August 1, 2025 9:00 AM
Newmark announces it has completed three new medical office leases on behalf of Urban Edge Properties at Kingswood Crossing, a 113,344-square-foot mixed-use development in Brooklyn, New York. The leasing activity totals nearly 55,000 square feet and welcomes new tenants VNS Health, AdvantageCare Physicians (ACPNY), in partnership with EmblemHealth, and Maimonides Medical Center. Newmark Executive Managing Director Justin DiMare represented the landlord, Urban Edge Properties, 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—underscoring the strong demand for high-quality medical facilities in the heart of Brooklyn.
“This leasing activity marks the completion of our repositioning strategy for Kingswood Crossing, now fully leased to top-tier office and retail tenants,” said Scott Auster, Executive Vice President and Head of Leasing at Urban Edge Properties. “The property has solidified its place as the premier mixed-use commercial destination in Midwood—and one of the strongest in Brooklyn.”
A breakdown of the leasing activity include:
- ACPNY – 22,081 square feet across the third and fourth floor.
- VNS Health – 21,737 square feet across the entire fifth floor.
- Maimonides Medical Center – 9,641 square feet on the third floor.
Located at 1630 East 15th Street, Kingswood Crossing is anchored by Target and Marshalls. The property sits prominently along the Kings Highway commercial corridor, one of the borough’s most trafficked retail and transit arteries, with access to over one million residents within a three-mile radius. The building offers large, efficient floorplates, new construction infrastructure and direct access to the Kings Highway subway station, making it a premier destination for institutional office and retail users alike.
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 supply constrained corridor between Washington D.C. and Boston. Urban Edge owns 73 properties totaling 17.2 million square feet of gross leasable area. For further information, please visit https://www.uedge.com.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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