the staff of the Ridgewood blog
Fair Lawn NJ, a $22 million sale of a prominent Fair Lawn office building is set to enhance medical office space in the region. The three-story property at 17-17 Route 208 has been acquired by Atkins Companies, a West Orange-based healthcare real estate developer, which announced the purchase on Monday.
Summit Health Anchors 150,000-Square-Foot Property
The 150,000-square-foot building is anchored by Summit Health, which occupies 78,000 square feet of the facility, according to a news release from Atkins Companies.
A multimillion-dollar renovation was recently completed at the site, featuring:
✅ New roof
✅ Renovated common areas and lobby
✅ Upgraded elevators
✅ Enhanced landscaping
New Leases Bring Property to Full Occupancy
Following the acquisition, Atkins Companies quickly secured tenants, filling previous vacancies with:
- Gottlieb & Greenspan, LLC – A 6,000-square-foot expansion of the healthcare reimbursement law firm
- SportsCare Physical Therapy – A 4,600-square-foot lease
With these new leases, the building is now fully occupied, reinforcing its status as a premier medical office hub.
Atkins Companies’ Vision for Healthcare Real Estate
“Our acquisition of 17-17 Route 208 reflects our commitment to investing in high-quality, well-located medical office properties that meet the evolving needs of today’s healthcare providers,” said Cory Atkins, Principal of Atkins Companies. “We are excited to bring the building to full occupancy and leverage our relationship-driven approach to ensure a premier experience for our tenants and their patients.”
Prime Location for Medical Services
The property is strategically located near:
📍 Routes 4 and 7
📍 Garden State Parkway
This prime positioning offers easy access for healthcare providers and patients, making it an ideal location for medical office tenants.
Deal Brokered by CBRE & Financed by Peapack Private Bank & Trust
The sale was facilitated by Jeffery Dunne, Doug Rodio, Travis Langer, and Dan Blumenkrantz of CBRE, in collaboration with Brannan Knott and Chris Bodnar from CBRE’s U.S. Healthcare Capital Markets team, representing the seller, Keystone Development + Investment.
Peapack Private Bank & Trust provided financing for the transaction.
Stay Updated on New Jersey Real Estate Developments
For the latest updates on commercial real estate trends, healthcare developments, and investment opportunities, Subscribe Today to #theRidgewoodblog eBlast Stay Informed on #Local, #Events, and #News, http://eepurl.com/bgt6T #subscribe, #localnews, #BergenCounty, #Newjersey
I’m surprised I didn’t turn that into condos, like to do across the street from that location pack more people in Fairlawn, Fairlawn turning out to be a little city, they’re ruining that town.
Route 7?