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News Release: Atkins Companies Negotiates Lease to Bring Philadelphia Area Retinal Care Practice to Washington Square Town Center

For Immediate Release

Lease brings number of regional specialty healthcare networks who currently have a presence at Gloucester County mixed-use community to seven

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Washington Township, N.J. (March 16, 2021) – Atkins Companies, a multigenerational commercial real estate development, investment, and property management firm, and its joint venture partner Woodmont Properties, announce that Mid Atlantic Retina will join the roster of national and regional specialty healthcare tenants at Washington Square Town Center. Mid Atlantic Retina has signed a lease for 5,400 square feet of space at a 10,000-square-foot standalone retail building at the highly sought-after mixed-use community in Gloucester County and plans to open the new location in late Spring 2021.

With over 20 locations across New Jersey, Pennsylvania, and Delaware, Mid Atlantic Retina is one of the world’s premier retinal specialty care networks. Mid Atlantic Retina’s physicians are internationally recognized and are the exclusive retina surgeons at WillsEye Hospital in Philadelphia, Pa., perennially ranked as one of the top two eye hospitals in the United States. In addition to their offices across the region, Mid Atlantic Retina leads in research development, with four research centers, where its physicians serve as principal investigators of nearly all the major clinical trials in retina research, helping to advance treatment for macular degeneration, diabetic retinopathy, and a variety of other retinal conditions.

The lease with Mid Atlantic Retina continues to solidify Washington Square Town Center’s status as a hub for growing Philadelphia and southern New Jersey-based healthcare networks. Spread across 35 acres, the mixed-use community features 330 residential apartments, 100 townhomes, an assisted living facility as well as a 40,000-square-foot Class-A medical office building and 30,000 square feet of ground-level retail space. Completed in 2018, the community’s state-of-the-art medical office building is currently home to Rothman Orthopaedic Institute, The Heart House cardiology group, Jefferson Health Outpatient Imaging, and Advocare OB/GYN. Additionally, Atkins and Woodmont recognized the tremendous unmet demand in the local market for medical office space and converted one of the three planned 10,000-square-foot retail buildings to medical use. Shortly thereafter, Atkins negotiated a lease for 7,000 square feet at the building with Axia Women’s Health.

In addition to its slate of healthcare tenants, the property has also attracted a diverse blend of traditional retail tenants such as Bison Coffee Company, Strive Physical Therapy and Sports Rehabilitation, PetCheck Animal Urgent Care, and Lavish Nails & Spa.

“The ongoing shift of healthcare delivery from an inpatient, hospital-centric model to an outpatient, community-focused system continues to create strong demand from healthcare users for both purpose-built medical office space and well-located retail spaces across our region,” said Bob Atkins, Managing Partner of Atkins Companies. “By locating these types of spaces directly in a mixed-use, multigenerational community as we have done at Washington Square Town Center, we have created a tremendous opportunity for healthcare systems and physician practices to strategically grow their regional footprints and increase access to care for the populations they serve. This latest lease showcases the continued strength of this type of project and we welcome Mid Atlantic Retina to our growing community.”

Rhonda Ceretelle, OHCC, Chief Administrative & Compliance Officer of Mid Atlantic Retina added, “As we sought to continue to grow our services in southern New Jersey, we recognized that the Washington Square Town Center presented the ideal combination of location and adaptability that our team prioritizes. We look forward to opening this new location and expanding our delivery of vital retinal specialty care to patients throughout the area.”

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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