Atkins Cos. Expands New Jersey MOB Footprint
Gordon Realty Management sold the 70,140-square-foot property.
405 Hurffville-Cross Keys Road. Image courtesy of Avison Young
Atkins Cos. has acquired a 70,140-square-foot medical office building in Sewell, N.J. Gordon Realty Management sold the asset for $13.3 million, according to CommercialEdge data. Principals Scott Martin, Jim Kornick, Michael Wilson and Erik Foster with Avison Young represented both parties in the deal.
Dubbed Kennedy Health & Wellness Center, the two-story facility came online on a 6.3-acre site in 2009. The property features a fitness center with an indoor swimming pool, medical practices and health education services.
The new owner plans to upgrade the finishes of the building and create additional clinical space to meet the demands of the medical office leasing market. The tenant roster includes Kennedy Fitness, Rowan Medicine and Pediatrics, Select Surgical Center and Future Chiropractic Center.
The property is located at 405 Hurffville-Cross Keys Road, directly across from the Jefferson Hospital Washington Township campus. The facility is 20 miles from downtown Philadelphia, in the southern New Jersey medical corridor.
Atkins Cos.’ portfolio currently totals six medical office buildings located in New Jersey and Pennsylvania. According to CommercialEdge data, one of the assets is approximately 1 mile away from the current acquisition.
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