HACKENSACK, NJ—Two new leases of medical office space at 385 Prospect Avenue in Hackensack, NJ, have brought the property to more than 90 percent leased.

Simone Development acquired the property in the first half of 2017 and has repositioned the asset and invested in a multi-million-dollar renovation, including new lobbies, common areas, façade work and energy management upgrades to bring the asset up to the quality standards the company is known for throughout its portfolio of medical office properties.

“Simone Development is pleased to be able to provide an upscale medical office property and support the community of Hackensack,” says James D. MacDonald, vice president/director of leasing for Simone Metro Properties. “Our property has been repositioned into a premier medical office facility. We provide first in class amenities such as valet parking and onsite management and find it important to provide a healthcare facility that is representative of the quality of care visitors expect to receive from the tenants in our properties.”

MacDonald arranged the leases, which bring the property from 40 percent to 90 percent occupancy. A diverse group of medical tenants, including the New Jersey Imaging Network, Metro Vein, Garden State Dental, Quest Diagnostics and Hackensack University Medical Center are now open for business at the property.

Located less than a mile north of Hackensack University Medical Center and less than a half mile from the Anderson Street NJ Transit station, the property offers excellent accessibility to Interstate 80, Route 17, Route 4, the Garden State Parkway and Interstate 95/NJ Turnpike.

The property, situated on 1.6 acres and built in 1983, includes parking for more than 200 vehicles.

Instant Insights /

Renovations, Leasing Deals, Bring Hackensack, NJ, MOB Near Full Occupancy

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