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ACP-ASIM Breaks Ground on New Building in Center City

Building is the largest office space construction project underway in Philadelphia

PHILADELPHIA -- (July 14, 2000) The American College of Physicians-American Society of Internal Medicine (ACP-ASIM), the largest medical specialty society in the United States, broke ground today on a 204,000-square-foot addition to its national headquarters building on Independence Mall in Philadelphia.

According to G. Craig Schelter, executive vice president of the Philadelphia Industrial Development Corporation (PIDC), the project is the largest office space construction project currently underway in the city. When complete, 204,000 square feet will be added to the existing 117,500-square-foot building, resulting in a building with 321,500 square feet of "Class A" office and parking space. The nine-story building project at Seventh and Race streets will employ approximately 150 union tradespeople and will cost an estimated $35 million. The projected completion date is January 2002. With the addition, the ACP-ASIM headquarters will have frontage on Sixth, Seventh, and Race streets, with the entrance facing the new Constitution Center on Independence Mall.

"ACP-ASIM has had a long commitment to the city of Philadelphia," said Walter J. McDonald, M.D., FACP, executive vice president and CEO of the organization. "We considered several locations outside of the city, but remaining in Center City proved to be the most attractive option. We appreciate the opportunity to be a part of the rebirth and development of Center City and the Independence Mall area."

The American College of Physicians-American Society of Internal Medicine is the nation's second-largest physician group, with a membership of more than 115,000 internal medicine physicians and medical students. ACP-ASIM is dedicated to the advancement of internal medicine so that its members can provide the best quality care for their patients. Doctors of internal medicine ("internists") are specialists in adult care and provide the majority of health care to adults in the United States. The organization has had its national headquarters in Philadelphia since 1926, and has been at its current location since 1989. It also has an office in Washington, D.C., which focuses on public policy efforts.

The headquarters expansion is needed to house the organization's expanding membership programs and staff. Since moving into its existing building in 1989, the American College of Physicians has merged with the American Society of Internal Medicine and increased its staff from 180 in 1989 to its current nearly 400-person payroll. In the same period of time, membership has risen from 64,000 to 115,000.

Barclay White Inc. of Blue Bell, Pa., will manage the project, with architectural services provided by Philadelphia-based Ballinger.

More information on the American College of Physicians-American Society of Internal Medicine can be found at www.acponline.org.

Contact:
Brian Wasson, 215/351-2513;
800/523-1546 x 2513;
bwasson@mail.acponline.org

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