ROSELAND, NJ–CBRE arranged the $7 million sale of 556 Eagle Rock Avenue in Roseland, NJ to Hajjar Medical Office Building of Roseland. CBRE's Randy Eigen, first vice president, represented the buyer and the seller, PBE Companies, in the transaction. CBRE also has been retained to lease 13,573 available square feet of the 70-percent occupied property.
The three-story, octagonal-shaped office building houses a number of medical services tenants. Its largest tenant, the Special Surgery Center of Essex County, is on the ground floor of the property and has five operating rooms onsite.
“556 Eagle Rock Avenue is a top-of-the-line medical real estate product in the heart of Roseland,” says Eigen. “Its new owner, HMOB, has deep experience in healthcare real estate and its purchase of this asset offered an ideal opportunity to expand its portfolio in the Northern New Jersey market and its presence in a region that has seen a great deal of recent activity in the medical sector.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
