VINELAND, NJ—Stan Johnson Company has completed the sale of a 37,660 SF Vineland, NJ, medical property to Lexington Realty Trust for $19.1 million.  Located at 1237 W. Sherman Ave. in Vineland, NJ, the property is two miles from New Jersey Route 55, along a heavy medical corridor 40 miles south of Philadelphia. The facility is leased to HealthSouth Rehabilitation Hospital of South Jersey and is guaranteed by HealthSouth Corporation, the largest owner and operator of inpatient rehabilitation hospitals in the United States. 

Camille Renshaw, CCIM, and David Bailey of Stan Johnson Company’s New York office represented the seller, a New Jersey medical developer, in this transaction.  The property is under a 40 year lease with approximately 29 years remaining.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


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


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.