GAIA Real Estate announced Monday it signed a 15-year lease with Englewood Health, one of New Jersey’s leading hospitals and health care networks, to expand further its existing office and retail space at 2 Journal Square in Jersey City. The expanded space will allow Englewood Health to develop a new Orthopedic Clinic, Urgent Care, Breast and Women’s Imaging Center, and medical offices for treating oncology and diabetes patients.
The original 53,222 square-foot lease was signed earlier this year and is now expanded by 19,892 square feet, bringing the total leased space with Englewood Health to 73,114 square feet. The space spans the first, second and third floor of the Class A, nine-story, 325,000 square-feet building which has just completed its multimillion-dollar gut renovation.
“We are pleased to expand our agreement with Englewood Health at 2 Journal Square,” said GAIA Real Estate CEO Danny Fishman. “It is always a great vote of confidence when tenants expand at the same building. “The hospital together with now almost fully leased retail center on the ground floor is a great addition to the area and residents.”
The original lease included space encompassing medical offices for orthopedics, pain medicine, primary care, diabetes, OB/GYN, cancer, cardiology, pulmonology, urology, and colorectal surgery.
CBRE’s Greg Barkan, Remy deVarenne and Sam Bernhaudt represented Englewood Health in the agreement.