Building with ASC to occupy slice of former New Jersey pharma complex — 5 insights

With final site plan approval, development firm Prism Capital Partners plans to begin work on a four-story New Jersey medical office building in the first quarter of 2021, according to Real Estate Weekly.

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Five insights:

1. Hackensack (N.J.) Meridian Health has pre-leased the 80,000-square-foot facility, which will occupy a parcel of land on Prism’s ON3 campus.

2. The development site spans Nutley, N.J., and Clifton, N.J., and it was once a complex for pharmaceutical company Hoffmann-La Roche.

3. Expected to wrap up in mid-2022, the campus’ new built-to-suit facility will include multispecialty practice areas as well as an ASC.

4. An estimated 5,500-plus people will be employed at the ON3 campus by 2021.

5. The campus is already home to Hackensack’s School of Medicine and Center for Discovery and Innovation, a National Health Institute-designated Clinical Research Center. Quest Diagnostics and a graduate nursing program are among the campus’ incoming tenants.

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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.

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Wednesday, July 29
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Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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