Simone Development Companies, a leading investor and developer of medical office and healthcare properties throughout New York, New Jersey and Connecticut, announced Hackensack Meridian Health has signed a new long-term lease of 5,111 square feet of medical office space at 385 Prospect Avenue in Hackensack, NJ, bringing the property to 97 percent occupancy. The building’s last remaining spaces are comprised by two 1,100-square-foot medical offices on the ground floor.

The lease was arranged by Josh Gopan, AVP of Leasing for Simone Development Companies and Patrick Eichner of Avison Young.

Simone Development Companies undertook a multi-million-dollar renovation after acquiring the property in 2017. The repositioning of the building included new lobbies, common areas, façade work and energy management upgrades, bringing the asset up to the quality standards Simone is known for throughout its portfolio of medical office properties. Situated on 1.6 acres, the property offers parking for more than 200 vehicles as well as valet parking.

“We are thrilled to provide New Jersey’s largest health network with state-of-the-art medical office space at 385 Prospect Avenue,” said Gopan. “Hackensack Meridian Health can rest assured they will be operating from premier medical offices in a property providing first in class amenities such as valet parking and onsite management. We have developed a facility that is representative of the high quality of care visitors expect to receive from tenants like Hackensack Meridian Health.”

385 Prospect Avenue is located less than a mile north of Hackensack University Medical Center and less than a half mile from the Anderson Street NJ Transit station. The property also offers excellent accessibility to Interstate 80, Route 17, Route 4, the Garden State Parkway and Interstate 95/NJ Turnpike.

ABOUT SIMONE DEVELOPMENT COMPANIES

Simone Development Companies is a fully integrated private real estate investment and development company that acquires and develops healthcare, mixed-use, commercial, industrial, retail and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over seven million square feet throughout the Bronx, Manhattan, Queens, Long Island, Westchester, Orange and Fairfield Counties and New Jersey. With services spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its creatively oriented management team, long-term asset ownership and its pursuit of visionary development.