By Joshua Burd
The state’s largest hospital system is set to expand at a Monmouth County office building, following a nearly 115,000-square-foot lease arranged by Newmark Knight Frank.
The real estate services firm said it represented RWJBarnabas Health in the lease at 2 Crescent Place in Oceanport. The deal will grow the health care network’s presence at a facility near the intersection of routes 35 and 36, with easy access to nearby highways and amenities such as a courtyard, on-site management, food service and abundant parking.
“We are delighted to partner with RWJ Barnabas for a long-term commitment on both our behalves,” said Carl Gross, the owner of 2 Crescent Place. “This ideally located building offers an outstanding work environment for the objectives of the tenant.”
David Simson, a NKF vice chairman and chief operating officer of the firm’s New Jersey office, represented the tenant, while John Krok of Byron Real Estate Co. Inc. represented ownership
“It’s always rewarding to enact these mutually beneficial partnerships, especially when assisting clients looking to start new initiatives or further develop their businesses,” Simson said. “This is the ideal space and location for RJWBarnabas to perpetuate their business operations, and it been a great experience collaborating to execute this deal.”
News of deal follows an agreement for RWJBarnabas Health to acquire a piece of the landmark Fort Monmouth property in nearby Tinton Falls, where it will develop a large health campus in place of what is currently a defunct Cold War-era research complex. The property is now slated for demolition, paving the way for the new development that would include an ambulatory care center, a sprawling medical arts and specialty facility and a center for the Cancer Institute of New Jersey.