Urban Edge Properties Signs Lease With Maimonides Medical At New Kingswood Crossing Office Building

9/23/20

World-Class Medical Office Set For Kings Highway Anchored by Target, Marshalls

Urban Edge Properties (NYSE:UE) today announced that Maimonides Medical Center has leased 9,500 square feet at Kingswood Crossing along King’s Highway in Brooklyn’s bustling Midwood neighborhood. Slated for orthopedic medical offices, the Class A space provides a central, transit-oriented location for convenient employee and patient access with desirable and essential retail at the base of the building. The new, highly accessible office will offer employees and patients sweeping views, and an abundance of natural light from a full floor roof deck and floor-to-ceiling windows.

The ground-up redevelopment of Kingswood Crossing into a modern mixed-use retail and office building was completed in 2019 and now offers the submarket’s largest and best-in-class office floorplates, ceiling heights, loading and parking, and boasts features seldom found in Central Brooklyn. In today’s market, the building’s features, along with the transit access and available parking, provides an attractive office alternative to more densely populated areas of the city and the larger Metro-New York market. Two additional top floors, up to 40,000 square feet combined, are still available for lease in this thriving Midwood, Brooklyn location.

“We acquired this property earlier this year believing that it is the best Class A office space in Midwood and highly attractive for institutional office tenants,” said Scott Auster, Senior Vice President for Urban Edge. “With Maimonides Medical Center, we’ve validated that belief and look forward to welcoming like-minded companies looking for a superior location, building, access and space.”

Justin DiMare of Newmark represented Urban Edge Properties and the tenant was represented by Nick Zweig from Locations Real Estate.

For more information on retail availabilities at Kingswood Crossing, contact Scott Auster at sauster@uedge.com. For Class A Office opportunities contact Justin DiMare at jdimare@ngkf.com or learn more HERE.

About Urban Edge Properties

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region. Urban Edge owns 78 properties totaling 15.1 million square feet of gross leasable area. Visit uedge.com to learn more.