Atkins Companies and Denholtz Properties announced on Friday the acquisition of the Medical Offices at Chappaqua Crossing.
The Medical Offices at Chappaqua Crossing is a 490,000-square-foot, 59-acre healthcare facility in Chappaqua, New York. The property is currently anchored by Northwell Health’s Northern Westchester Hospital. In addition to Northwell Health, Optum’s CareMount Medical, a network of physicians and care teams across New York, New Jersey and Southern Connecticut also has a significant presence at the property.
Based in West Orange, New Jersey, Atkins Companies is a real estate organization active in the development and management of commercial, retail and residential properties throughout New Jersey.
Denholtz Properties is a vertically integrated commercial real estate investment and development company with a diversified portfolio of assets in strategic markets. Based in Red Bank, New Jersey, Denholtz Properties specializes in the acquisition and development of ground-up multifamily, industrial/flex and office properties.
The investment will leverage Atkins Companies’ experience creating and managing healthcare facilities with Denholtz Properties’ extensive capital markets and development experience to create an unmatched healthcare destination in Westchester County. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this represents the 61st medical office building (MOB) transaction of 2023, as of April 10. This is on par with last year, when there were also 61 MOB deals announced between January 1, 2022, and April 10, 2022.
