LEED for MOB

LEED matters in medical office buildings, Matrix Development Group SVP Richard Johnson tells us. It allows a medical tenant to operate a work environment on an extremely cost-efficient basis for energy-related expenses, he says, which comprise a significant portion of an MOB's total occupancy costs. (As long as they don't start reusing needles, we're behind them 100%.) Besides, a commitment to sustainability can establish a marketing advantage for a medical tenant. One of Matrix's MOB developments--a 12k SF structure in Bucks County, built for Lower Bucks Pediatrics, above--gained LEED certification.

Continue reading this story with a free account

Log in or register
Related Topics: Bucks County
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Tenant Departure Leaves Beleaguered Broad Street Office Over Half-Vacant

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

4,500-Acre Data Center District Approved In Pennsylvania Town

Affordable Housing Giant Starts $180M Philly Push: The Philadelphia Deal Sheet

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders