UNION CITY, NJ-In an effort to get physicians to practice in an inner city, Kennedy Medical Center here is offering one-time grants of between $10,000 and $50,000 to young doctors who want to set up their practice in the building.

“We are trying to encourage young, entrepreneurial physicians to come into communities that they might not normally look at,” says Frederick S. Fish, managing member of Grand Metropolitan Properties of North America. “Certainly, Union City is densely populated and very much in the need of a number of sub-specialties that may be drifting to other places.”

Grand Metropolitan Properties and its equity partner, the Real Estate Equity Co., are offering the grants. Treeco is headquartered in Englewood and was co-founded by Fish and Nathan J. Shmalo, both principals. Together, the managing partners jointly own and manage a $500-million portfolio of shopping centers in the New York metropolitan area.

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