CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Keystone Development + Investment has signed a lease for 70,594 square feet with the multi-specialty practice at 17-17 Route 208 North in Fair Lawn, NJ. The agreement with Summit Health brings the Class-A office building to 100% leased.
Summit Health is a patient-centric network committed to the complexities of health care. It delivers an intuitive experience for every stage of life through specialty and urgent care. The lease enables Summit Health to consolidate numerous practices to more effectively and efficiently deliver comprehensive medical care.
“Securing this kind of location makes it possible for Summit Health to expand upon the services currently offered. This strategic real estate initiative highlights Summit Health’s goal of providing unparalleled care for our patients,” says Steven Westort, VP Real Estate Development for Summit Health.
17-17 Route 208 offers high visibility and easy access to the Garden State Parkway, Route 4, and Route 17. Keystone recently completed a multi-million dollar renovation, including a new roof, parking lot, and high-performance exterior coating. The building received the 2017 BOMA TOBY Award for Best Renovated Building.
Keystone acquired 17-17 Route 208 in 2014 as part of a $230.8 million portfolio it purchased from Mack-Cali Realty. The building, situated adjacent to Fair Lawn Promenade, features new elevators, on-site property management, and walkable amenities.
“The thoughtful improvements we’ve made have created prompt demand for 17-17 Route 208 and this lease validates it as a premier location for a healthcare provider like Summit Health,” says Keystone’s President and COO, Rich Gottlieb.
The lease will commence on July 1 with Summit Health opening their medical site in Q2 2023. Marc Rosenberg of Cushman & Wakefield represented the tenant and Sam Horowitz and Michael Tesser of Colliers represented the landlord.
ABOUT KEYSTONE DEVELOPMENT + INVESTMENT
Keystone is a vertically integrated commercial real estate development and investment company. It delivers value for investors and tenants by creating mixed-use developments that drive productivity and collaboration. Headquartered in Conshohocken, Pa., its portfolio of projects attracting world-class companies includes 10 million square feet of office and mixed-use properties and spans along the East Coast. Keystone has offices in Philadelphia, PA, Morristown, NJ, and Miami FL.
For more information, please visit www.keystone.us.