Real Estate Journal — New Jersey — December 9 - 22, 2016 — 15B
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M id A tlantic
NJ H ealthcare & M edical P roperties S ummit CHA helps medical professionals create optimal, custom-built office suites Community Healthcare Associates revitalizes medical facilities C ommunity Health- care Associates is a healthcare real estate
dalism and blight. As a result of CHA’s efforts to repurpose these facilities into Medical Arts Complexes, CHA fuels the engine of economic devel- opment. By way of example, CHA’s projects create jobs, reintroduce tax ratables, and perhaps most importantly, re- introduce top communities in need the availability of quality healthcare services. To date, CHA has success- fully repurposed three former acute-care hospitals in the State of New Jersey. In each of Paterson, Jersey City and Hammonton, CHA’s projects were viewed favorably by the
new, 55,000 s/f medical office building in Q4 2016, and has branded it as the Rockaway Beach Medical Arts Complex. When completed, this facility will be one of the most desir- able medical office buildings in all of the Rockaways. The project is anchored by South Nassau Communities Hospi- tal, the region’s leading medi- cal service provider, and will also include a multi-specialty ambulatory surgery center, primary care and specialty physician offices, an imaging center, a pharmacy, and more. Construction is estimated to be completed by Q4 2017. n
local authorities for their com- mitment to reintroduce much needed community-based, out- patient healthcare services. Today, each of these projects are nearly 100% occupied and generating positive reviews from patients, tenants and government officials. In addition to the repurpos- ing of former healthcare facili- ties, CHA is an active develop- er of new projects as well. One of CHA’s current projects is the ground-up construction of a new, state-of-the-art medical office building in Rockaway Beach, New York. CHA com- menced construction on this
development firm with an extensive working knowledge in the areas of healthcare industry norms, real estate development, government affairs, capital markets, and related incentive programs. CHA’s principals are experts in all facets of the process of revitalizing former medical facilities, including the nec- essary skills and experience to work directly with the key players in the redevelop- ment process. In each of its projects, CHA helps medical professionals with program development and group for- mation to create optimal, custom-built office suites that provide patients with optimal, cost-effective healthcare facili- ties. Additionally, CHA’s ser- vices include concept design, architectural and engineering, permitting, governmental approvals, and construction management. As a result of the ongo- ing shift in how healthcare services are delivered in the region, namely from an in-pa- tient to an out-patient model, many economically struggling healthcare facilities are often forced to close their doors to the public, often times after sitting vacant for extended periods of time. These closed former healthcare facilities often lower surrounding prop- erty values and result in the increased potential for van- KBS Realty signs 43,000 s/f lease ISELIN, NJ — KBS Re- alty Advisors of Newport Beach, California announced the signing of five leases total- ing 43,494 s/f at Woodbridge Corporate Plaza, a class A, six building property in Iselin. H & M International, a logistics services company, and Auto Injury Solutions, Inc. extended their leases. Middlesex Water Company, the Office of En- gineering and Construction Inspection Services, Inc. and Bulkhaul U.S.A., Inc. signed new leases. Woodbridge Corporate Plaza is a campus of six office build- ings located at the intersection of Rte. 1 and the Garden State Parkway. Jamie Drummond , senior managing director at Newmark Grubb Knight Frank repre- sented KBS on all transactions. n
CHA’s Managing Partners: Bill Colgan, E. Stephen Kirby and Jeffrey Moll
DESIGNING/BUILDING CUSTOM-BUILT SPACE FOR MEDICAL PRACTIONERS REVITALIZING MEDICAL FACILITIES
Community Healthcare Associates, LLC 2 Broad Street, Suite 400, Bloomfield, NJ 07003 Phone: (973) 429-7900Email: info@cha-properties.com www.cha-properties.com
A multi-faceted healthcare real estate firm that specializes in Property Management, Sales, and Development.
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