Springfield Avenue Marketplace in Newark— Courtesy: NAI James E. Hanson
By Joshua Burd
A health care provider is bringing its brand of urban medical clinics to New Jersey, choosing a recently opened development in Newark for its first location in the state.
The operator, Ampersand Health, has committed to a location at 204-234 Springfield Ave. at the recently built Springfield Avenue Marketplace, brokers with NAI James E. Hanson said Monday. The Nashville-based provider will open a clinic under its CityLife brand, which aims to address the need for efficient, local and quality primary medical care in underserved inner-city neighborhoods.
NAI Hanson’s W. Joshua Levering and Nicholas DePaolera represented Ampersand Health. Jake Frantzman of Ripco Real Estate represented the landlord, Tucker Development.
“Ampersand Health recognized the central location, mass transportation and population density of the surrounding community that made this central location an ideal spot for their first CityLife location in New Jersey,” DePaolera said.
Springfield Avenue Marketplace, which opened in 2016 in Newark’s University Heights neighborhood, is a five-building development anchored by a 70,000-square-foot ShopRite. The complex is also adjacent to 24 Jones, a 152-unit residential complex built by Tucker.
Levering said the commitment by Ampersand Health was another sign that Newark “continues to be an increasingly attractive spot for new businesses or, in this case, businesses looking to expand their operations into our state.”
“Newark’s growing populace coupled with both Rutgers and UMDNJ make it a highly attractive location,” Levering said. “The new building allowed for a build-to-suit office that could include the many unique features for a new first-class medical installation.
“We were happy to work with both Ampersand and ownership’s teams to successfully complete this transaction. I have brokered in Newark many-many years and am confident this new CityLife clinic brings an invaluable additional service to the growing city of Newark.”
Frantzman, who is based in Ripco’s Lyndhurst office, added: “We’re excited to for Ampersand Health to join Springfield Avenue Marketplace and further diversify the tenant mix of the center while providing expanded access to critical health and wellness services to the Newark community.”
