16C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal
The LARGEST MEDICAL OFFICE LEASE of 2019
Atkins Companies Rothman MOB Washington, Twp., NJ
NAI Summit 89 S Commerce Way Bethlehem, PA
ROCK Commercial Real Estate 1245 W Princess St York, PA
Size: 25,090 SF Broker: Mike Adams
Size: 40,000 SF Brokers: Scott Martin of Avison Young
Mike Adams of NAI Summit represented the tenant, Tyber Medical, in the multi-year lease transaction for industrial/flex space at 89 S Commerce Way in Bethlehem, PA. Previous to this transaction, Tyber Medical was solely leasing office space when they needed to not only expand their space but acquire flex space for their in-house production needs. The location on S CommerceWay provided them the space types they needed in a professional business park setting, Lehigh Valley Industrial Park IV, with easy access to main high- way systems. Tyber Medical LLC, is an orthopedic device manufacturer addressing the industry’s need for rapid access to FDA cleared and CE Marked implants in the spine and extremity/trauma markets.
Completed in 2018 through a joint venture partnership between Atkins Companies and Woodmont Properties, the 40,000 SF Rothman Medical Building was a visionary medical office building designed to anchor the partners’ 35- acre, mixed-use Washington Square Town Center project in Washington Township, NJ.With JVpartner and anchor tenant Rothman Orthopedic Institute taking 20,000 SF upon the building’s completion, the partners brought the remainder of the building to full occupancy in 2019 with three additional medical office leases to a variety of regional healthcare com - panies totaling 20,000 SF. The leases have now established the Rothman Medical Building as the premier medical office building in the local market.
Size: 17,280 SF Broker: Greg Finkelstein Wellspan Properties occupies the space.
Over six decades of commercial real estate development, ownership, and management experience
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