6C — March 29 - April 11, 2019 — The Best of 2018 — M id A tlantic
Real Estate Journal
www.marejournal.com
The LARGEST MEDICAL OFFICE SALE of 2018
Marcus & Millichap-NJ Morristown Medical Arts Center Morristown, NJ
HFF-PA & NJ Atlantic Health System Campus Morristown, NJ
Size: 94,961 SF/2.18 Acres Broker: Fahri Ozturk
Evan Kovac
Ben Appel
Jose Cruz
Morristown Medical Arts Center is a 36,317 square foot, single story medical office building in Morris County’s highly affluent community of Morristown. With 96.6 percent occupancy and a private parking lot the property offers a rare Morristown oppor- tunity capturing the recent surge in population and rental rates within the submarket.
Size: 538,107 SF Brokers: Ben Appel, Jose Cruz & Evan Kovac
The Atlantic Health System Campus sale was considered the largest medical office sale in the state of New Jersey. The three-building medical office complex is 93% leased to At- lantic Health System and houses some of its critical offices and unique services. HFF rep- resented the seller, National Business Parks, Inc. and procured the buyer, Harrison Street Real Estate Capital, LLC.
Fahri Ozturk
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