MRA Group (MRA), a privately held real estate development and client services firm, announced its acquisition of the former LMG Medical Building, a 40,000-square-foot medical office complex situated on over 10 acres, at 1001 South Broad St. in Lansdale, Pennsylvania. MRA has extensive renovation plans to modernize the building façade, deliver energy efficient improvements and change the name to Lansdale Medical Building (LMB).
Currently, LMB is 50% leased with tenants ranging from family practice, orthopedic surgery, physical therapy, imaging and lab diagnostics.
“We look forward to breathing life back into this destination community medical office facility,” said MRA President and Partner Mike Wojewodka. “With the improvements we are making, the ideal location in the Lansdale/North Wales area, and the current tenants in place, we plan to attract more healthcare providers bringing significant benefit to the surrounding community.”
MRA’s capital improvement plans will provide an enhanced experience for tenants, currently anchored by Grand View Health, LMG Family Practice and Labcorp. These upgrades are expected to be completed by the end of 2024.
