MONTVALE, NJ—Accordia Realty Ventures signed two small-ish leases at its building at 305 West Grand Ave. here recently - small, but significant on its path to repositioning the property as a medical office building.
Bergen Gastroenterology P.C. took 5,723 square feet and Hackensack UMC at Pascack Valley Hospital signed on for 2,273 square feet at the 27,000-square-foot building.
Accordia acquired the single-story office building in 2009. The office market was anemic in general in northern New Jersey, but Accordia quickly found a medical tenant, Montvale Health Associates, to take 7,500 square feet at 305 West Grand and bring it to 100% occupancy.
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