JLL arranges long-term lease at newly-renovated 160 Summit Ave. near mixed-use North Market development
JLL has announced continued leasing momentum at 160 Summit Ave., a 32,000-square-feet office building situated at the heart of a growing medical hub in Montvale, N.J.
Rubinstein Plastic Surgery Center, LLC, a cosmetic surgery practice, medical spa and aesthetic training site led by Dr Ran Rubinstein, signed a long-term lease for 3,400 square feet to house a second location for the Newburg, N.Y.-based company.The transaction follows recent leases with Refuah Health Center, Inc., a multispecialty medical group, and Empowered Pelvic Health, LLC, which both signed long-term deals at the property.
One of the top facial plastic surgeons in the region and board-certified by the American Board of Facial Plastic Surgery and the American Board of Otolaryngology-Head and Neck Surgery, Ran Rubenstein has been in private and academic practice for over 20 years. An assistant professor at the prestigious Columbia – New York Presbyterian Hospital for over 15 years where he has participated in training future surgeons, Dr Rubinstein has been recognized by his peers as one of the leading trainers for aesthetic laser and injectable procedures, and is one of the most sought-after physician trainers in the northeast.
160 Summit Ave. is a two-story office building owned by locally based Montvale Real Estate Ventures, LLC. The property is undergoing an extensive renovation, which includes a series of upgrades to common areas and restrooms, ADA accessibility, new front entrance, landscaping and high visibility signage.
Surrounded by a growing residential population and multiple healthcare providers, the property is just west of North Market and The Shoppes at DePiero Farm, a nearly 60-acres redevelopment of the former Mercedes headquarters complex that includes 308 apartments, 52,000 square feet of boutique office space, across from 94,500 square feet of boutique retail space, a 231,000 square foot Wegman-anchored lifestyle center and a soon to be constructed 60,000 square feet Valley Health medical office building.
JLL executive managing director Frank D. Recine serves as exclusive leasing agent for 160 Summit Ave. and GTL Construction, a full-service construction company located in Parsippany, is managing renovations at the property.
“We are excited to welcome Dr. Rubinstein to the building and the area. Ownership’s commitment toward improvements to the building and its concierge service management style, has established 160 Summit Ave. as a prominent location in a region experiencing renewed interest from healthcare providers,” said Recine. “Rubinstein Plastic Surgery Center is exactly the calibre of tenant ownership had in mind when formulating its repositioning strategy.”
Located minutes from the Garden State Parkway and the New York State Thruway,160 Summit Ave. offers high quality office space in a competitive regional health-care market. JLL is currently marketing medical availabilities ranging from 1,000 to 12,000 square feet in the building.
“160 Summit offers the unique opportunity fora 12,000-square-foot medical practice with a private main entrance and branding opportunity,” said Recine.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
