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Deals & Dealmakers

Medical provider moving to new complex

Construction of the new complex is slated to commence this summer.

Lee & Associates – New Jersey represented St. Joseph’s Health in securing a long-term lease of 60,000 s/f within a new 125,000 s/f Medical Arts Complex being developed by CHA Partners (CHA) in Totowa, NJ.

Lee & Associates brokers Brian Lynch, Peter Rasmusson, Jason Lynch and Joe Tormen exclusively represented St. Joseph’s Health in this 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 facility is slated to open in early 2021, and will serve as a primary and specialty care medical hub for patients.

Construction of the new complex is slated to commence this summer. The new building will include amenities for ease of scheduling, current technologies to enhance patient experience, and incorporate health and community education programs.

“Providing quality, community-based healthcare under one roof is our mission, and we are honored to welcome St. Joseph’s Health as the building’s anchor,” said Bill Colgan, managing partner of CHA Partners.

“We look forward to recruiting complementary healthcare services to Totowa and its local environs in order to provide a diverse mix of community-based healthcare services.”

CHA acquired the 140-acre mixed-use campus, formerly known as the North Jersey Developmental Center, and secured site plan approvals for five separate development parcels, including a 276,000 s/f data center, which is presently under construction, and a 262-bed senior care center which will consist of assisted living and skilled nursing care, the construction of which will commence later this summer.

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