Rendina Healthcare Real Estate recently acquired a 62,535-square-foot medical office building at 1135 Broad St. in Clifton, NJ for an undisclosed sum. Rendina partnered with Artemis Real Estate Partners on the acquisition as part of a larger programmatic joint venture relationship.
Major tenants in the building include St. Joseph’s Health and Children’s Specialized Hospital. The latter is an RWJBarnabas Health group and industry leading healthcare provider for children.
“This asset is a natural fit in our portfolio,” said David B. Rendina, EVP – development & acquisitions at Rendina, “and we are excited to expand our relationship with two of the most prominent healthcare providers in New Jersey. We are committed to ensuring this facility continues to serve as a location where the citizens of Clifton and surrounding communities can go to receive the highest quality of healthcare in the area.”
Debt financing for the transaction was secured through Capital One.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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