Parsippany, NJ — Avison Young announced that Garden State Orthopedic Associates, PA has signed a long-term lease for nearly 5,200 s/f at 2 Sylvan Way, a 53,365 s/f, three-story office building in Parsippany.
Avison Young senior vice-president Patrick Eichner and vice-president Peter Hedley of the firm’s New Jersey office represented the property owner, Dowell Associates, in the transaction.
Currently, 2 Sylvan Way is undergoing major capital improvements, including the expansion and reconfiguration of parking, landscaping and lighting. The building’s façade and entryways, lobby, common area corridors and bathrooms will also be redesigned. Garden State Orthopedics was particularly attracted to 2 Sylvan Way’s ample parking and on-site property management.
“With significant capital improvements underway, the property owner is aiming to appeal to more healthcare tenants in addition to general office users,” said Eichner.
Fitted for medical office and general office uses, 2 Sylvan Way is strategically located at the intersection of Sylvan Way and Rte. 202, with signage along Rte. 202.
Morristown, NJ – Jeffrey Heller, Avison Young principal and managing director of the firm’s New Jersey office, announced that Bob Gordon has joined Avison Young as a senior vice president of consulting and advisory.
Effective immediately, Gordon will work with Avison Young to help grow the firm’s New Jersey real estate practice focusing on the state’s healthcare sector. Drawing upon more than a decade of experience at large management consulting firms, Gordon will work primarily on business development, focusing on building the firm’s medical client base in New Jersey as it expands its healthcare practice into an industry-leading platform that provides a full range of real estate services to healthcare tenants, buyers and owners.