IVX Health continues to expand nationally to bring infusion and injection therapy to accessible retail locations
JLL announced today it has completed six new retail leases for IVX Health as the rapidly growing healthcare disruptor expands its footprint into New Jersey.
Private equity-backed IVX Health is a national provider of infusion and injection therapy. Its network of outpatient infusion centers provides care for patients across the country with complex chronic conditions such as multiple sclerosis, rheumatoid arthritis, Crohn’s disease, and more.
The six new New Jersey IVX clinics are all located within retail centers, in line with the company’s strategy of expansion in communities where patients live and work.
“We seek locations where our patients can conveniently schedule their care appointments to easily fit into their existing lifestyles,” said Bryan Padilla, Director of Facilities, IVX Health. “We are thrilled to continue expanding across the Northeast by opening new infusion centers in New Jersey, where we’re committed to delivering world-class care and clinical excellence to both patients and referring specialty providers.”
The new leases include:
- Clifton Town Square, 700 Rt. 3, Clifton. Bill Farkas of Jeffery Realty represented the landlord in a 2,247-square-foot lease at the Trader Joe’s anchored Shopping center.
- Neighborhood retail center, 501 Rt. 17, Paramus. Greg Panayoti of NIA National Realty represented the landlord in the lease of 2,756 square feet of retail space.
- East Gate Square Shopping Center, East Gate Drive, Mount Laurel. Andrew Shpigel and Michael Gorman of Metro Commercial represented the landlord negotiating the lease for 1,873 square feet of retail space.
- Park East Plaza, 818 Haddonfield Rd, Cherry Hill. JLL represented both tenant and landlord in the 3,000-square-foot lease.
- Edgewater Marketplace, 725 River Road, Edgewater. Ripco Real Estate represented the landlord, Capstone Marketplace, LLC, in the lease for 2,374 square feet of space.
- South Pass Village, 1727 Springfield Ave, New Providence. JLL represented the tenant, dealing directly with ownership Regency Centers in the lease for 1,825 square feet of space.
IVX Health retained a JLL team led by Vice President Sarah Savage to manage the national rollout of its infusion clinics. Managing Director David Townes and Vice President Alana Friedman assist Savage in the New Jersey region, where IVX Health plans to open several more infusion centers over the next 12 months.
“After rising demand for modern medical space and a shortage of large block availabilities forced many health care providers to embrace previously unconventional space like shopping centers, these locations have now become a favored choice,” said Townes. “We are pleased to have identified multiple highly visible retail locations where IVX Health will be able to provide patients with easily accessible services in comfortable, modern settings with ample parking.”
The IVX expansion comes as a new report from JLL highlights the shift from traditional medical office to retail space. According to Medtail in Transition, 5,283 healthcare companies moved into retail space last year as healthcare providers sought more accessible locations for patients who prioritize location ahead of insurance coverage when selecting a provider.
The report also highlights certain types of medtail, such as physical therapists and chiropractors, are moving into more locations than other provider types. Simultaneously, there’s a growing trend in wellness and preventative care services, especially in affluent areas, with concepts like IV drip clinics expanding into retail locations.
About IVX Health
IVX Health is a national provider of infusion and injection therapy for those with complex chronic conditions such as rheumatoid arthritis, Crohn’s disease, multiple sclerosis, and other conditions. IVX Health’s national footprint of outpatient infusion centers are conveniently located in the communities where patients live and work. IVX Health’s experience-first model includes amenities such as flexible appointment scheduling with evening and weekend availability, guaranteed private suites, high-speed Wi-Fi, flat screen TVs with streaming TV and movies, and comfortable recliners with room for guests. For more information on IVX Health and its existing locations, visit www.ivxhealth.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 105,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
