PHILADEPLPHIA- OrthopaediCare, formerly the Orthopedic Specialty Center has paid $3.2 million for a 5.5-acre pad site within New Britain Corporate Center, a 62-acre master planned office campus project located 30 miles north of here in Chalfont, PA. The seller is the center’s master developer, locally based BPG Properties Ltd.

OrthopaediCare intends to build a 33,000-square-foot orthopedic center on its site. Construction of the new outpatient center is slated to begin this October, pending approvals. The center is expected to open this coming May.

Located adjacent to the 130,000-square-foot New Britain Village Shopping Center, New Britain Corporate Center is fully approved for the development of up to 465,000 square feet of commercial space. Presently it includes a 50,000-square-foot multi-tenanted office building; a 70,000-square-foot office building developed as a build-to-suit for Chrysler Financial Services Americas LLC; a medical building for Children’s Hospital of Philadelphia; a life care center; and a day care center.

Current approvals allow for a 50,000-square-foot, two-story office building; a single-story 31,600-square-foot office/flex building; a two-story 59,600-square-foot office/flex building; and 150,000 square feet of office space, all within 11 planned one- and two-story office buildings.

BPG is a private equity real estate fund manager. Its portfolio includes 20 million square feet of office, retail, student housing, and industrial properties and more than 25,000 apartment units in more than 100 communities located throughout the United States. The firm’s regional offices are located in Los Angeles, Chicago, Boston, Atlanta, Raleigh-Durham and Washington, DC.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.