SUMMIT, NJ-BremnerDuke has completed its new 77,515-sf Medical Arts Center II building and nearly half of the four-story asset is home to several units of the attached Overlook Hospital. The move-ins leave 35,379 sf still available, and BremnerDuke, an Indianapolis-based developer specializing in medical facilities, has tapped Colliers Houston & Co. to market that space.
“Few sectors have experienced the recent growth we've seen in the medical fields,” says David Simon, COO for Colliers Houston. “Being attached to Overlook gives this building an edge and has generated significant interest.”
For Colliers Houston, Stan Kurzweil and Charles Parmelli are handling the assignment. The availability at MAC II, which is addressed 11 Overlook Rd., is currently listed on BremnerDuke's website with an asking price of $35 per sf for 10-year terms, plus a $65-per-sf tenant improvement allowance. The space can be divided to 1,200 sf and includes a full-floor availability of 20,000 sf.
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