Global professional services and investment management firm Colliers has announced the upcoming sale offering of three separate, lender-owned (REO) medical office buildings located across Bergen, Essex and Hudson counties.
The properties are being offered individually and feature established healthcare tenancies alongside significant value-add and lease-up potential. Colliers Vice Chair Jacklene Chesler, Senior Vice President Patrick Norris, and Transaction Manager Brittany Leventoff are exclusively marketing the assets.
The properties will be auctioned online via Ten-X, with competitive bidding scheduled to run from Oct. 26 to 28.
Individual asset highlights
- Glen Rock (85 Harristown Road): A roughly 45,400-square-foot medical office building currently at 72% occupancy. The asset offers immediate income stability and is anchored by Valley Health System.
- Roseland (556 Eagle Rock Avenue): A ±42,200-square-foot facility offering substantial value-creation and lease-up upside, sitting currently at an 18% occupancy rate.
- Jersey City (631 Grand Street): Built less than 15 years ago, this ±31,400-square-foot property is 43% occupied and anchored by RWJBarnabas Health, featuring in-place surgery and radiology tenants. It also includes a rare, turnkey vacant surgical center, making it ideal for ambulatory surgery providers or specialty medical users looking for immediate occupancy in a dense residential and employment hub.
“Health care real estate continues to attract investor interest due to the essential nature of medical services and the long-term demand drivers supporting the sector,” Chesler of Colliers said. “Each of these assets offers investors a distinct investment profile, from stable occupancy and established tenancy to upside through lease-up and future growth.”
Positioned within high-density Northern New Jersey submarkets, the properties benefit from strong regional demographics, vital transportation connectivity, and close proximity to the broader New York metropolitan area.
