February 11, 2010 - Malo Consulting NJ, LLC, the North American arm of Lisbon, Portugal-based medical group Malo Health Group, will be opening an imaging center and cafe to support the health practice it opened at the end of 2009 at 201 Route 17 North in Rutherford.

The group recently expanded by 10,371 sf in the 301 building of the two-building complex, which includes the existing food service/cafe space that Malo has been running for the past five months and additional space to support it, i.e., offices, locker rooms, freezers, etc.

"Malo, a state-of-the-art medical facility providing innovative outpatient surgical procedures of all kinds, feels it's important to offer its patients a quality restaurant on the premises," shared Studley's Chip Conklin, who added that Malo hired a chef from New York City who has already drastically tranformed the cafe's menu and food quality so it is commensurate with the rest of the "Malo experience".

The transaction also includes a restructured lease on 5,900 sf on the first floor of the 201 building, which was originally slated for food service, but was needed for an imaging center and, therefore, required revised lease terms.

In early 2008, Malo signed a 52,238 sf lease for the top two floors (11 and 12) of the 201 building and later that year signed a 21,338 sf lease for the 10th floor.

Malo is currently building out the imaging center with both tenant improvement dollars provided by the landlord, Onyx Equities, and its own capital.

The lease also includes rights to expand into the entire 300,000 sf office complex at 201 and 301 Route 17 North.

In addition to Conklin, Studley's Joseph Messina represented Malo in the transaction. Tim Greiner of Newmark Knight Frank represented Onyx in the transaction.