BEDMINSTER, NJ-Premier Healthcare Exchange Inc. expanded and extended its lease at Crossroads Business Center here. The health plan cost management solutions firm now occupies 19,000 square feet at 2 Crossroads Dr., which serves as its corporate headquarters.
Cushman & Wakefield’s Bill Brown, Josh Cohen and Heather Polhamus--all based in the firm’s Morristown office--are the exclusive leasing agents for Crossroads Business Center on behalf of owner Spear Street Capital. Larry Martin from Grubb & Ellis represented PHX in the multi-year extension, as well as in the original transaction.
“PHX has grown substantially since it moved to Crossroads Business Center in 2007,” Brown tells GlobeSt.com. “We are pleased that the company chose to grow in place here--it is a testament to the image and quality of this property.”
Totaling 135,000 square feet in two buildings, CBC is located at the junction of Routes 202/206, and interstates 78 and 287. The property is within walking distance of Bedminster’s Pluckemin village, which offers a range of shops and restaurants.
In addition to PHX, Crossroads Business Center houses offices for Merrill Lynch, Peapack Gladstone Bank, Altria, Archimedes Pharma US, Allergan and Hartford Steam Boiler, among others. Since purchasing the property in 2007, Spear Street Capital has implemented capital improvements, including lobby updates and a full landscape renovation. There is currently a 3,318-square-foot unit available for lease.
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