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Tri-State

Atlantic Health System drops $25.9M for Morristown health pavilion

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Atlantic Health System shelled out $25.9 million for the Morristown Medical Center Health Pavilion in Rockaway, New Jersey, ROI-NJ reported. The company, which is currently the 92,326-square-foot building’s only tenant, plans to build an ambulatory surgery center and add more exam rooms to the site, according to the outlet. “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,” Paul Marmora, the vice president of ambulatory care for Atlantic Health, said in a statement. A JLL Capital Markets team closed the sale. [ROI-NJ]