St. Joseph’s Health has secured a 60,000-square-foot lease in Totowa within a new 125,000-square-foot medical arts center being developed by CHA Properties, Lee & Associates – New Jersey announced Tuesday.
The Elmwood Park-based commercial real estate firm said brokers Brian Lynch, Peter Rasmusson, Jason Lynch and Joe Tormen exclusively represented St. Joseph’s in the deal.
“St. Joseph’s will transform the site into a state-of-the-art, high-quality medical facility, and deliver the level of care for which the health system is known,” Rasmusson, senior vice president, said.
The facility is slated for completion in early 2021 and will serve as a primary and specialty care hub for St. Joseph’s patients.
“By creating an Ambulatory Care Center in the Totowa community, St. Joseph’s is expanding its services to increase access to high-quality health care,” Kevin J. Slavin, CEO and president of St. Joseph’s Health, said. “Located conveniently adjacent to major highways, we look forward to bringing primary and specialty care and the latest diagnostic and treatment options to the entire Totowa region in a state-of-the-art center designed for patient convenience.”
Construction of the 140-acre mixed-use Medical Arts Complex, formerly known as the North Jersey Development Center, is expected to begin this summer. Development plans call for five separate parcels, including a 276,000-square-foot data center and a 262-bed senior care center. It will be situated on the corner of Minnisink and Vreeland roads and be within close access to Interstate 80 and routes 46 and 23.
“Providing quality, community-based health care under one roof is our mission, and we are honored to welcome St. Joseph’s Health as the building’s anchor,” Bill Colgan, managing partner of CHA Partners, said. “We look forward to recruiting complementary health care services to Totowa and its local environs in order to provide a diverse mix of community-based health care services.”