317 George Street, Suite 220
New Brunswick, NJ 08901
Download Word Doc: Click Here
Absorption Potential and Complexity of Health Care Transactions Loom as Major Points of Discussion
Event Date: April 08, 2014
WOODBRIDGE, N.J., March 18, 2014 – While vacancies remain stubbornly high in many of New Jersey’s suburban office markets, health care is an industry on the grow. Is the ongoing transformation of how and where health care services are delivered just what the doctor ordered for those tough-to-lease office spaces?
That question and more will be discussed at the Chapter Meeting of NAIOP New Jersey, the commercial real estate development association, on Tuesday, April 8, 2014. The event is slated for the Woodbridge Hilton.
The program will include an in-depth discussion of not only the question of whether health care’s growth can potentially absorb office vacancies, but also the “art of the deal.” Unlike traditional office product, health care facilities aren’t well understood by municipalities, and the deals themselves are more complex. They require everything from additional planning, ownership, management, insurance and financial considerations, to such specifics as high-tech medical build-outs and higher parking ratios.
Insight will be provided by William Colgan, managing partner of Community Healthcare Associates, LLC; Robert Flieger, director of construction real estate advisory services for Ernst & Young; and Mark Manigan, Esq., a partner in the Health Law Practice Group of Brach Eichler. Jeffrey Prezant of Cushman & Wakefield’s Office & Technology Brokerage/Data Center Advisory Group, will moderate.
The dinner event will begin with registration and networking at 5:30 p.m. and conclude at 8 p.m. To register, or for more information, contact NAIOP New Jersey at (732) 729-9900 or visit http://www.naiopnj.org/