Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CRANFORD, NJ-Trinitas Hospital has subleased 28,544 sf at 750 Walnut Ave. here and will utilize the space for offices. Built in 1967, 750 Walnut Ave. is a one-story, 442,000-sf flex building on 30 acres owned by Hartz Mountain Industries of Secaucus, NJ.

Terms of the sublease were not disclosed; available direct space in the building is listed on the website of CB Richard Ellis with an asking rent of $19.50 per sf. The sublessor, Bank of America, was represented by Matt McDonough and Tom Grenier, both senior vice presidents in Trammell Crow Co.’s Florham Park, NJ office. Trinitas Hospital was represented by Ian Grusd of ReMax Commercial.

The Elizabeth, NJ-based Trinitas Hospital was created in early 2000 by the consolidation of St. Elizabeth’s Hospital and Elizabeth General Medical Center. Besides its main campus in Elizabeth, the institution has multiple existing locations here, as well as facilities in nearby Linden and in Newark.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.