The Hampshire Cos. together with Circle Squared Alternative Investments (Circle Squared) and executives from Hackensack Meridian Health on Thursday celebrated the opening of the Mountainside Medical Center Medical Office Building on the border of Glen Ridge and Montclair.
The three-story, 45,735-square-foot state-of-the-art facility sits on the former School of Nursing site across from Hackensack Meridian Health Mountainside Medical Center.
Jon F. Hanson, James E. Hanson II, and John Durso from The Hampshire Cos., and Jeff Sica of Circle Squared Alternative Investments were joined by local and hospital officials to celebrate the ribbon cutting, including John Fromhold, chief executive officer of Mountainside Medical Center; Robert Garrett, CEO of Hackensack Meridian Health; David Vandewater, CEO of Ardent Health Services; Frank Fekete, chairman of the Hackensack Meridian Health Mountainside Medical Center joint venture board; Tim O’Brien, chief operating officer of Mountainside Medical Center; Glen Ridge Mayor Stuart Patrick; and Montclair Mayor Robert Jackson.
“As I stand next to this completed building, we are honored to have had the opportunity to partner with Hackensack Meridian Health’s executive leadership team, the towns of Glen Ridge and Montclair, and the numerous project partners involved in bringing this visionary project to fruition,” said James E. Hanson II, president and CEO of The Hampshire Cos. “Through creating a home for a wide array of in-demand primary and specialty healthcare services, this project stands as a testament to the powerful impact that responsible, strategic commercial real estate investments can make in our local communities.”
The project enhances the scope and quality of comprehensive health care services and brings additional economic and quality-of-life benefits to the communities Mountainside Medical Center serves.
“Circle Squared, and our investors, are incredibly proud and humbled to have had the opportunity to work with our partners on an important project such as this,” said Circle Squared Alternative Investments President and CEO Sica. “There’s incredible potential when combining the power of private, commercial real estate investment dollars with the forward-looking advancements and overall expansion needs of today’s medical institutions. We’re looking forward to future opportunities where we can continue to provide medical professionals with the state-of-the-art facilities they demand to help better meet the needs of their patients and the communities they serve.”
Mountainside Medical Center, a Hackensack Meridian Health facility, has been an integral part of the local Glen Ridge and Montclair communities for more than 125 years. The Medical Office Building project marks the next chapter in the hospital’s storied history. Designed to meet the needs of 21st-century health care providers, the Medical Office Building offers physicians and specialists with the high-quality, Class A office space to build their practices and provide care to the local community.
This project will also allow the hospital to continue to attract and retain high-quality doctors and specialists.
The project includes highly flexible and adaptable medical office units to provide physicians and specialists with spaces that can be conformed to their exact needs, both today and in the future.
Featuring a location adjacent to Mountainside Medical Center, the new medical office building is easily accessible from the Garden State Parkway and Route 280 as well as the Bay Street and Walnut Street New Jersey Transit stations. Additionally, 229 parking spots and entrances/exits on both Bay Avenue and Walnut Crescent ensure that patients can easily access the property.