Real Estate Journal — June 28 - July 11, 2019 — 3A
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M id A tlantic
M id A tlantic R eal E state J ournal
Lynch, Rasmusson, Lynch and Tormen represent St. Joseph’s Health in transaction Lee & Associates arranges 60,000 s/f MOB lease for St. Joseph’s Health Ambulatory Care Center T
OTOWA, NJ — Lee & Associates New Jersey has represented St. Joseph’s Health in securing a long-term lease of a 60,000 s/f, four-story medical office building at 169 Minnisink Rd. in Totowa. A team of Lee & Associates brokers that in- cludes Brian Lynch, Peter Rasmusson, Jason Lynch and Joe Tormen represented St. Joseph’s Health in this transaction. “St. Joseph’s will transform the site into a state-of-the-art, high quality medical facility and deliver the level of care for which the health system is known,” said Lee & Associates senior VP Peter Rasmusson. The center is slated to open in early 2021 and will serve as a primary and specialty care medical hub for patients. “By creating an Ambulatory Care Center in the Totowa community, St. Joseph’s is expanding our services to increase access to high-qual- ity health care,” said Kevin Slavin, president & CEO of St. Joseph’s Health. “Located conveniently adjacent to major highways, we look forward to bringing primary and specialty care and the latest diagnostic and treatment options to the entire Totowa region in a state- of-the-art center designed for patient convenience.” The new site, which will be- gin construction this summer, will offer patients world-class primary care physicians and specialists. The center also GRCA assists farm to obtain financing READING, PA — The Greater Reading Chamber Alliance (GRCA) , announced that the Pennsylvania In- dustrial Development Au- thority (PIDA) approved an economic development loan at its June board meeting in Harrisburg. Jeffrey and Tracy Rohrer have been approved f or $400,000 in PIDA loan funds for the building of a chicken pullet house on their farm on Naftzingertown Rd. in Upper Bern Twp.. Deb Heffner , GRCA busi- ness outreach director noted, “We have seen an increase in utilizing PIDA for agribusi- ness lending, as more farmers are becoming aware of this low interest financing opportunity which reduces their overall expansion costs”.
Colgan . The planned medical facility will have ample space for visitor and staff park- ing. “With its proximity to Rtes. 80, 46 and 23 and mass transportation we recognized the property’s strength and attractiveness in the medical office space market in Pas- saic County. It represented a tremendous opportunity for St. Joseph’s expansion and accessibility goals,” said Lee & Associates principal Brian Lynch. With signing of this lease St. Joseph’s Health has secured one of two 60,000 s/f buildings located on the campus.
experience. The property, originally part of a 147-acre parcel, was 169 Minnisink Rd. rendering
will include amenities for ease of scheduling, and the latest technology to enhance patient
acquired by Community Health Care Associates (CHA) represented by Bill
Former College Campus in Connecticut Sells to the Highest Bidder at Auction Above the Opening Bid of $5,000,000 SOUTHINGTON, CT • 2279 Mount Vernon Road 32.75+/- acres with 113,000+/- sf in 7 buildings with potential for residential school campus, corporate training facility and more! Includes administrative offices, classrooms, labs, dormitories, recreational center and a 24/7 security station. Located minutes from I-84, 20 minutes from Hartford, 40 minutes from Bradley International Airport, 2 hours from Boston and 2 hours from New York City.
Open Public Inspections: 11-3pm Friday July 12 & 26
Auctions: 10am Friday August 16 at Founder’s Hall, 2279 Mount Vernon Road, Southington, CT
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