The Dismantling of Muhlenberg Regional Medical Center, Plainfield, NJ, 07060

What is Midtown Shops?


Property located in Kenilworth, New Jersey and falls under two listings:

Boulevard Shops Inc.
480-496 Boulevard, Block 80, Lot 1, Kenilworth Boro, in Union County, NJ

Midtown Shops Inc.
500-506 Boulevard, Block 81, Lot 1, Kenilworth Boro, in Union County, NJ

2006

Boulevard Shops, Inc.
480-496 Boulevard, Block 80, Lot 1, Kenilworth Boro, in Union County, NJ

Tax Record address: P.O. Box 671, Moorestown, NJ 08057

Midtown Shops Inc.
500-506 Boulevard, Block 81, Lot 1, Kenilworth Boro, in Union County, NJ

Tax Record address: P.O. Box 671, Moorestown, NJ 08057

Source: Tax Records - Kenilworth, NJ Tax Office

2007

"During 2007, the Foundation [Muhlenberg Foundation] transferred to MRMC the Snyder Foundation pledge which included the Midtown Shops property in the amount of $4,712,976."

Source: Muhlenberg Regional Medical Center, Inc. Consolidated Financial Statements for the years ended December 31, 2007 and 2006 and Independent Auditor's Report, page 30.

"During 2007, the Foundation transferred to MRMC the Snyder Foundation pledge which included the Midtown Shops Property. Once MRMC closed on the property, Midtown Shops became a wholly-owned MRMC subsidary."

Source: Muhlenberg Regional Medical Center, Inc. Consolidated Financial Statements for the years ended December 31, 2007 and 2006 and Independent Auditor's Report, page 8.

Question: "Once MRMC closed on the property...", where is the recorded deed?

Sometime in 2007, the tax record address changed to 98 James Street, which is the address of record on IRS Form 990 for Solaris Health Systems, Inc.

On the 2007 IRS Form 990 for Solaris Health Systems, Midtown Shops is listed as a non-exempt related organization, page 33.

Boulevard Shops, Inc.
480-496 Boulevard, Block 80, Lot 1, Kenilworth Boro, in Union County, NJ

Tax Record address: 98 James Street, 4th floor, Edison, NJ

Midtown Shops Inc.
500-506 Boulevard, Block 81, Lot 1, Kenilworth Boro, in Union County, NJ

Tax Record address: 98 James Street, 4th floor, Edison, NJ

Source: Tax Records - Kenilworth, NJ Tax Office


2008

2/11/08 File date on deed for the three way subdivision of the Muhlenberg property located at
Park and Randolph Road. Source: Union County , NJ Land Records

2/13/08 Change of Agent and Officers Midtown Shops, Inc.
Address: Solaris Health Systems
80 James Street
Edison, NJ 08820


9/04/08 Notice of Settlement

between Kenilworth Equities, LLC., Mortgagor, and Investors Savings Bank , Mortgagee,
and the lands to be effected are commonly known as:

480-496 Boulevard, Block 80, Lot 1, Kenilworth Boro, in Union County, NJ
500-506 Boulevard, Block 81, Lot 1, Kenilworth Boro, in Union County, NJ


Source: Union County Clerk Office Notice of Settlement filing # 270939


11/04/08 Notice of Settlement

between Midtown Shops, Inc. and Boulevard Shops, Inc., Seller, and Kenilworth Equities, LLC., Buyer,
and the lands to be effected are commonly known as:

480-496 Boulevard, Block 80, Lot 1, Kenilworth Boro, in Union County, NJ
500-506 Boulevard, Block 81, Lot 1, Kenilworth Boro, in Union County, NJ

Source: Union County Clerk Office Notice of Settlement filing # 272721

11/04/08 Notice of Settlement

between Kenilworth Equities,LLC., Mortgagor, and Investors Savings Bank , Mortgagee,
and the lands to be effected are commonly known as:

480-496 Boulevard, Block 80, Lot 1, Kenilworth Boro, in Union County, NJ
500-506 Boulevard, Block 81, Lot 1, Kenilworth Boro, in Union County, NJ


Source: Union County Clerk Office Notice of Settlement filing # 272722