PARSIPPANY — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that Garden State Orthopedic Associates, P.A. has signed a long-term lease for nearly 5,200 square feet at Two Sylvan Way, 53,365-square-foot, three-story office building.
Avison Young Senior Vice-President Patrick Eichner and Vice-President Peter Hedley of the firm’s New Jersey office represented the property owner, Dowell Associates, in the transaction.
Currently, 2 Sylvan Way is undergoing major capital improvements, including the expansion and reconfiguration of parking, landscaping and lighting. The building’s façade and entryways, lobby, common area corridors and bathrooms will also be redesigned. Garden State Orthopedics was particularly attracted to Two Sylvan Way’s ample parking and on-site property management.
“With significant capital improvements underway, the property owner is aiming to appeal to more healthcare tenants in addition to general office users,” comments Eichner. “Dowell Associates recognizes what is needed to appeal to healthcare users, and is committed to making the necessary improvements.”
Fitted for medical office and general office uses, Two Sylvan Way is strategically located at the intersection of Sylvan Way and Route 202, with signage along Route 202.
This is the seventh location for Garden State Orthopedic Associates, P.A., which specializes in sports medicine, total joint replacement, rehabilitation, general orthopedics, foot and ankle, hand, wrist, knee and shoulder surgery. The tenant also has offices in Fair Lawn, Mahwah, Hoboken, Midland Park, and Clifton.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises more than 1,700 real estate professionals in 66 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
