Orthopedic-care provider Rothman Institute and Carlino Commercial
Development have purchased an 88,000-square-foot office building at 510
Township Line Rd. in Blue Bell, where they plan $4.3 million in upgrades, the
two said in a release on Thursday.
The announcement follows the March 16 purchase of the
property by a partnership sharing a West Conshohocken address with Carlino for
$4.6 million, according to records filed with Montgomery County.
Rothman and Carlino plan a "complete
redevelopment" of the building, with the addition of a shared conference
room, a fitness center, a WiFi lounge and other new amenities, according to the
release.
Philadelphia-based Rothman will occupy about 17,000
square feet of the building in an expansion of its coverage area once the
rehabilitation is complete, they said.
Source: Philly.com
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