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.

Advertisement

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

 

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Advertisement

Next Up in GI & Endoscopy

Advertisement

Comments are closed.