305 West Grand Ave. in Montvale — Courtesy: Accordia
By Joshua Burd
Accordia has completed a series of medical office leases in New Jersey, touting strong demand from health care users seeking space in top-tier buildings.
In Montvale, Hackensack Meridian Health took 8,000 square feet at the real estate firm’s 305 West Grand Ave. property. That includes two transactions, both with five-year lease extensions, adding to Bergen County’s established health care corridor.
Accordia on Tuesday also announced a 4,000-square-foot lease expansion by Metro Vein Centers, a tenant at 34 Mountain Blvd. in Warren. The deal at the firm’s Warren Medical Campus includes a six-year extension.
The landlord represented itself in the two deals.
“Medical professionals continue to prioritize well-located office space that offers convenience for patients and a professional environment for their practices,” said Frank D. Recine, a principal with Accordia. “We focus on actively managing our properties and maintaining high-quality building environments. That commitment continues to resonate with these types of tenants who value hands-on management and well-maintained properties that support their long-term needs and patient care.”
The firm also cited continued demand at 100 Passaic Ave. in Farfield, where it maintains its headquarters, announcing a five-year, 8,700-square-foot lease renewal with OMNI Eye Care. Cushman & Wakefield’s William O’Keefe, Mark Zaziski and Patrick Decker represented ownership alongside the in-house team, while Paul Wolfson of NAI Geiss Realty Group Inc. represented the tenant.
“These transactions highlight the continued strength of the health care sector within our portfolio,” said Jason R. Bogart, Accordia’s founding principal. “Medical providers are expanding in locations that offer strong demographics, accessibility and well-maintained facilities. We remain focused on positioning our properties to support that growth.”
