October 2024

34 — October 2024 — Property Management — M id A tlantic Real Estate Journal

www.marej.com

P roperty M anagement

Home to 13 tenants, the building is strategically located at 315 East Northfield Rd. Sheldon Gross Realty transforms Livingston, NJ MOB with premier property management

L IVINGSTON, NJ — Having recently as- sumed property man- agement responsibilities for a 13-tenant medical office building in Livingston, Shel- don Gross Realty is helping ensure the facility consistently functions at peak effectiveness. Located at 315 East North - field Rd., the three-story loca - tion is home to a broad range of healthcare providers, including specialists in dentistry, der- matology, internal medicine, mental health, pain manage- ment, pediatrics, and more. The facility is easily accessible

via Rtes. 280, 10, and 24, which positions it to serve the needs of patients throughout north and central New Jersey. In addition, it’s only a two-minute drive from the St. Barnabas Medical Center complex. “Medical office buildings fill the crucial role of making a range of healthcare services available within their commu- nity and the surrounding area,” said Marcy Gross , president, Sheldon Gross Realty. “That’s exactly what this building does, and as its property manager, we’re committed to ensuring it serves as a highly effective

professional location for the healthcare providers working there.” In overseeing the Livingston facility, Sheldon Gross Realty is responsible for all aspects of property maintenance – including system upgrades, security, and landscaping – as well as compliance and tenant relations. In addition to the 315 East Northfield Road location, Shel - don Gross Realty also manages the Jersey Shore Medical Arts Building in Neptune and the Brick Medical Arts Building in Brick. MAREJ PHILADELPHIA, PA — Stockton Real Estate Advi- sors, LLC (Stockton) , and long-time University City developer U3 Ventures, LLC , announce their new partner- ship with Kasa , a pioneer in the hospitality industry known for its innovative approach to short-term rentals. This col- laboration marks Kasa’s first property in the University City neighborhood of Philadelphia, further expanding its presence in the Northeast and enhanc- ing the city’s vibrant hospital- ity offerings. Stockton and U3 Ventures ground lease the underlying land from the Uni- versity of Pennsylvania, whose foresight and support for the project have been exceptional. The property, Kasa The Niche University City, is situ- ated in the heart of University City, a thriving neighborhood known for its dynamic blend of educational institutions, healthcare facilities, and cul- tural attractions. This part- nership emphasizes Stockton and U3 Ventures’ commitment to diversifying their portfolio while reflecting Kasa’s dedi - cation to providing unique, high-quality accommodations for travelers. Kasa operates boutique ho- tels and multi-family build- ings, offering thoughtfully designed, furnished rentals for any length of stay. With a portfolio spanning 85 proper - ties across 40 cities, Kasa has hosted upwards of a million nights, ensuring a seamless, self-directed experience for guests. MAREJ partner with Kasa on University City Stay Stockton, U3 Ventures

315 East Northfield Rd.

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