6B — June 18 - July 22, 2021 — Northern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N orthern NJ
Prelease expansion brings health network’s total commitment at mixed-use project to 10,000 s/f AxiaWomen’s Health increases footprint at Atkins Companies’ Washington Square Town Center
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an array of logistics services to both large & small businesses. “Easy access to I-95, I-80 and other major highways, make this location suitable and ef- ficient for their distribution services. It will serve as addi- tional storage for Freight Con - nections while keeping them in close proximity to their current location,” said Lewin. This sec- tion features 45' clear ceilings and 2 tailboard doors. Team represented both the landlord and tenant in this transaction. Team is also marketing an ad- ditional 80,000 s/f at this same building. Lewin along with Stacey Wellins Remnitz finalized two warehouse leases at 100 Stone - hurst Ct. in Northvale. One unit for 15,900 + s/f to J&Y Trading, a distributor of food products. “Taking this location has en- abled J & Y to expand into a larger and more efficient space,” said Remnitz. Team also leased an additional 13,386 s/f in a dif - ferent part of the same property to an undisclosed tenant. Team Resources represented both the landlord & tenant in both transactions. MAREJ healthcare tenants who already call the community home. Com- pleted in 2018, the community’s state-of-the-art Rothman Medi- cal Building is currently home to Rothman Orthopaedics, The Heart House cardiology group, Jefferson Health Outpatient Im- aging, and Advocare OB/GYN. In early March, Atkins also negotiated a 5,400 s/f lease with Mid Atlantic Retina in one of the community’s retail buildings. In addition to its slate of healthcare tenants, the prop- erty has also attracted a diverse blend of traditional retail ten- ants such as Bison Coffee Com- pany, Strive Physical Therapy and Sports Rehabilitation, and PetCheck Animal Urgent Care. “In today’s tight medical office market, it has become increasingly di f f icul t for healthcare tenants to find well-located, class A space that suits their specific needs,” said Bob Atkins , managing part- ner of Atkins Companies. “The ongoing success of our medical office leasing at Washington Square Town Center speaks to the tremendous unmet de- mand in the local market and the unique value proposition
A S H I N G T O N TWP., NJ — Atkins Companies , and its
Eric Lewin & Jeff Volpi consummated a lease of 38,537 +/- s/f at 815 Fairview Ave. in Fairview, NJ to PJ Ware - house, Inc., a home & office furniture wholesaler. This industrial unit features: 26’ ceilings, 3,600 +/- s/f of office space, six tail-board doors and 1 drive-in, and ample parking. “The location, loading and high ceilings allows PJ to easi- ly service their broad customer base in the NYC & Northern NJ areas,” said Lewin. Team represented the landlord in this transaction, while Scott Peck of Resource Realty represented the tenant. Lewin & Joseph Mangan- aro completed a 30,000 +/- s/f warehouse unit lease at 686 Grand Ave. in Ridgefield to Freight Connections, Inc., a 30+ year family-owned and nationwide trucking and ship- ping service, accommodating joint venture partner Wood- mont Properties , announce that Axia Women’s Health has signed a lease expansion for 3,000 s/f of space at Washington Square Town Center located at 247 Hurffville-Cross Keys Rd. in Washington Twp. Negotiated less than a year after the health network signed a lease for 7,000 s/f, the latest transaction will have Axia occupying the entire 10,000 s/f building. Nearing completion, Wash- ington Square Town Center is a 35-acre mixed-use community with 330 apartments, 100 town - homes, an assisted living facil- ity, and a 40,000 s/f fully leased, class A medical office building. Initial plans for the property also envisioned the construc- tion of 30,000 s/f of ground- level retail spread across three 10,000 s/f buildings. However, following the successful lease- up of the site’s 40,000 s/f Roth - man Medical Building and continued unmet demand for medical office space in the local market, Atkins and Woodmont adapted their plans to reorient
Washington Square Town Center cology, and fertility centers with locations across the Northeast. As the construction of the new building progressed, Axia rec- ognized that potential existed to further expand their services and delivery of care through a larger presence in the commu- nity. Capitalizing on the prop- erty’s accessibility and adapt- ability, Axia decided to lease
the entire third retail building to healthcare usage. Shortly after the building was repositioned to fit the needs of healthcare tenants, in July 2020 Atkins pre-leased 7,000 s/f to Axia Women’s Health, a fast-growing network of OB/ GYN physicians, breast health centers, high-risk pregnancy centers, laboratories, urogyne-
the remaining 3,000 s/f in the 10,000 s/f medical building to create a regional hub for its wide range of women's health ser- vices and provide an unmatched level of care to Southern NJ. Axia is scheduled to open its doors early this Summer. Axia’s significant presence in the community further bolsters the impressive list of regional
Team Resources completes new lease deals in Northern NJ NORTHERN, NJ — Team Resources, Inc. , an award winning full-service com- mercial/industrial real estate agency serving Northern and Central New Jersey completed the following transactions:
815 Fairview Ave.
686 Grand Ave.
100 Stonehurst Ct.
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