Atkins Companies sells 38,500 s/f medical office building in West Orange to private buyer

June 16, 2020

 

West Orange, NJ — Atkins Companies, a multigenerational commercial real estate development, investment, and property management firm, announced the sale of Atkins Medical Plaza, a 38,500 s/f medical office building located at 1500 Pleasant Valley Way in West Orange. The private buyer was represented by Marcus & Millichap vice presidents Alan Cafiero and Ben Sgambati, as well as senior associate David Cafiero. The transaction was overseen by Jim McGuckin, regional manager, and Brian Hosey, broker of record, of the firms’ New Jersey office.Situated at the crossroads of Pleasant Valley Way and Northfield Avenue in West Orange, Atkins Medical Plaza is a 90% leased class A medical office building constructed by Atkins Companies in 2001. Atkins Companies has served as general partner for the acquisition, development, financing, leasing, and management of the property from inception. 

 

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