Six tenants renew leases in West Orange

By Eric Strauss
West Orange | Apr 16, 2019 at 7:10 am

Atkins Cos., a commercial real estate services firm, signed six lease renewals at a West Orange medical office property, it announced Monday.

The six leases totaled approximately 13,000 square feet at Atkins Medical Plaza, 1500 Pleasant Valley Way. The tenants include physician practices covering urology, physical therapy, cardiology and internal medicine, West Orange-based Atkins Cos. said in a news release.

“Shifts in demographics and a growing demand for health care services have been key drivers in the continued demand for high-quality medical office space,” Chick Atkins, principal at Atkins Cos., said in a prepared statement. “For health care providers, it’s a competitive marketplace as supply of well-located Class A space is often limited.”

The Class A property totals 38,500 square feet, and has a coffeeshop in the lobby and parking. It is currently 100% leased by 15 tenants, with one 3,780-square-foot space opening up in early fall.

“The number and variety of tenants we attracted to the property and have subsequently retained with leases renewals speaks to our expertise in the asset class, as well as our ability to respond to the unique and evolving needs of medical office tenants,” Atkins said.

Eric Strauss | estrauss@roi-nj.com | acerimrat