Rendina Healthcare Real Estate, a company looking to help hospitals and health systems in fulfilling growth and physician recruitment strategies, has partnered with Artemis Real Estate Partners as part of a programmatic joint venture to acquire a 62,535-square-foot medical office building in Clifton, N.J.
Tenants in the building include St. Joseph’s Health and Children’s Specialized Hospital. Rendina has developed over 8.3 million square feet during its 35-year tenure in the industry. Artemis is an investment manager focused on equity and debt investments in commercial real estate in the U.S. Debt financing for the transaction was secured through Capital One.
“We are committed to ensuring this facility continues to serve as a location where the citizens of Clifton and surrounding communities can go to receive the highest quality of healthcare in the area,” comments David Rendina, executive vice president, development and acquisitions at Rendina.