September 16, 2019
Atlantic Health System recently purchased the building and property housing the Morristown Medical Center Health Pavilion in Rockaway, NJ. The $25.9-million sale of the 92,326-square-foot building at 333 Mount Hope Ave., next to the Rockaway Town Square Mall, was closed by JLL.
Atlantic Health System had been the sole tenant of the building, which is situated on 8.28 acres. When the joint owners opted to sell the building, Atlantic Health System bested offers from 19 other potential buyers.
The JLL Capital Markets team representing the seller was led by senior managing director Jose Cruz and director Ben Appel.
Opened in 2016, the Pavilion offers several of Morristown Medical Center’s nationally-recognized services in a location more convenient for patients who live farther west. The location is also convenient for people commuting through the town, as it offers early/late hours and an easily accessible location from major highways.
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