Real Estate Journal — New Jersey — January 12 - 25, 2018 — 3B
www.marejournal.com
M id A tlantic
N ew J ersey
Meyer of NAI Mertz and Sudia of NAI Atlantic Coast Realty broker transaction Weiss Realty affiliate acquires 48,492 s/f office building in Neptune
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care clinics, has signed a 12 year lease comprising 14,375 s/f on the main level of this iconic 4-story art deco building. The Sanitas Medical Center working in collaboration with Horizon Blue Cross and Blue Shield of New Jersey will start taking appointments in Janu- ary. Sanitas is a healthcare specialized business group comprised of a healthcare services company as well as a large hospital and urgent care clinic network that operates in several countries. Sanitas will offer both primary and urgent care services at the Union City,
NJ location. Rheumatology Associates of North Jersey, one of the larg- est rheumatology practices in New Jersey, has leased 1,650 s/f on the second floor with a 5 year lease. “We are very pleased with the signing of these medical/ office tenants” said Matthew Weiss. “It further confirms Kennedy Medical Center’s status as the premier medi- cal office building in Hudson County.” These lease signings bring the class A medical of- fice building to nearly 100% occupancy. n
EPTUNE , NJ — We i s s Rea l ty , a New Jersey based
full-service commercial real estate and invest- ment firm an- nounced the s u c c e s s f u l completion of a major sales transaction
Jaime Weiss
with the purchase of 1800-1836 West Lake Ave., Neptune for $8.6 million. The three story, 48,492 s/f office building is lo- cated at the intersection of Rte. 35 and West Lake Ave. CBRE Capital Markets Debt and Structured Finance team of James Gunning, Donna Falzarano and Kyle Saviano arranged a $6 million per- manent loan from Natixis of behalf of West Lake Neptune LLC and West Lake Neptune 11 LLC for the transaction. Fred Meyer of NAI Mertz and Jack Sudia of NAI At- lantic Coast Realty were the brokers and the Meyner and Landis Law Firm of Newark represented the seller. Save- rio Cereste of Fort Lee and William Schmidt of West Orange represented the buyer. “With it’s proximity to Hack- ensack Meridian Health, Jer- sey Shore University Medical Center, we recognized the prop- erty’s strength and attractive- ness located in the West Lake Ave. Re-development District. It represented a great buying opportunity as a strong asset in a key market” said Jaime Weiss , president of Weiss Re- alty. “The property is ideally situated in a thriving medical office environment that has seen explosive growth over the past decade and we are clearly excited to be a property owner in Neptune Township.” Tenants in the well main- tained building that was built in 2010 include Hackensack Meridian Health, the Depart- ment of Treasury for the State of New Jersey and West Lake Pharmacy. UNION CITY, NJ — Weiss Realty announced the signing of two lease transactions for 16,025 s/f of medical offices with an aggregate rental of $5,504,250 at KennedyMedical Center, 3196 Kennedy Blvd. in Union City. Sanitas of New Jersey, LLC, an independent health care organization with specialized healthcare services and urgent
1800-1836 West Lake Ave.
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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