The Largest Medical Office Lease of 2020
Lee & Associates NJ, 225 Minnisink Road, Totowa, NJ
Size: 140,000 s/f, (2 phases)
Brokers: Peter Rasmusson, Joe Tormen, Jason Lynch and Brian Lynch
Lee & Associates NJ completed a 140,000 s/f build-to-suit transaction for St. Joseph’s Hospital for a new medical office building in Totowa, NJ. Peter Rasmusson, Joe Tormen, Jason Lynch and Brian Lynch represented St. Joseph’s. Lee NJ is the exclusive advisor for St. Joseph’s, which has more than 75 locations throughout NJ.
Located at 225 Minnisink Road near I-80, the ground-up development project is unfolding in two phases: a new 60,000 s/f surgical center expected to deliver in Q4 2021 and a new 80,000 s/f cancer center expected to deliver in the Q2 2022 in a joint venture with Hackensack Meridian Hospital.