregnant with her first child, ultrasound images gave her doctors reason for pause. “The bones,” the North Philadelphia woman recalls being told last year, “are growing weird.” The words scared Mapp, as nonspecific as they were at the time…

Philadelphia Safety Collaborative Co-locates Child Victim Services

Al Dia News Media - Philadelphia (August, 2013)

Mayor Nutter and city officials opened the Philadelphia Safety Collaborative facility in Hunting Park on Monday, August 26, 2013. The facility is the first in the city, and one of few in the nation, to co-locate the Department of Human Services, Philadelphia Police Special Victims Unit, the Philadelphia Children’s…

City of Philadelphia Opens Philadelphia Safety Collaborative

Press Releases - Philadelphia (August, 2013)

Mayor Michael A. Nutter, City officials and partner organizations officially opened the Philadelphia Safety Collaborative,the newly co-located site for members of the Philadelphia Police Department(PPD) Special Victims Unit (SVU), Department of Human Services (DHS) SexualAbuse Investigation Unit, Philadelphia Children’s Alliance and staff from the DistrictAttorney’s Office.

City Breaks Ground on Victim Help Center

The Philadelphia Tribune - Philadelphia (August, 2012)

Police and city officials broke ground on a new special victim’s center on Friday in Hunting Park, which will allow victims, their advocates, the police and prosecutors to come together at one location to investigate criminal allegations involving children.

GOLD AWARD: Falls Center Heritage Building, Philadelphia, Pa. - Philadelphia (January, 2012)

“They finished under budget and ahead of schedule despite meeting many obstacles. The Building Team really persevered,” said BD+C Reconstruction Award Judge Steve Martinez…

Germantown Ave. prospers with old landlords gone - Philadelphia (January 18, 2012)

Cira Center-based Iron Stone Strategic Capital Partners has foreclosed the former Asher’s chocolate factory, the ex-Germantown Farmers’ Market, and other Germantown Ave. properties…

Iron Stone fund seeking $75 million

Philadelphia Business Journal - Philadelphia (December 2, 2011)

Iron Stone Real Estate Group is launching its third investment fund and is seeking to raise $75 million…

Construction begins on new fitness center and bowling alley at the Falls Center

NewsWorks - Philadelphia (October 26, 2011)

Pardon the pun, but a bowling alley is rolling into East Falls. The owners of Sweat gyms are creating the 10th location of the area fitness chain, along with a 10-lane bowling alley, in the Falls Center…

New Phila U. dorm welcomed as a win-win

NewsWorks - Philadelphia (August 2011)

Philadelphia University has a new dorm in a familiar building…

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

It was buried at the old Woman’s Medical College. At first, no one was sure what to make of the find. Inside a wall next to the 1929 cornerstone of…

New Table Tennis Club Opens in Philly - Philadelphia (January 11, 2011)

Call it ping-pong or table tennis, it’s the new rage in our area. Tim Furlong took us inside a brand new club that’s already attracting players of all skill levels…

Iron Stone Strategic Captial Partners Acquires Philadelphia Multifamily Portfolio

Philadelphia (January 10, 2011)

Iron Stone Strategic Capital Partners (Iron Stone) today announced two separate acquisitions totaling nearly 800 apartment units in twelve buildings for an undisclosed price of approximately $25,000,000. The acquisition is the latest in a series of strategic purchases by Iron Stone’s Fund II, an…

Deal doesn’t inspire towering confidence

Philly Deals - Philadelphia (August 2010)

What will it take to get big private construction projects started again around Philadelphia? Last weeks sale of the 53-story former Bell Atlantinc headquarters tower at 1717 Arch St., to Brandywine Realty Trust, for just $129 million, or $125 per square foot, could prove a good deal for Brandywine when…

Falls Center is still evolving

Philadelphia Inquirer - Philadelphia (November 2009)

The historic location of the Woman’s Medical College of Pennsylvania is now becoming a medical and educational complex. Despite a bad commercial real estate market, the center continues to attract new tenants. There is no tidy commercial real estate category for the Falls Center. The identity of the 12-acre…

Momentum continues at Falls Center

The Review - Philadelphia (October 2009)

Iron Stone Real Estate Companies (“Iron Stone”) announced that the Dr. Gertrude A. Barber National Institute (“Barber”) has signed a new lease at Falls Center, located at 3300 Henry Avenue in East Falls. Barber is…

Old Medical College of Pennsylvania campus shoring up

Philadelphia Business Journal - Philadelphia (October 2009)

Three years after Iron Stone Real Estate Group bought the former Medical College of Pennsylvania campus at 3300 Henry Ave. in Philadelphia’s East Falls, the property is cash-flow positive, refinanced and on its way to being fully leased up. The latest tenant to take space at what has been…

Philadelphia Investment Manager Switches Fund’s Focus to Debt

Commercial Real Estate Direct - Philadelphia (July 2009)

Iron Stone Real Estate Co. has switched its investment focus to distressed debt from equity transactions and is leveraging its local market expertise to find opportunities. “Lenders are not about to air their dirty laundry, so a lot of what you can learn about debt available for sale is…

Iron Stone tapping distressed loan fund

Philadelphia (June 22, 2009)

Iron Stone Real Estate Cos. has made another buy with a $50 million fund to buy bad bank notes collateralized by commercial real estate. It picked up a loan associated with the Manor on Ogontz Avenue in Philadelphia and the deal led Iron Stone to negotiating a deed in…

Iron Stone Real Estate Aquires Philadelphia Multifamily Apartment Building

Philadelphia (June 15, 2009)

Iron Stone Real Estate Fund II (“Iron Stone”) today announced that its multi-family housing division has acquired a $12 million distressed commercial mortgage collateralized by one apartment rental building by LaSalle University’s campus…

Iron Stone Real Estate leases 60,000 s/f for charter school

Philadelphia (June, 2009)

Iron Stone Real Estate Companies announced that Eastern University has signed a lease at Falls Center with its affi liate, 3300 Henry LP. Effective July 1, 2009, Eastern University – based in the Philadelphia suburb of St. Davids – is moving several programs, including its new Academy Charter School,…

Iron Stone Real Estate announces lease at Falls Center with Eastern University for new charter school and programs

Philadelphia (May 7, 2009)

Iron Stone Real Estate Companies today announced that Eastern University has signed a lease at Falls Center with its affiliate, 3300 Henry LP. Effective July 1, 2009, Eastern University – based in the Philadelphia suburb of St. Davids – is moving several programs, including its new Academy Charter School,…

$50M fund will buy back bad real estate bank notes

Philadelphia Business Journal

Iron Stone Real Estate Cos. established a $50 million fund and a new division to buy bad bank notes backed by commercial real estate properties. It’s a way for the company’s newly formed debt acquisition division to buy real estate in the region at a huge discount, build up…