Real Estate Weekly
Image default
Deals & Dealmakers

Urban Edge inks lease with Maimonides for new medical center

Urban Edge Properties announced that Maimonides Medical Center has leased 9,500 s/f at Kingswood Crossing along King’s Highway in Brooklyn’s Midwood neighborhood.

Slated for orthopedic medical offices, the Class A space provides a central, transit-oriented location for convenient employee and patient access with desirable and essential retail at the base of the building.

The new office will offer employees and patients sweeping views, and an abundance of natural light from a full floor roof deck and floor-to-ceiling windows.

The ground-up redevelopment of Kingswood Crossing into a modern mixed-use retail and office building was completed in 2019 and now offers the submarket’s largest and best-in-class office floorplates, ceiling heights, loading and parking, and boasts features seldom found in Central Brooklyn.

Two additional top floors, up to 40,000 square feet combined, are still available for lease.

“We acquired this property earlier this year believing that it is the best Class A office space in Midwood and highly attractive for institutional office tenants,” said Scott Auster, Senior Vice President for Urban Edge. “With Maimonides Medical Center, we’ve validated that belief and look forward to welcoming like-minded companies looking for a superior location, building, access and space.”

Justin DiMare of Newmark represented Urban Edge Properties and the tenant was represented by Nick Zweig from Locations Real Estate.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando