LEE & ASSOCIATES, NJ ANNOUNCES 100% OCCUPANCY AT PARKSIDE PLAZA IN RAHWAY
Vice President, Erica Davidson Responsible
for Occupancy Turn-Around from 35% to 100%
ELMWOOD PARK, NJ – November 4, 2014 - Lee & Associates, NJ today announced that Parkside Plaza, a combined medical and office property in Rahway is now 100% occupied. Lee & Associates, NJ - one of the largest commercial real estate firms in the nation - was selected as the exclusive leasing agent by Parkside Plaza when the building occupancy was at a low of 35%.
Erica Davidson, Vice President with the Office and Healthcare Brokerage Division at Lee & Associates, NJ and with the company since 2009, handled the lease transactions and secured a number of tenants to fully occupy the medical space. Davidson is very familiar with the special requirements of healthcare real estate and has worked with hospitals, physician practices, ambulatory surgery centers, and urgent cares over the course of her career. Her industry-rich knowledge in both professional and medical real estate was responsible for the leasing and transaction momentum at Parkside Plaza. “We are excited to work with Parkside Plaza and provide unrivaled expertise in office and healthcare brokerage services,” Davidson comments.
Building owners and business partners, Doctors Matthew and Theresa Cholankeril saw tremendous business potential in the space and purchased the property in 2010. Davidson adds: “This premier Union County address is a strategic location for healthcare professionals and offers many amenities for tenants.” Built in 1983 and nearly 34,000 square feet of prime medical and office suites, the three-story Parkside Plaza is located at 1600 Saint Georges Avenue in Rahway, New Jersey.
Many medical professionals / tenants have found this location extremely convenient and accessible. Located one mile from the interchange of the Garden State Parkway Exit 135 at the corner of Westfield Avenue and St. Georges Avenue, to Routes 35, 27, 1 & 9 and the New Jersey Turnpike, this property is located two blocks from Robert Wood Johnson University Hospital and within several miles of the Linden Municipal Airport and Perth Amboy Junction. Parkside Plaza is only 13 miles from Newark Liberty International Airport and 20 miles to New York City. It is also in close proximity to Overlook Hospital, Newark Beth Israel Medical Center and Atlantic Health Facilities.
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About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers. Lee & Associates provides a wide range of specialized commercial real estate services.
New Jersey Division: As part of a unique and dynamic commercial real estate firm, Lee & Associates, New Jersey LLC, was developed to supply New Jersey and the New York City metropolitan area with highly qualified professionals delivering local expertise, a national reach and world-class results. They are a “one-stop shop” – a single point of contact operation which provides all of a client’s real estate needs in-house. From brokerage services, asset and property management, architecture, design and construction, they focus on clients’ specific requirements to achieve maximum results.
Additional information is available at www.lee-associates.com.