River Park One

Location: Conshohocken, PA
Type: Office
Price: $20,300,000

SMC has provided a $20,300,000 ten-year fixed rate mortgage for the acquisition of River Park I, a single-tenant office building located in Conshohocken, PA that is long-term leased to Reimbursement Technologies, Inc. The property was re-built and expanded in the 1950’s and fully renovated in 1999-2000 and expanded further to its total of 167,663 square feet today. Reimbursement Technologies, Inc. (RTI), a division of Envision Healthcare (NYSE: EVHC), was founded in Conshohocken in 1991 to provide comprehensive service-oriented billing and financial management services primarily to emergency department physicians. The lease is guaranteed by Envision Healthcare Corporation.