ROCKAWAY, NJ – SEPTEMBER 2019 – Atlantic Health System, a leading health care provider in New Jersey, recently purchased the building and property housing the Morristown Medical Center Health Pavilion in Rockaway, underscoring both its full investment in the facility, as well as its full commitment to the community.
The Pavilion, opened in 2016, offers several of Morristown Medical Center’s nationally-recognized services in a location more convenient for people from Mount Arlington, Denville, Dover, Boonton, Morris Plains, Wharton, Roxbury and Randolph. 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.
The $25.9 million sale of the 92,326-square-foot building located at 333 Mount Hope Avenue next to the Rockaway Town Square Mall was closed by JLL. The JLL Capital Markets team representing the seller was led by Senior Managing Director Jose Cruz and Director Ben Appel.
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, seeing great value in owning the building outright to expand its services and meet the health needs of the community.
The numerous services included in the Pavilion provide care to more than 11,000 patients per month. Atlantic Health System plans to add an ambulatory surgery center and more exam rooms for expanded services in the coming months.
“With an already strong demand from the community at the Pavilion at Rockaway, we decided to fully invest in the location, allowing us free rein to enhance the services there to better meet the needs of our patients,” said Paul Marmora, Vice President, Ambulatory Care for Atlantic Health System.
“Since it opened in 2016, the Health Pavilion has seen incredible growth, which speaks to the demand for Morristown Medical Center’s nationally recognized programs and services in the Rockaway area,” said Trish O’Keefe, PhD, RN, president of Morristown Medical Center. “We continue to work with the community to deeply understand its unique health needs, and, with full ownership of the building, we can expand and enhance our services to best meet those needs.”
About Atlantic Health System
Atlantic Health System - Powered by a workforce of 17,000 team members and 4,800 affiliated physicians dedicated to building healthier communities, Atlantic Health System is at the forefront of medicine, serving more than half of the state of New Jersey including 11 counties and 4.9 million people. The system offers more than 400 sites of care, including seven award winning hospitals: Morristown Medical Center, Overlook Medical Center, Newton Medical Center, Chilton Medical Center, Hackettstown Medical Center, Goryeb Children’s Hospital, and Atlantic Rehabilitation Institute.
Offering a full continuum of care, the system includes Atlantic Medical Group, one of the largest multi-specialty practices in New Jersey with more than 1,000 physicians and providers, 12 urgent care centers, Atlantic Rehabilitation and Atlantic Home Care and Hospice. Facilitating the connection between these services on both land and air is the transportation fleet of Atlantic Mobile Health.
Recognized as one of the Best Places to Work by both Modern Healthcare and Fortune Magazine, Atlantic Health System attracts leaders in the field of health care, from CEO Brian Gragnolati, who is currently Chairman of the American Hospital Association, to the numerous team members who serve as leaders across a wide breadth of clinical associations and research entities. Atlantic Health System's Morristown Medical Center is named the number one hospital in New Jersey by U.S. News & World Report, Newsweek, and Castle Connelly. For more on all of Atlantic Health System’s award-winning hospitals and services visit atlantichealth.org.