The Largest Medical Office Sale of 2020
Atkins Companies, Bridgewater Medical Office Bldg., Bridgewater, NJ
Size: 95,000 s/f
Brokers: Newmark Executive Managing Director Ben Appel handled sale advisory services for the transaction; Senior Managing Director Jay Miele and Managing Directors John Nero and Michael Greeley worked in cooperation with Appel.
Atkins Companies and JV partner Capital Solutions announced the sale of their Bridgewater Medical Building to a JV partnership between Anchor Health Properties and the Carlyle Group. Prior to the sale, Atkins repositioned the two-tenant office building, home to MidJersey Health Corporation and former regional headquarters for Bank of America, into a Class A medical office building and ambulatory surgery center. Leveraging deep healthcare relationships, Atkins secured Atlantic Health System to occupy the 37,000 s/f former bank space and executed a comprehensive capital improvement strategy that transformed the property into a regional healthcare hub for two of the state’s largest healthcare systems.