May 28, 2024

Accordia Named Third-Party Manager for Portfolio of Three Medical Buildings in Montvale, N.J.

By Accordia

Accordia announced that it has been named third-party manager for three medical, office buildings in Montvale, NJ.

The three properties are all located within the same one-block area in Montvale, in a region known for its growing influence in northern New Jersey’s healthcare sector. The properties are:

  • 160 Summit Avenue, a multistory, 32,000-square-foot, medical, office building;
  • 305 West Grand Avenue, a single-story, 27,163-square-foot medical, office building; and
  • 50 Craig Road, a single-story, 14,000-square-foot medical, office building.

    “We are excited to add this respected portfolio of properties to our management services client roster,” said Christopher Hayes, Managing Director of Accordia. “Our third-party management services will play a significant role in Accordia’s core business offerings and East Coast expansion plan moving forward. Accordia has always been widely recognized for its stellar service, hands-on collaborative approach, and meticulous attention to detail in every facet of property management.”

    “Moreover, we have a fiduciary responsibility to do a stellar job. And we remain focused on maximizing returns for our owners and investors,” he said.

    The properties are strategically located in New Jersey’s famous healthcare corridor, at exit 172 of the Garden State Parkway, and minutes from I-287 and the border with Rockland County, New York. Montvale has attracted significant activity in the medical sector in recent years. Leading healthcare providers have opened satellite practice areas in Montvale, attracting medical professionals from all over New Jersey to the town.

    Internationally renowned New York City-based Memorial Sloan Kettering Cancer Center expanded into the area in 2018 with the opening of MSK Bergen, located one block away from the three Accordia-managed properties. Hackensack Meridian Medical Group Orthopedic Specialists of New Jersey is soon to occupy the entire building of 50 Craig Road, with a state-of-the-art medical facility. Kayal Orthopedic Center is located at 305 West Grand respectively. Summit Health and Valley Health, both New Jersey healthcare institutions, have also expanded their practices to Montvale. Valley Health opened a 60,000-square-foot extension of its physician network in Montvale in 2024, while a Summit Health-affiliated CityMD urgent care facility recently opened in Montvale.

    “There is a high demand for medical and office space in Bergen County, and particularly in Montvale, since medical providers best service their patients by establishing their practices near major healthcare centers,” Hayes said.

    Leasing activity is brisk at the three Accordia-managed properties. “Ownership has invested significant money in the right places to accommodate the unique needs of medical users. Paramount to none, is the desire to foster a “Class A” atmosphere for medical practices to succeed and grow. This has been rewarded with three new leases at 160 Summit Avenue: Rubinstein Plastic Surgery Center, a state-of-the-art Cosmetic Surgery Center led by New York’s premier facial plastic surgeon Dr. Ran Rubinstein; Empowered Pelvic Health, specializing in Pelvic Floor Therapy, led by Dr. Carly Gossard; and Center for Resiliency, specializing in Transformative Mental Health Therapy, led by Dr. Carol Chu-Peralta. Two new leases are pending, and we look forward to introducing these tenants to the community.

    A 1,500-square-foot medical suite is available for lease at 305 West Grand Avenue, and a 12,000-square-foot ground floor unit with an open floor plan and a private entrance is available at 160 Summit Avenue. For leasing information, contact Accordia at 973-244-7800 or visit