MEARJ Properties has secured financing for Murray Hill Medical Office Building, a 48,312-square-foot property in New Providence, N.J.
Murray Hill Medical Office Building is a single-story property featuring an interior atrium, outdoor courtyard and parking for more than 200 cars. At 95 percent leased, the building is anchored by Atlantic Health Group and New Providence Dentistry, as well as other wellness and specialty healthcare providers. Many of the tenants have been at the property for more than 10 years and have invested heavily in their spaces, reinforcing their long-term commitment.
Located at 571 Central Ave., the property is positioned close to three major hospital systems: Overlook Medical Center, Cooperman Barnabas Medical Center and Morristown Medical Center. The 4.05-acre site is also easily accessible via a network of major thoroughfares, including Interstate 78, U.S. Route 22 and State Route 28.
JLL worked on behalf of the borrower to secure the s
