Northern New Jersey medical office trades for $7.9 Million
United States, June 12 -- ?JLL Capital Markets announced that it has arranged the $7.9 million sale of 601 Hamburg, a 37,770-square-foot medical office building in Wayne, New Jersey.JLL marketed the property on behalf of the seller, March Associates, and procured the buyer, Pinnacle Group of Hudson Valley.The three-story property was developed in 2002 by March Associates, who has occupied a portion of the property as its corporate headquarters since that time. Outside of March Associates, 601 Hamburg is 97% leased to mostly medical tenants, including Denville Diagnostics/Star MRI, Wayne Dental Arts and Spectrum Therapeutics. 601 Hamburg benefits from its location in a strong medical market just one mile from St. Joseph's Hospital as well as...
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