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

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 by California-based investment banker Joel Freedman, who teamed with Harrison Street to buy Hahnemann in 2018.

“We’re happy that we’re able to provide some resolution to the uncertainty at Hahnemann and provide Drexel with some time, space and flexibility to build the future of their medical school where they want it,” said Jason Friedland, an Iron Stone partner.

The Philadelphia Inquirer – Jacob Adelman – June 3, 2021
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