News:
Brokerage
Posted: December 15, 2020
GAIA Real Estate signs 15-year lease with Englewood Health at 2 Journal Sq. to expand its office/retail space
Jersey City, NJ GAIA Real Estate, a full-service, real estate investment company, has signed a 15-year lease with Englewood Health, one of New Jersey’s leading hospitals and healthcare networks, to expand further its existing office and retail space at 2 Journal Sq. The expanded space will allow Englewood Health to develop a new Orthopedic Clinic, Urgent Care, Breast and Women’s Imaging Center, and medical offices for treating oncology and diabetes patients.
The original 53,222 s/f lease was signed earlier this year and is now expanded by 19,892 s/f, bringing the total leased space with Englewood Health to 73,114 s/f. The space spans the first, second and third floor of the class A, nine-story, 325,000 s/f building which has just completed its multimillion-dollar gut renovation.
“We are pleased to expand our agreement with Englewood Health at 2 Journal Sq.,” said GAIA Real Estate CEO Danny Fishman. “It is always a great vote of confidence when tenants expand at the same building. The hospital together with now almost fully leased retail center on the ground floor is a great addition to the area and residents.”
The original lease included space encompassing medical offices for orthopedics, pain medicine, primary care, diabetes, OB/GYN, cancer, cardiology, pulmonology, urology, and colorectal surgery.
CBRE’s Greg Barkan, Remy deVarenne and Sam Bernhaudt represented Englewood Health in the agreement.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
