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New York & Tri-State  + New Jersey  + Office  | 

Harrison Street Nabs New Jersey Medical Office Complex

Chicago-based Harrison Street Real Estate Capital, LLC, acquired a 538,107-square-foot MOB in Morristown, NJ from National Business Parks, Inc. for an undisclosed amount. Brokers involved in the deal say it is the largest medical office sale ever in the state of New Jersey by square footage.

The three-building, Class A buildings are 93% leased to Atlantic Health System, an integrated health delivery system, and houses some of its critical offices and unique services. Located at 435, 465 and 475 South St., the complex is situated in the highly-coveted city of Morristown, just a mile south of Atlantic Health Systems’ flagship 742-bed hospital.

HFF’s investment advisory team representing the seller included Ben Appel, Jose Cruz, Evan Kovac, Matthew DiCesare and J.B. Bruno.

Connect Healthcare is slated for October 29 and 30 at The Resort at Pelican Hill. Follow this link for more information and to register for the conference.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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