Washington Township, N.J. (November 29, 2023) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, announces lease expansions with Rowan Medicine,Weisman Children’s and Jefferson Health at the Washington Medical Arts Building, a 70,000±-square-foot medical office building located at 405 Hurffville Cross Keys Road in Washington Township, N.J.
Acquired by Atkins Companies in early 2023, the Washington Medical Arts Building is a two-story, Class-A medical office building located in the heart of Gloucester County, that is currently leased to a diverse mix of healthcare tenants. Upon the acquisition, Atkins Companies implemented a strategic leasing and capital improvement plan to enhance the building’s common areas, convert space of previously non-medical use to medical, as well as add 7,700 square feet of new leasable space. The capital improvement plan is scheduled for completion in Spring of 2024.
“The healthcare real estate market has not been immune to the economic headwinds slowing the broader commercial real estate industry,” said Cory Atkins, Principal at Atkins Companies. “Despite a tight market, regional healthcare networks and specialty groups have continued to search for strategic opportunities to expand their footprints. We value our relationships with Rowan Medicine, Weisman Children’s and Jefferson Health and look forward to continuing to help them achieve their future growth goals.”
The lease expansions and extensions will solidify each regional healthcare provider’s presence at the building and increase their delivery of care to the local community. Rowan Medicine, a multi-disciplinary healthcare services provider with 14 specialty areas, was previously occupying 7,800 square feet at the facility. Its new lease will more than double its total space to almost 18,000 square feet.
Weisman Children’s, a community-based specialty healthcare organization consisting of an acute rehabilitation hospital, outpatient rehabilitation and medical day care centers, will now lease almost 11,000 square feet at the building.
Jefferson Health utilizes the Washington Medical Arts Building as one of its outpatient rehabilitation locations featuring a range of physical therapy, occupational therapy and speech therapy services. Their expansion of 1,400 square feet brings the practice’s total space to over 5,600 square feet.
The Washington Medical Arts Building features a strategic location framed by Routes 42, 55 and 322 that offers easy access and convenience for patients throughout Washington Township and surrounding areas. The building currently has 30,000 square feet of newly converted medical office space available that is adaptable to the needs of a wide range of healthcare users. To learn more about leasing opportunities, please contact Scott Martin of Avison Young at 610-389-4200.
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.
To stay connected with Atkins Companies and for updates on the latest transactions and news, follow Atkins on LinkedIn.
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