Real Estate Weekly
Image default
Deals & Dealmakers

Healthcare provider putting focus on quality care with opening of new center

Lee & Associates New Jersey represented St. Joseph’s Health in securing a long-term lease of a 60,000 s/f four-story medical office building at 169 Minnisink Road in Totowa, New Jersey.

A team of brokers that included Brian Lynch, Peter Rasmusson, Jason Lynch and Joe Tormen exclusively represented St. Joseph’s Health in the transaction.

“St. Joseph’s will transform the site into a state-of-the-art, high quality medical facility and deliver the level of care for which the health system is known,” commented Rasmusson.

The center is slated to open in early 2021 and will serve as a primary and specialty care medical hub for patients.

“By creating an Ambulatory Care Center in the Totowa community, St. Joseph’s is expanding our services to increase access to high-quality health care,” said Kevin J. Slavin, President & CEO of St. Joseph’s Health.

“Located conveniently adjacent to major highways, we look forward to bringing primary and specialty care and the latest diagnostic and treatment options to the entire Totowa region in a state-of-the-art center designed for patient convenience.”

The new site, which will begin construction this summer, will offer patients primary care physicians and specialists. The center also will include the latest technology to enhance patient experience.

The property, originally part of a 147-acre parcel, was acquired by Community Health Care Associates (CHA) represented by Bill Colgan.

“With its proximity to Routes 80, 46 and 23 and mass transportation we recognized the property’s strength and attractiveness in the medical office space market in Passaic County. It represented a tremendous opportunity for St. Joseph’s expansion and accessibility goals,” said Lee & Associates principal Brian Lynch.

(Visited 1 times, 1 visits today)

Related posts

French-American School sells White Plains campus to developer

REW

ON THE SCENE: Latest middle market sales

REW

Blackstone acquires $2.8B logistics portfolio from Cabot

REW