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3 Crescent Drive is a 96,000-square-foot fully occupied medical office building at the Philadelphia Navy Yard. 3 Crescent Drive is a 96,000-square-foot fully occupied medical office building at the Philadelphia Navy Yard.

PHILADELPHIA—Norvin Healthcare Properties has acquired a fully-occupied medical office building at 3 Crescent Drive at the Philadelphia Navy Yard from Liberty Property Trust in an off-market transaction, Globest.com has learned.

The 96,000-square-foot building is mostly occupied by Thomas Jefferson University Hospitals Inc. (Jefferson Health) under a long-term lease. No financial terms of the transaction were disclosed.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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