Jonathan Marks
By Joshua Burd
Veteran broker Jonathan Marks has launched a new advisory firm focused on health care real estate, seeking to build on years of experience in the growing asset class.
Known as Clinical: Medical Real Estate Solutions, the Hackensack-based practice will serve physicians, medical groups, hospitals, management services organizations and investors, according to a news release. It will do so while addressing a combination of clinical strategy, operations and real estate, offering services such as portfolio optimization, site selection, competition analysis, clinical space programming, medical office leasing, acquisitions, dispositions, build-to-suits and medical buildouts.
Marks, a former managing principal with Cresa’s New Jersey office, founded the team’s medical practice group in 2013.
“Medical real estate is more than square feet, rent and expiration dates,” said Marks, who serves as founder and CEO of the new venture. “With the ever-changing landscape and continued growth, today’s health care industry requires the expertise of advisers who collectively understand health care, market opportunity by specialty and throughput drivers that affect decision making. Other aspects of clinical space also must be addressed, including licensure, accreditation, code and compliance, market providers and other viable space options suitable for long-term success.
“Our objective is to simplify the process by providing key insights, enhancing performance metrics and managing implementation from start to finish, all through the guidance of the best medical real estate team in the market.”
Working on behalf of physicians, medical groups, hospitals, MSO and investors, Marks has negotiated on more than 2 million square feet of clinical space with values approaching $1 billion for some of the country’s leading health care providers, the news release said. During his 12-year tenure at Cresa, he added market share in New Jersey, New York, Pennsylvania and other markets nationwide.
