The sale of Patriot Plaza, a 65,658-square-foot, multi-tenanted clinical place of job construction in Hackettstown, has closed due to JLL Capital Markets which helped orchestrate the transaction.
In a Thursday announcement, JLL mentioned it represented the vendor, a personal corporate, within the sale to Kayne Anderson Actual Property and Treatment Clinical Houses.
Patriot Plaza is 95% % occupied and constructed from 81.9% clinical and 13.1% retail with 8 distinctive tenants. The valuables is anchored via Atlantic Well being Device, an educational well being machine affiliated with the Sidney Kimmel Clinical School at Thomas Jefferson College.
The construction additionally includes a two working room multi-specialty ambulatory surgical procedure middle this is an associate of Surgical Care Associates (“SCA”), owned via a subsidiary of UnitedHealth Staff. The tenant combine on the assets contains orthopedics, radiology, bodily treatment, oral & maxillofacial surgical procedure, ophthalmology, podiatry, gastroenterology and common surgical procedure.
Situated at 57 US-46, which is two.6 miles south of Hackettstown Regional Clinical Heart and 45 miles east of Ny, Patriot Plaza advantages from its proximity to best skill at 11 native schools and universities. Moreover, with get entry to to Course 46 in addition to Interstate 80, the submarket is likely one of the maximum fascinating trade places within the Northeast for pharmaceutical, biotech, well being care and schooling.
The JLL Capital Markets crew representing the vendor was once led via Managing Director Brannan Knott, Director J.B. Bruno and Vice President Craig Parcells.