Montecito Medical has completed the acquisition of two orthopedic medical office properties in East Norriton and Pottsville, PA.The buildings are fully occupied under long-term lease by Premier Orthopaedics. The newly constructed East Norriton property opened earlier this year. With over 35 locations in the Greater Philadelphia region, Premier Orthopaedics is the area’s dominant practice group in its specialty.“We are excited about the opportunity to acquire these two well-positioned buildings, one of which is brand new, and to work with the physicians of this market-leading orthopedic practice,” said Tyler Rhoades, Director of Acquisitions at Montecito Medical. Earlier this year, Montecito also acquired two other medical office properties in eastern Pennsylvania. “We remain excited about the market fundamentals of the Philadelphia area and look forward to working with other medical office owners here to help them make the most of their real estate,” said Chip Conk, CEO of Montecito Medical.
