J.G. Petrucci, Mediplex launch Horsham healthcare-retail joint venture

J.G. Petrucci Company and Mediplex Property Group have formed a joint venture to develop about 100,000 square feet of healthcare and retail space in Horsham, Pennsylvania. The project is planned for a 15-acre site on Easton Road and is expected to begin land development in Q1 2027.

Why it matters: - The project adds new healthcare and retail capacity in Horsham and nearby communities. - The planned campus could deepen two firms’ presence in a market already drawing development interest. - The site sits near the former Willow Grove Naval Air Station corridor, a location with long-standing commercial significance.

What happened: - J.G. Petrucci Company and Mediplex Property Group announced a joint venture development project in Horsham, Pennsylvania. - The planned campus is expected to total about 100,000 square feet. - The development is planned for 1300 Easton Road on a 15-acre site. - The property is across from the main entrance of the former Willow Grove Naval Air Station. - The companies expect to begin the land development process in Q1 2027.

The details: - The campus is designed for healthcare and retail uses. - The project is still in the planning phase. - The development has already drawn interest from healthcare and retail anchor tenants. - J.G. Petrucci is developing 324,000 square feet of light industrial space about a quarter mile from the site. - Mediplex Property Group has previously developed outpatient healthcare facilities elsewhere in Horsham Township. - Jeffrey Goldstein, principal at Mediplex Property Group, said the firm has spent nearly two decades developing assignment-driven healthcare properties. - Goldstein also said Mediplex has had a strong relationship with Horsham Township residents, professional staff and elected officials over the past several years. - Greg Rogerson, principal at Petrucci, said the partnership reflects the company’s commitment to the Horsham community. - Rogerson said early interest in the project has been very strong.

Between the lines: - The joint venture extends both firms’ existing footprints rather than marking a first move into the area. - Early tenant interest suggests the market may support a mixed healthcare-retail concept before construction begins. - The location near other Petrucci development activity may help the companies build a larger corridor presence in Horsham.

What's next: - The companies plan to move into land development in Q1 2027. - Leasing and development inquiries are being directed to Jeffrey Goldstein at jgoldstein@mediplexpropertygroup.com. - More information is available on J.G. Petrucci’s website and Mediplex Property Group’s website. - Mediplex also maintains a LinkedIn presence at its company page.

The bottom line: - The joint venture signals continued investment in Horsham’s healthcare and retail market, with ground work expected to start in 2027.