College of Physicians Acquires Historic Chestnut Street Property

College of Physicians acquires historic Chestnut Street property for $9.3M as it works to expand campus

A historic Center City institution has acquired two neighboring buildings in an effort to expand its educational programs and community services. 

The College of Physicians of Philadelphia, located at 19 S. 22nd St., purchased the nearby property at 2129 Chestnut St. for $9.275 million from Corporate Facilities Inc., a workspace designer and furniture manufacturer based out of Pennsauken, New Jersey. The sale was finalized within the last month, according to the nonprofit’s CEO Dr. Mira Irons. 

The property was designed in 1881 by Theophilus Parsons Chandler, the founder of the University of Pennsylvania’s School of Architecture, and was originally the Church of the New Jerusalem. It has 21,700 square feet of office space across two interconnected buildings. 

*Article courtesy of Philadelphia Business Journal

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