18A — March 2025 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
NAI James E. Hanson brokers sale of 3,125 s/f mixed-use bldg.
O’Donnell & Naccarato provides MEP services AST celebrates ambulatory medical pavilion completion
N
EW BRUNSWICK, NJ — AST, RWJBarn- abas Health and New
Brunswick Mayor James Cahill celebrated the ribbon cutting for the Robert Wood Johnson University Hospital Ambulatory Medical Pavilion, a state-of-the-art, 15-story build- ing located at 210 Somerset St. Developed and owned by AST, the 229,000 s/f pavilion is mas- ter leased to Robert Wood John- son University Hospital, an RWJBarnabas Health facility, and will substantially increase access to comprehensive care in the region. Situated in the heart of New Brunswick’s healthcare district, AST worked closely with RWJUH, the state’s largest academic medical center through its partner- ship with Rutgers Robert Wood Johnson Medical School (RWJMS) to design and build a facility tailored to the health system’s long- term needs. The RWJUH Ambulatory Medical Pavilion supports RWJUH centers of excellence service lines in an outpatient setting. The build- ing features leading-edge exam rooms to enhance clini- cal practice workflows and the patient experience, along with a modern ground floor lobby complete with a café and direct access to the adja- cent public parking garage. AST’s vision for 210 Somer- set Street dates back nearly 20 years when it began its three-phase redevelopment for a 1.20-acre city block between Somerset St. and French Street in downtown New Brunswick. Redevelop-
22 Kinderkamack Rd.
ORADELL, NJ — NAI James E. Hanson has ne- gotiated the sale of a 3,125 s/f mixed-use building located at 22 Kinderkamack Rd. in Oradell. for $827,500. Vice presidents Anthony Cas- sano and Dick Hecker represented the seller, Lee Squire, and Christie’s In- ternational Real Estate represented the buyer, Adam Dayson of Dayson’s Home Improvements . 22 Kinderkamack Rd. comprises 1,250 s/f of retail space leased to Nick and Van Nails and 1,875 s/f of ware- house space. The property boasts proximity to several major highways including Rtes. 4, 17 and 208, I-80 and the Garden State Parkway, along with prime visibility and over 100 feet of front- age along Kinderkamack Rd. Dayson will utilize the vacant warehouse space at 22 Kinderkamack Rd. for his business. “Flexible spaces like 22 Kinderkamack Rd. continue to see strong demand in the Bergen County market,” said Cassano. “We were proud to help our client attract a buyer and wish the new owner all the best with the property.”
In a second transaction, NAI James E. Hanson nego- tiated the sale of a 1,000 s/f professional/medical office condo located at 6 Oxbow Ln. in Hardystown. Vice President of NAI James E. Hanson Joseph Vindigni represented the seller, EKP Ventures, LLC , in the trans- action with the buyer, Frank Cunha III, AIA . 6 Oxbow Ln. is a 5,000 s/f professional/medical office building strategically located just off Rte. 94 in Sussex County. The building boasts ample on-site parking, a spacious reception/waiting area, and multiple entrances providing convenient ac- cess. The buyer, principal of fc3architecture+design , a full-service architectural firm, will utilize the 1,000 s/f first-floor condo as the company’s headquarters. “The office condo at 6 Ox - bow Lane presented the buyer with a unique op- portunity to secure a well- located office space that fit perfectly within his price range,” said Vindigni. “I am happy to have helped my cli- ent secure a buyer and facili- tate this mutually beneficial transaction.” MAREJ
210 Somerset St.
ment efforts commenced in 2006 with the turnkey of an 854-space parking garage on behalf of the New Brunswick Parking Authority. In 2008, AST completed 10 Plum, a nine-story, 125,000 s/f medi- cal office building also leased to RWJUH. 10 Plum features four operating rooms, one procedure room, a 10-bed post-anesthesia care unit as well as a 13-bed pre- and post-operative area. The mul- tispecialty center offers gen- eral, gynecological, vascular, plastic, podiatric, and retina- vitreous surgery, as well as pain management, and endoscopy procedures. To- gether, 10 Plum and 210 Som- erset offer a total of 354,000 s/f of medical space, creating a premier destination for ambulatory care in downtown New Brunswick. “This ribbon cutting rep- resents the realization of a vision nearly two decades in the making,” said Robert
D’Anton , president of AST. “We are proud to have part- nered with RWJBarnabas Health, Robert Wood Johnson University Hospital, and the City of New Brunswick to bring this state-of-the-art fa- cility to life. The completion of 210 Somerset Street expands access to essential ambulato- ry care services, strengthen- ing New Brunswick’s role as a center for medical excellence and innovation.” Construction was overseen by Torcon, Inc. Architecture and mechanical engineering servic- es were provided by Jarmel Ki- zel, O’Donnell & Naccarato managed structural engineer- ing and Langan Engineering led civil engineering. Financing was arranged by Jones Lang LaSalle Securi - ties , legal land use services were provided by Kelso & Bur- gess, Esqs. , and legal transac- tional services were provided by Greenbaum, Rowe, Smith & Davis LLP . MAREJ
Vantage announces sale of 9219 Atlantic Ave., Margate City, NJ
JLL announces the sale of Sunrise Senior Living Community in Northern New Jersey to a new investor
MARGATE CITY, NJ — Vantage Commercial an- nounced the sale of 9219 At- lantic Ave., Margate City. The property, located in one of New Jersey’s most sought-after beach communities, was ac- quired by the Save Lucy Com- mittee, Inc. for a unique and exciting purpose — to house the Visitor Center and Retail Shop for Lucy the Elephant. Lucy The Elephant is a well-known and beloved local attraction that draws over 40,000 visitors annually, mak- ing it a prominent landmark in the area. The Save Lucy Com- mittee, Inc. plans to use the acquired property to further enhance the visitor experi-
FRANKLIN LAKES, NJ — JLL Capital Markets an- nounced that it has completed the sale of Sunrise of Franklin Lakes, an 88-unit assisted liv- ing and memory care facility in Franklin Lakes. JLL’s Seniors Housing team, alongside JLL’s NJ team, repre- sented the seller and procured the undisclosed buyer in the transaction. Sunrise Senior Living has been retained as the property manager. Sunrise of Franklin Lakes consists of a home to 51 assist- ed living and 37 memory care units. The community offers studio, one- and two-bedroom
9219 Atlantic Ave.
ence, offering a new space for educational exhibits, souve- nirs, and a deeper connection to the history and significance of the iconic elephant. The property’s prime loca- tion on Atlantic Ave. offers excellent visibility and acces- sibility, making it an ideal site for the new visitor center and retail shop. MAREJ
Sunrise of Franklin Lakes
layouts for assisted living and private or semi-private memory care units. Ameni- ties include activity rooms and social areas, a bistro that augments a main dining room, theatre, computer room, physi- cal therapy gym and laundry. Sunrise of Franklin Lakes
is positioned on a 4.62-acre site at 728 Franklin Ave. in Bergen Country, an afflu- ent county in NNJ. Franklin Lakes is 25 miles northwest of Midtown Manhattan in a sup- ply constrained market with exceptional home values and high density. MAREJ
Made with FlippingBook Ebook Creator