Cushman & Wakefield Named Leasing Agent for New Medical Office Space

Cushman & Wakefield has been named leasing agent for the 14,400-square-foot medical office component of a mixed-use property currently under development in Franklin Lakes. The two-story, Class A retail/office building at 794 Franklin Avenue is on target for delivery in the second quarter of 2017.

Cushman & Wakefield’s Jeffrey Prezant, based in the commercial real estate services firm’s East Rutherford, N.J., office is heading the assignment on behalf of the developer and landlord, Gabrellian Associates.

Located at the intersection of Colonial Road, in the heart of Franklin Lakes’ commercial district, 794 Franklin Avenue is well positioned for healthcare-related tenants serving local and regional clients.

“Bergen County is home to some of the region’s major hospital systems, and Northern New Jersey as a whole has emerged as a hub for quality medicine,” Prezant noted. “As hospitals continue to establish satellite offices and private healthcare practitioners seek opportunities to improve their accessibility for patients, well-located medical office product in densely populated communities remains in high demand. Such is the case with 794 Franklin Avenue.”

Prezant noted that 794 Franklin Avenue occupies a prime downtown site in an affluent community. At the same time, its location less than two miles off the Colonial Road exit of Route 208, just minutes from I-287, will enable tenants to draw patients from throughout Bergen and Passaic counties – and beyond.

The second-floor medical office space at 794 Franklin Avenue is divisible to 5,000 square feet. It features a private entrance lobby with a medical-size elevator and a generous 5.4/1,000 parking ratio. Dedicated monument signage on Colonial Road and Franklin Avenue, along with building signage opportunities, will provide high visibility. Tenants will also enjoy the convenience of the building’s ground-floor retail, as well as neighborhood dining, shopping and services.

###

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.