Underscoring both its full investment in the facility, as well as its full commitment to the community Atlantic Health System said it bought the building and property housing the Morristown Medical Center Health Pavilion in Rockaway.
The $25.9 million sale of the 92,326 square-foot building located at 333 Mount Hope Avenue next to the Rockaway Townsquare 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.
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.
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.