Atkins Companies announced on March 29 that it acquired a medical office building (MOB) in Washington Township, New Jersey.
The Washington Medical Arts Building is a two-story, Class-A building that is leased to several healthcare and wellness tenants including Weisman Children’s, Rowan Medicine, Select Surgical Center and Jefferson Health. It contains more than 70,000 square feet.
Atkins Companies is a multigenerational commercial real estate developer, investor and property manager. It is based in West Orange, New Jersey.
The acquisition is Atkins Companies’ latest investment in Washington Township, which is in New Jersey’s Gloucester County. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 54th MOB transaction of the year. The MOB transaction with the largest purchase price of the year is Big Sky Medical Real Estate’s acquisition of a 10-property portfolio for $190 million. The portfolio spans Texas, Maryland, Louisiana and California.
