NAI DiLeo-Bram & Co. Signs Three New Vein Center Office Leases across New Jersey
Firm expands activity across Mercer, Middlesex & Morris Counties
Woodbridge, N.J., Feb. 26, 2024 – Two separate vein centers have leased more than 11,200 SF of office space across three separate buildings in New Jersey’s Mercer, Morris and Middlesex counties under a series of recent lease agreements arranged by NAI DiLeo-Bram & Co. (NAIDB) of Woodbridge.
200 Metroplex Drive, Edison NJ
The NAIDB brokerage team, spearheaded by Executive Vice President Robert Dinner, reports the transactions include 3,600 SF at Forrestal Professional Center II in the Plainsboro section of Princeton; 4,100 SF at 310 Madison Avenue in Morristown; and 3,500 SF at 200 Metroplex Drive in Edison.
In the first two tenant-representation assignments, NAIDB’s Dinner and Associate Vice President Robert V. DiLeo facilitated long-term lease agreements on behalf of VIP Medical Group, a laser vein clinic headquartered in New York City. For the latter, Dinner represented the landlord, Metroplex Associates, in securing the Metro Vein Center lease.
“These lease agreements speak to the overall demand for high-caliber medical office space in general and the expansion movement within the vein-center specialty area, specifically,” said Dinner, who has more than 30 years of commercial real estate experience representing leading owners and tenants throughout New Jersey. “The Forrestal Professional Center II lease also has significance because it is part of NAIDB’s recent expansion within the Mercer County submarket under the NAI Global platform.”
According to Dinner, VIP Medical Group’s lease at Forrestal Professional Center II includes an extensive build out for the provider’s multi-specialty clinic focusing on vein disease treatments and pain management. The company currently operates offices in Clifton, Paramus, Woodland Park, Woodbridge Scotch Plains, West Orange and Edgewater as well as New York City, California and Maryland.
Forrestal Professional Center II at 8 Forrestal Road South is a new 40,000-SF medical/office building that is part of a two-building Class A office campus totaling 80,000 SF. Situated at U.S. Route 1, the building offers proximity to Princeton Medical Center and is owned by Visceglia Realty Group (VRG) of Edison, which was represented by Paul Goldman, senior director of Commercial Property Network, and Vic Angeline III, Esq., VRG managing partner.
At 310 Madison Ave., in Morristown, VIP Medical Group will be part of an impressive tenant roster that includes Atlantic Health System’s Outpatient Center. Atlantic Health is one of the largest not-for-profit healthcare networks in New Jersey with nearby Morristown Medical Center as its flagship. The 58,290-SF building is one mile off of I-287 at Exit 35 and offers connectivity to I-78, 80 and 280 as well as U.S. Routes 202, 24, 46 and 10. In the transaction, JLL’s Larry Martin, executive vice president, represented The Silverman Group, the landlord.
Rounding out NAIDB’s latest office lease transactions is a 3,500-SF medical lease orchestrated by Dinner on behalf of Metroplex Associates at its 200 Metroplex Drive office center in Edison. The tenant, Metro Vein Center, was represented by Mina Shehata, a senior director with Cushman & Wakefield.
Located at the crossroads of NJ Transit’s Metroplex Station, an intermodal transit hub along Amtrak’s Northeast Corridor Line in the Iselin section of Woodbridge, 200 Metroplex Drive is part of Metroplex Corporate Center, a three-building, 265,000-SF office campus for which Dinner serves as exclusive leasing agent.
Offering proximity to mass transit and a highway network that includes I-287, NJ Route 27, U.S. Route 1, the NJ Turnpike and Garden State Parkway, Metroplex Corporate Center’s on-site amenities include newly renovated common areas, an on-site café and a bank. Restaurants, a convention center and hotels are nearby.
At 310 Madison Ave., in Morristown, VIP Medical Group will be part of an impressive tenant roster that includes Atlantic Health System’s Outpatient Center. Atlantic Health is one of the largest not-for-profit healthcare networks in New Jersey with nearby Morristown Medical Center as its flagship. The 58,290-SF building is one mile off of I-287 at Exit 35 and offers connectivity to I-78, 80 and 280 as well as U.S. Routes 202, 24, 46 and 10. In the transaction, JLL’s Larry Martin, executive vice president, represented The Silverman Group, the landlord.
Rounding out NAIDB’s latest office lease transactions is a 3,500-SF medical lease orchestrated by Dinner on behalf of Metroplex Associates at its 200 Metroplex Drive office center in Edison. The tenant, Metro Vein Center, was represented by Mina Shehata, a senior director with Cushman & Wakefield.
Located at the crossroads of NJ Transit’s Metroplex Station, an intermodal transit hub along Amtrak’s Northeast Corridor Line in the Iselin section of Woodbridge, 200 Metroplex Drive is part of Metroplex Corporate Center, a three-building, 265,000-SF office campus for which Dinner serves as exclusive leasing agent.
Offering proximity to mass transit and a highway network that includes I-287, NJ Route 27, U.S. Route 1, the NJ Turnpike and Garden State Parkway, Metroplex Corporate Center’s on-site amenities include newly renovated common areas, an on-site café and a bank. Restaurants, a convention center and hotels are nearby.
###
Based in Woodbridge, N.J., NAIDB is a member of NAI Global, a leading global commercial real estate advisor with 325+ offices and 5,800 professionals. NAI Global completes in excess of $20B in worldwide commercial real estate transactions annually. Leveraging the powerful support of the NAI Global platform, NAIDB offers a full suite of commercial real estate services backed by the personalized service and knowledge of a local firm with the resources of a global company.