Newmark completed three new medical office leases on behalf of Urban Edge Properties at Kingswood Crossing, a 113,344-square-foot mixed-use development located at 1630 E. 15th St. in Brooklyn. The new tenants include VNS Health for 21,737 square feet; AdvantageCare Physicians, in partnership with EmblemHealth, for 22,081 square feet; and Maimonides Medical Center for 9,641 square feet.
Executive managing director Justin DiMare represented Urban Edge in lease negotiations. “These three medical institutions were attracted to Kingswood Crossing’s new construction specifications, block through floorplates, infill location and institutional ownership.” DiMare said.
The transactions mark the successful lease-up of the property’s remaining office space, which brings the property to full occupancy. Kingswood Crossing is anchored by Target and Marshalls. It sits prominently along the Kings Highway commercial corridor, one of the borough’s most trafficked retail and transit arteries, with access to more than one million residents within a three-mile radius.
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