Index Investing News
Friday, May 9, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Horizon Equities Buys New Jersey MOB

by Index Investing News
January 6, 2024
in Property
Reading Time: 4 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Jackson Health Village came online between 2014 and 2015. Image courtesy of JLL Capital Markets

Jackson Health Village came online between 2014 and 2015. Image courtesy of JLL Capital Markets
Jackson Health Village came online between 2014 and 2015. Image courtesy of JLL Capital Markets
Jackson Health Village came online between 2014 and 2015. Image courtesy of JLL Capital Markets
Jackson Health Village came online between 2014 and 2015. Image courtesy of JLL Capital Markets

Horizon Equities has acquired Jackson Health Village, a 150,000-square-foot medical office building in Jackson, N.J., for $24 million. JLL Capital Markets worked on behalf of the seller and procured the buyer.

Jackson Health Village came online between 2014 and 2015 in multiple phases at a development cost of $34 million, the Coloradoan reported. The property was designed to include medical services, as well as a 30,000-square-foot fitness center and other amenities such as spin rooms, a recovery zone and a Kids Club childcare.

The three-story building rises on 11.3 acres and has 609 car parking spaces. The physician practice areas include internal medical and family practice, women’s and children’s health and surgical specialties. The facility also offers imaging center, laboratory, urgent care, pharmacy, radiology and conference space. Jackson Health Village was 64 percent occupied at the time of sale, the tenant roster including Hackensack Meridian Urgent Care, Hackensack Meridian Village Pharmacy, Ocean Dermatology and Kent Plaza Pediatrics, among others.

Located at 27 S. Cooks Bridge Road, the property is less than 10 miles from Interstate 195, some 30 miles from Trenton, N.J., and 60 miles from New York City. Additionally, the building has access to the Garden State Parkway and U.S. Route 9. Medical facilities in the surrounding area include Jackson Aesthetics Center, Barnabas Health Medical Group and Howell Jackson Medical Center.

The JLL Capital Markets team included Senior Managing Directors Jeremy Neuer and Jose Cruz, alongside Vice Chairman Dan Loughlin, Managing Director Tom Stanton and Associate Vice President Matt Loughlin.

Investment in medical office buildings

New Jersey was among the markets that surpassed the $1 billion threshold in sales last year through November, with $1.2 billion in office buildings changing hands, a recent CommercialEdge report shows. Assets traded at an average of $144 per square foot. A total of 48 medical office buildings, encompassing 722,910 square feet, sold in the metro throughout last year.

Nationwide, despite a lower transaction volume compared to previous years, the average price per square foot for outpatient facilities stood at $296 in the first half of 2023. The medical office sector continues to thrive, despite economic hardships, due to its low vacancy rate, tenant stability and demand driven by an aging population and medical technological advancement.



Source link

Tags: buysEquitiesHorizonJerseyMob
ShareTweetShareShare
Previous Post

Tech View: Nifty may find resistance around 21,800-21,850 next week. What should traders do?

Next Post

Warriors collapse after squandering 99.6% to win, fans in despair after Nikola Jokic’s shot

Related Posts

Simply Listed | 13701 Artisan Circle

Simply Listed | 13701 Artisan Circle

by Index Investing News
May 8, 2025
0

AMAZING IN ARTISTRY2 Beds | 2 Baths Up to date Class Meets Resort Residing in Artistry! Welcome to this upgraded...

Gradual Begin for Charlotte’s Workplace Market in Q1

Gradual Begin for Charlotte’s Workplace Market in Q1

by Index Investing News
May 8, 2025
0

The Charlotte, N.C., workplace sector had a sluggish first quarter of the yr, with solely a single constructing delivered, based...

Keller Williams Celebrates seventeenth Annual RED Day

Keller Williams Celebrates seventeenth Annual RED Day

by Index Investing News
May 9, 2025
0

Keller Williams LLC (KW), the world’s largest actual property franchise by agent depend, is internet hosting its seventeenth annual Renew,...

After Years Abroad, They Got here Residence for a Quiet Life in Upstate New York

After Years Abroad, They Got here Residence for a Quiet Life in Upstate New York

by Index Investing News
May 8, 2025
0

Carol Volk and Jules Leichter’s careers have taken them everywhere in the world — Washington D.C., Paris, Rome, Tel Aviv,...

Simply Listed | 1310 Lamarville Drive

Simply Listed | 1310 Lamarville Drive

by Index Investing News
May 7, 2025
0

"WOW" in Windsor Park4 Beds | 3 Baths This gorgeous house is a superbly up to date gem, absolutely built-in...

Next Post
Warriors collapse after squandering 99.6% to win, fans in despair after Nikola Jokic’s shot

Warriors collapse after squandering 99.6% to win, fans in despair after Nikola Jokic's shot

STZ Earnings: Key quarterly highlights from Constellation Brands’ Q3 2024 financial results

STZ Earnings: Key quarterly highlights from Constellation Brands’ Q3 2024 financial results

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

How love, Warriors basketball and poetry brought Tom Meschery back

How love, Warriors basketball and poetry brought Tom Meschery back

March 10, 2024
Visions of hell, in Haiti — International Points

Visions of hell, in Haiti — International Points

April 3, 2022
High quality of Earnings: A Crucial Lens for Monetary Analysts

High quality of Earnings: A Crucial Lens for Monetary Analysts

March 26, 2025
New examine finds medical colleges worth activism over science

New examine finds medical colleges worth activism over science

September 15, 2024
Inside Minister Arbel seeks new airport at Beit She’an

Inside Minister Arbel seeks new airport at Beit She’an

August 7, 2024
S&P 500 posts worst first half since 1970 | Monetary Markets Information

S&P 500 posts worst first half since 1970 | Monetary Markets Information

June 30, 2022
What is daylight saving time and which countries are changing their clocks? | Explainer News

What is daylight saving time and which countries are changing their clocks? | Explainer News

October 31, 2023
The Dodgers Simply Purchased One other World Collection Contender—And They’re Not Apologizing

The Dodgers Simply Purchased One other World Collection Contender—And They’re Not Apologizing

January 31, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In