Oct, 20

Thomas Park Investments acquires MOB in Edison, N.J., for $6.83M; Colliers brokers the sale

EDISON, N.J. — After eight national HRE investors made offers, Annapolis, Md.-based Thomas Park Investments recently acquired an MOB and surgery center at 225 May St. in Edison, 35 miles southwest of Manhattan, with about 30,000 square feet. Kim Kretowicz, a healthcare investment sales specialist in the Woodbridge, N.J., office of Colliers International (Nasdaq: CIGI), represented the seller. The price was $6.83 million for the 83 percent leased, “core plus” MOB occupied by five tenants, including affiliates of Hackensack Meridian Health’s JFK University Medical Center and Somerset, N.J.-based RWJBarnabas Health. For more information, please visit HREInsights.com.