14D — March 2023 — The Best of 2022 — M id A tlantic Real Estate Journal www.marej.com The LARGEST MEDICAL OFFICE SALE of 2022 Cushman & Wakefield Oak Hill Park Wayne, NJ NAI Summit Bethlehem Medical Arts Center Bethlehem, PA
Size: 122,600 SF Brokers: Andrew J. Merin, David W. Bernhaut, H. Gary Gabriel, Brian J. Whitmer, Kyle B. Schmidt, Frank A. DiTommaso Oak Hill Park serves as proof that right-sized, well-located properties with a diverse tenant mix are still commanding solid investor interest despite current challenges in the capital markets. Oak Hill Park has benefitted from over 55,000 SF of new and renewal leasing activity in the last 24 months, and ownership will continue to implement a hands-on leasing approach to enhance the existing and future medical tenancy at the property. The Class A medical and office park features two recently renovated buildings and is ideally located on Route 23, less than five minutes from Interstates 80 and 287.
Size: 53,656 SF Broker: Frank T. Smith, CCIM
The Bethlehem Medical Arts Center (BMAC) was acquired by Thomas Park Investments in Q1 2022. The facility is a two-story, Class A medical office building with many long-term tenants, anchored by MidAtlantic Retina, and Radiology & MRI of Bethlehem. Thomas Park has plans for common area renovations and upgrades. BMAC is convenient to major area highways. NAI Summit represented the buyer and seller for this transaction and continues to serve as the leasing agent for available suites in BMAC.
Congratulations to the Tri-State Winners of the Mid Atlantic Real Estate Journal’s Best of 2022 Award
Largest Industrial Sale – Logistics Center at I-95, Jackson, NJ: Andy Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt, Frank DiTommaso Largest Office Lease – 400-500 Warren Corporate Center Drive, Warren, NJ: Robert Donnelly Sr., Robert Donnelly Jr., Paul Giannone, Kevin Carton, Todd Elfand
Largest Industrial Lease – List Logistics: Chuck Fern, Jason Barton, Thomas Tucci, Stephen Shoemaker, Torsten Thaler, Jonathan Winge, Natalie Gorga, Elizabeth Rouse Largest Medical Office Sale – Oak Hill Park, Wayne, NJ: Andy Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt, Frank DiTommaso Top Sales Team Broker #1 Broker Team – New Jersey: Andy Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt, Frank DiTommaso, Niko Nikolau
Largest Office Sale – 101 Hudson, Jersey City, NJ: Andy Merin, David Bernhaut, Gary Gabriel, Frank DiTommaso, Ed Duenas Largest Land Sale – Meadowlands Logistics Center, Secaucus, NJ: Andy Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt, Frank DiTommaso
Largest Medical Office Lease – Hospital for Special Surgery, 15 East Midland Ave., Paramus, NJ: David DeMatteis, Benjamin Brenner, Mark Zaziski Most Unique Innovative Tenant Amenity Space for Office Complex – The Grand, Parsippany, NJ: William O’Keefe, Charlie Parmelli, Bill Brown
Top Leasing Broker Chuck Fern
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