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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.