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.

Liberty Property Trust, which is being merged with Prologis in a nearly $13-billion deal, has sold a number of its properties in the Philadelphia Navy Yard of late, including One Crescent Drive, which totals more than 76,000 square feet, and the 80,050-square-foot 201 Rouse Blvd. office building to Ensemble Real Estate. The Phoenix-based firm stated last month that it also had a deal to acquire 150 Rouse Blvd., a 56,412-square-foot office building and 1200 Intrepid Ave., a 91,971-square-foot office property at the Navy Yard from Liberty Property Trust.