Avison Young arranges new lease transactions for RWJBarnabas Health
January 31, 2023
New locations will service medical health professionals in Northern New Jersey
Morristown, NJ –Avison Young announced today two new lease transactions arranged for RWJBarnabas Health (RWJBH): 26,377-square foot (sf) at 630 Central Avenue in New Providence, New Jersey and a second lease for flex space at 315 Northfield Avenue in Livingston, NJ. The former will serve as a training location for the healthcare provider’s Northern New Jersey staff and the latter, representing Cooperman Barnabas Medical Center, will support the healthcare system’s expanding presence throughout the region.
The tenant, RWJBH, was represented by Roshan Shah, Principal and Steven Geltzeiler, Senior Vice President as well as Todd Ohlandt, Principal, based in the firm’s Atlanta office. The landlord at 630 Central Avenue, 2100 New Providence, LLC, was represented by Dan Reider of Newmark. “As the single largest healthcare provider in New Jersey and among the biggest health systems in the nation, we are incredibly fortunate to have these opportunities to partner with RWJBarnabas Health on evaluating and implementing the organization’s corporate real estate strategy across their vast portfolio,” said Shah.
The Avison Young team, in conjunction with the firm’s consulting practice, are also working on a comprehensive consulting assignment for RWJBH as the healthcare system explores creating greater efficiencies among their larger facilities throughout the region. “Healthcare remains a top priority for many of us as we return to a more normal way of life, and through these newly leased spaces, RWJBH has the capacity to train and deliver the experienced professionals Northern New Jersey communities rely on,” said Geltzeiler.
“We’re thankful to Avison Young for their deep real estate expertise, including specifically with healthcare organizations, and for delivering favorable real estate outcomes for RWJBarnabas Health,” said Steve Barry, Executive President of Facilities Management and Real Estate Development, RWJBH. Partnering with Roshan, Steve, and Todd at Avison Young has been immensely valuable.”
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2022 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.