St. Joseph’s inks 60,000 sq. ft. medical office lease in Totowa, Lee & Associates says

Jun 7, 2019 | Deals, Education, Office

A rendering of a planned medical office building on Minnisink Road in Totowa — Courtesy: Lee & Associates

By Joshua Burd

St. Joseph’s Health has leased 60,000 square feet of medical office space as part of an ongoing redevelopment plan in Totowa, brokers with Lee & Associates said Thursday.

The firm’s New Jersey office represented the Paterson-based health care system in the lease on Minnisink Road, which sits within a 147-acre parcel owned by Community Health Care Associates. St. Joseph’s will occupy the entire four-story building, with construction slated to begin this summer and a projected opening of early 2021.

The Lee & Associates New Jersey brokerage team included Brian Lynch, Peter Rasmusson, Jason Lynch and Joe Tormen.

“St. Joseph’s will transform the site into a state-of-the-art, high-quality medical facility and deliver the level of care for which the health system is known,” said Rasmusson, a senior vice president in the Elmwood Park-based office.

The center will serve as a primary and specialty care medical hub for patients, Lee & Associates said. Plans also call for amenities for ease of scheduling and the latest technology to enhance patient experience, in addition to health and community education programs.

“By creating an Ambulatory Care Center in the Totowa community, St. Joseph’s is expanding our services to increase access to high-quality health care,” said Kevin J. Slavin, CEO and president of St. Joseph’s Health. “Located conveniently adjacent to major highways, we look forward to bringing primary and specialty care and the latest diagnostic and treatment options to the entire Totowa region in a state-of-the-art center designed for patient convenience.”

The health care operator will occupy one of two planned 60,000-square-foot medical office buildings on the campus. The system has emerged as an early user at Community Health Care Associates’ redevelopment of the former North Jersey Developmental Center.

CHA, led by Bill Colgan, is repurposing a portion of the property.

“With its proximity to Routes 80, 46 and 23 and mass transportation we recognized the property’s strength and attractiveness in the medical office space market in Passaic County,” said Brian Lynch, a principal with Lee & Associates. “It represented a tremendous opportunity for St. Joseph’s expansion and accessibility goals.”

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

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