Dornoch to make a case for new doctor's quarters.

Dornoch Holdings LLC has acquired a 2.6-acre parcel on Joyce Kilmer Avenue in New Brunswick, announced Frank Macios, managing director and co-founder of Dornoch, a company specializing in the acquisition and repositioning of underutilized properties.

Formerly the site of a ceramic manufacturer, the property includes four vacant inter-connected buildings which are now in disrepair. Dornoch will seek municipal approval to permit construction of 56,000 sf of professional/medical office space, with a total project value estimated at $11.2 million.

"The property became obsolete," Macios said.

"By changing its use, we will allow it to once again serve as a valuable asset for the city and an integral part of the neighborhood's revitalization."

The parcel fronts both Joyce Kilmer Avenue and Reed Street and is currently zoned for light industrial use. "As professional office and medical space, this property will be in high demand due to its close proximity to downtown New Brunswick and area hospitals, including St. Peter's Medical Center and the Robert Wood Johnson University Hospital," added Glen Fishman, also a managing director and co-founder of Dornoch.

The proposed redevelopment for medical condominiums will have the main entrance located on Joyce Kilmer Avenue, with parking access provided off Reed Street.

Dornoch's acquisition of this site continues the significant trend of redevelopment that is occurring in New Brunswick.

Dornoch Holdings acquires properties through non-traditional sources, including bankruptcies, private/public partnerships in conjunction with municipalities and special situation workouts, as well as more traditional methods.