South Jersey medical office building sells to multiple tenants, including GI group

Marlton, N.J.-based Virtua Health is a major tenant of a 40,218-square-foot office building in South Jersey sold for $4.5 million, according to an Oct. 2 report from the Philadelphia Business Journal.

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The sale was brokered by Evan Zweben of Colliers International, and it breaks down to $112 per square foot, the report said. The seller was a physician who practices and owns a building in the same block. 

Other tenants include South Jersey Gastroenterology and Advocare ENT.

“The fill-in vacancy definitely restores the value that was there, and now these two doctors own each of their buildings,” Mr. Zweben said in the report. “It’s a win-win for everyone.”

Read the full report here.

More articles on surgery centers:
Akron Children’s expanding GI services through $7.5M medical center development
Gastro Health partners with 2 practices, expands into Ohio
Developer purchases, redeveloping surgery center in North Carolina

 

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