385 Prospect Avenue, Hackensack, NJ
HACKENSACK, NJ—Two new leases of medical office space at 385 Prospect Avenue in Hackensack, NJ, have brought the property to more than 90 percent leased.
Simone Development acquired the property in the first half of 2017 and has repositioned the asset and invested in a multi-million-dollar renovation, including new lobbies, common areas, façade work and energy management upgrades to bring the asset up to the quality standards the company is known for throughout its portfolio of medical office properties.
“Simone Development is pleased to be able to provide an upscale medical office property and support the community of Hackensack,” says James D. MacDonald, vice president/director of leasing for Simone Metro Properties. “Our property has been repositioned into a premier medical office facility. We provide first in class amenities such as valet parking and onsite management and find it important to provide a healthcare facility that is representative of the quality of care visitors expect to receive from the tenants in our properties.”
MacDonald arranged the leases, which bring the property from 40 percent to 90 percent occupancy. A diverse group of medical tenants, including the New Jersey Imaging Network, Metro Vein, Garden State Dental, Quest Diagnostics and Hackensack University Medical Center are now open for business at the property.
Located less than a mile north of Hackensack University Medical Center and less than a half mile from the Anderson Street NJ Transit station, the property offers excellent accessibility to Interstate 80, Route 17, Route 4, the Garden State Parkway and Interstate 95/NJ Turnpike.
The property, situated on 1.6 acres and built in 1983, includes parking for more than 200 vehicles.
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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].
