On March 6th, The Philadelphia Business Journal reported on the possibility of Jefferson Health moving its headquarters from Center City to the suburbs. From the article:

Jefferson Health is weighing moving its headquarters out of Philadelphia as the hospital giant’s footprint continues to expand across the region and into the Lehigh Valley, CEO Dr. Joseph Cacchione said Thursday.

“One of the things we have to think about, as much as I hate to say it, is does it make sense for our headquarters to be [in Center City],” Cacchione said during an interview at a Philadelphia Business Journal event.

Whatever decision the health system makes with respect to its headquarters, Cacchione stressed Jefferson is a 201-year-old Philadelphia organization and will continue to have a “strong presence” in the city.

The current headquarters in Center City is approximately 230,000 square feet and approximately 2,000 people work there. To give you some size comparison, Cencora’s headquarters is 429,122 square feet and was constructed for 1,500 employees. Cencora’s space was built to serve as its headquarters. Jefferson Health moved into a building as a lead tenant after Aramark departed.

Is there room for Jefferson Health in Conshohocken, West Conshohocken, or Plymouth Meeting?

In Conshohocken, one of the older or smaller office buildings would likely need to be knocked down to make room for it. Some options are along the Schuylkill River and West Elm Street. On the Whitemarsh side of the border along the river, one property does not have a current redevelopment plan and is currently used for a masonry business.

In West Conshohocken, a plan for a nine-story, 210,603-square-foot office building at 400 Barr Harbor Drive has been approved. However, it has not been constructed.

In Plymouth Meeting, there is Metroplex II, an approved 10-story, 280,000-square-foot office building that has yet to be constructed.

In 2021, there was a plan to reimagine the Plymouth Meeting Mall and convert up to 250,000 square feet of the mall into office space (basically everything in the interior between Dick’s Sporting Goods and Boscov’s).

In the article in The Philadelphia Business Journal, Jefferson Health’s CEO does not offer where they are looking or plan to look and plainly states that a move is not definite or imminent.

However, in addition to Conshohocken, West Conshohocken, and Plymouth Meeting, based on where big companies have publicly been stated to look in recent years, other likely suspects for Jefferson Health to land are Bala Cynwyd, King of Prussia, Radnor, Bala Cynwyd, and Fort Washington.

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