For Immediate Release
Atkins Companies and Woodmont Properties Convert Planned 10,000-Square-Foot Retail Building to Medical Space in Washington Square Town Center to Meet Sustained Demand
Negotiate Pre-Lease with Axia Women’s Health for 7,000 Square Feet
Washington Township, N.J. (July 13, 2020) – Atkins Companies and Woodmont Properties, two multigenerational commercial real estate development, investment, and property management firms, have broken ground on the third and final planned 10,000-square-foot standalone retail building at Washington Square Town Center located at 247 Hurffville-Cross Keys Road in Washington Township, N.J. Amid sustained strong area demand for medical office space, the joint venture partners announce the building is being converted to medical use and they have pre-leased 7,000 square feet to Axia Women’s Health.
The 35-acre mixed-use community was initially planned to include 30,000 square feet of retail space spread across three buildings, but upon recognizing the tremendous unmet demand in the local market, Atkins and Woodmont adapted their plans to instead incorporate additional medical space. Through dedicating the entire third building to healthcare usage, Atkins was able to pre-lease 7,000 square feet within the building to Axia Women’s Health, a fast-growing network of OB/GYN physicians, breast health centers, high-risk pregnancy centers, laboratories, urogynecology, and fertility centers with locations across the northeast.
The decision to create additional purpose-built medical space will bolster the roster of prominent healthcare users already operating out of the state-of-the-art, 40,000-square-foot Rothman Medical Building which anchors the project, including Rothman Orthopaedics, The Heart House cardiology group, Jefferson Health Outpatient Imaging, and Advocare OB/GYN. Additionally, two of the three standalone 10,000-square-foot buildings nearing completion will include or already incorporate a diverse blend of retail and medical users, including PetCheck Animal Urgent Care, Strive Physical Therapy and Sports Rehabilitation, Bison Coffee Company, Lavish Spa and Nails, and Jenaro’s Trattoria Italian restaurant.
“As we have brought our Washington Square Town Center project to life, we have seen a significant increase in demand for quality medical office space in a retail environment throughout the area,” said Bob Atkins, Managing Partner of Atkins Companies. “Our Washington Square Town Center has quickly become one of the most sought-after locations for premier retail-oriented healthcare space. With increased demand from healthcare providers it only made sense to adjust our strategy to meet the needs of this fast-growing tenant population.”
The construction of the third and final retail building at Washington Square Town Center marks the final phase of the ambitious project to transform a vacant 35-acre piece of land into one of the nation’s most unique and vibrant mixed-use communities. Developed through a partnership between Atkins and Woodmont , the innovative, mixed-use community features 330 residential apartments, 100 townhomes, an assisted living facility, and the aforementioned 30,000 square feet of retail space and the 40,000-square-foot fully leased, Class-A medical office building.
The third and final retail-turned-medical building is expected to be complete and ready for occupancy by Spring 2021. Leasing opportunities are available for healthcare tenants starting at 3,000 square feet. Contact Scott Martin of Avison Young at 610-389-4200 or scott.martin@avisonyoung.com. For more on available retail leasing opportunities in Washington Square Town Center, please contact Joe Raniszewski of MSC Retail at 215-883-7390 or jraniszewski@MSCretail.com.
To stay connected with Atkins Companies and for updates on the latest transactions and news, follow Atkins on LinkedIn (www.linkedin.com/company/atkins-companies).
About Atkins Companies
Atkins Companies is one of the Northeast’s premier, multigenerational commercial real estate developers, investors, and property managers. As a pioneer in the medical office space, Atkins Companies is a leading developer, investor, and property manager for regional healthcare systems and physician practices, providing state-of-the-art space solutions to meet the growing demand for well-located, Class-A medical office buildings. Driven by a deep focus on creating and maintaining strong relationships, their hands-on and solutions-oriented approach to development, investment, and management breeds successful projects while enhancing the businesses and communities that they serve. For more information about Atkins Companies, visit AtkinsCompanies.com or contact them in their West Orange office at 973-325-7900.
About Woodmont Properties
Woodmont Properties, based in Fairfield, NJ is one of the region’s leading developers of residential and commercial real estate. They’re led by a dynamic group of highly-skilled executives and an extraordinary staff of professional team members, all of whom are fully committed to the thorough and effective completion and management of their development and building projects
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