140 Park Avenue

Florham Park, NJ

Acquired December 2015

At a Glance

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The building was constructed specifically for their multispecialty medical use and contains an urgent care center, imaging center, patient labs and ambulatory surgery center.

Investment Rationale

  • Leased to Summit Medical Group.

  • Summit Medical Group is the largest multispecialty practice group in New Jersey with more than 2,000 employees, including over 500 medical professionals.

  • Located in The Green at Florham Park, a 268-acre master planned mixed-use office park.

  • Other tenants at The Green include BASF’s North American headquarters and the New York Jets training and headquarters facility.

  • With convenient access to I-24 in Morris County, NJ, the building’s location is also in close proximity to multiple local area regional hospitals.

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