PHILADELPHIA — Iron Stone Real Estate has leased 36,500 square feet of space at the Falls Center mixed-use development to The Visiting Nurse Association of Greater Philadelphia (VNA). The VNA, which is scheduled to take occupancy in spring 2009, will use 29,000 square feet as its administrative headquarters and the remaining 7,500 square feet as a 14-bed hospice. Anthony Falcone of M.S. Fox Realty Group represented Iron Stone. Wayne Fisher and Steve Gendler of Grubb & Ellis represented the tenant. Falls Center, which is being developed by Iron Stone Real Estate Fund I LP, is a 15-acre, 700,000-square-foot redevelopment of the former Women’s Medical College of Pennsylvania. Upon completion, it will contain 250,000 square feet of commercial, retail and office space; 300,000 square feet of apartments; and a 120,000-square-foot senior living facility.
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