St. Agnes Sells Constitution Health Plaza

Real Estate

St. Agnes sale of CHP to Hampshire-Stateside


St. Agnes MOB, LLC (“St. Agnes”) recently sold Constitution Health Plaza (“CHP” or the “Hospital”) to a group of investors led by Hampshire-Stateside, LLC.

Baird served as financial advisor to St. Agnes MOB, LLC on this transaction.


St. Agnes, founded in 2011, is led by Steven Atlass, whose career in real estate spans more than 30 years and includes commercial banking, mortgage finance, loan and property workouts, and property acquisitions, redevelopments, and operations. Recently, Mr. Atlass has focused on developing a practice around the purchase and rehabilitation of distressed assets that bear potential in terms of business opportunity and real estate value. He leverages his commercial banking experience as well as his background in private equity in negotiating with financial institutions to acquire these assets. Mr. Atlass performs discovery and due diligence with his team of independent advisors comprised of attorneys, financial advisors, general contractors, and technologists.

CHP is a 280,000 square foot medical office campus located in Philadelphia, Pennsylvania, and was originally St. Agnes Catholic Hospital. The Hospital was constructed in 1920 and received extensive renovations and additions in 1970. In 2011, Steven Atlass bought the asset and instituted a repositioning plan which included major renovations in 2012 and 2019, converting the Hospital into a multi-tenant Medical Office. Today, Constitution Health Plaza exhibits an impressive tenant roster including The University of Pennsylvania, Davita Dialysis centres, City of Philadelphia, Malvern Treatment Centers, Mercy Health, Fox Subacute, The IMA Group, and many more.

Hampshire-Stateside is a venture between affiliates of The Hampshire Companies and Stateside Capital Partners. The Hampshire Companies is a vertically integrated real estate private equity firm with approximately $2.4 billion of AUM across 275 properties exceeding 17.5 million square feet. Stateside Capital Partners specializes in strategic joint ventures of single asset or portfolio-based opportunities in partnership with off-shore investors. In the past twelve months the venture has completed approximately $185 million in new acquisitions.
Real Estate

St. Agnes sale of CHP to Hampshire-Stateside

January 2022
St. Agnes MOB, LLC
M&A - Sellside
Real Estate
Real Estate
Target Geography
North America
Acquiror Geography
North America