WEST ORANGE, NJ-The Hampshire Companies and Paragon Realty Grouphave sold a 13,950-square-foot medical office condo in theirrevamped Mount Pleasant Medical facility here.
Hampshire's Igor Derbaremdiker said the deal demonstrates anincrease in demand for net- leased medical office space situatednear area hospitals
Hampshire made over the medical facility at 375 Mt. PleasantAve. in 2010 and continues to see keen interest in a strengtheninghealthcare office market, Derbaremdiker said. The facility meetshospital zone requirements and offers covered parking, multipleat-grade entries, high ceilings, heavy floor loads, high-efficiencyindividual HVAC systems for each suite, and direct utilitymetering.
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