April 2023

N ew J ersey S hopping C enters S outhern NJ S potlight

M id A tlantic Real Estate Journal — Southern New Jersey — April 2023 — 7B

www.marej.com

ASHINGTON TWP. — Atkins Companies , a 70,000± s/f Medical Arts Building is located at 405 Hurffville Cross Keys Rd. in Washington Twp. Atkins Cos. acquires healthcare and wellness building to expand its presence in Southern NJ W

Atkins , principal at Atkins Companies. “With a diverse mix of healthcare tenants and strong local demograph- ics, the property fit all of our criteria as we look to continue to expand our healthcare real estate portfolio.” The acquisition is Atkins Companies' latest investment in Washington Township. Located one mile from the Washington Medical Arts Building, the Washington Square Town Center commu- nity was developed by Atkins Companies in a joint venture partnership with Woodmont Properties . The property’s innovative mixed-use design centered on a 40,000 s/f state- of-the-art medical office build- ing anchored by Rothman Or- thopaedics, plus an additional 22,000 s/f of retail space leased to healthcare tenants.. MAREJ

multigenerational commer- cial real estate development, investment, and property management firm, announced the acquisition of the Wash- ington Medical Arts Build- ing, a 70,000± s/f medical office building located at 405 Hurffville Cross Keys Rd. in Washington Township. Located in the heart of Gloucester County, the Wash- ington Medical Arts Building is a two-story, class A build- ing that is currently leased to a variety of healthcare and wellness tenants including Weisman Children’s, Rowan Medicine, Select Surgical Cen- ter and Jefferson Health. Steps from Jefferson Wash- ington Township Hospital, the largest of Jefferson Health’s

Washington Medical Arts Building 322 providing easy access and convenience for patients throughout Washington Town- ship and surrounding areas. “As the healthcare delivery model continues to place a greater emphasis on outpa-

three New Jersey hospitals, the modern and adaptable building is ideally suited to the diverse needs of health- care or wellness tenants. The property is also strategically framed by Rtes. 42, 55 and

tient, care medical hubs like the Washington Medical Arts Building are continually in demand as regional providers look to expand ambulatory care services to the communi- ties they serve,” said Cory

Kislak Commercial Real Estate Services' Wisniewski completes sale of last Lackland Self Storage surplus site

area within the Pinelands, across from the Medford Shop- ping Center. Wisniewski joined Kislak in 2015 and leads the firm’s commercial sales and leas- ing division. Throughout his career, Wisniewski has leased or sold more than nine million square feet of commercial space and well over 1,500 acres of land and is actively growing Kislak’s presence in the New Jersey commercial real estate market. He has received the Kislak Transac- tions award for closing the highest number of transac- tions in a single year for the last five consecutive years. Kislak Commercial Real Estate Services, Inc. with of- fices in Basking Ridge, New Jersey is the commercial sales and leasing affiliate of The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, and is a leading commercial real estate brokerage consistently recognized for its investment sales success. MAREJ

MEDFORD, NJ — Kislak Commercial Real Estate Services, Inc. announced the

recent sale of 4.77 acres at 196-198 Old Marlton Pike in Medford, Burlington County for $475,000. Executive vice president

Peter Wisniewski

Peter Wisniewski marked the property on behalf of the seller, 196-198 Old Marlton Pike, LLC, and he also pro- cured the purchaser, Tudor Development, LLC. This was the last property in a portfolio of surplus sites held by the Lackland Self Storage Com- pany and sold through Kislak. “What an honor and plea- sure it was to work with the Lackland family on selling these surplus sites in their portfolio,” remarked Mr. Wis- niewski. He also noted “land values increased significantly since the purchase contract was signed.”

196-198 Old Marlton Pike

The land is pending ap- provals as a commercial de- velopment site in a Highway Management Zone with per- mitted uses inclusive of all uses allowed in Community Commercial (CC) or Restricted Commercial (RC) districts.

Such uses range from rec- reational use; fast food res- taurants and car washes as conditional use; to housing, assisted living, commercial nurseries, clubs and childcare centers. CCRC developments permit independent living

units as well as single family detached and two-family semi- detached homes; townhouses, and apartments. Located at the intersection of Old Marlton Pike and Rte. 70, the land is highly visible from Rte. 73 in a development

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