MOORESTOWN, N.J. (March 16, 2016) – Keystone Property Group, a leading real estate developer, manager, and investor of mixed-use properties, today announced a 74,565-square-foot lease with Tabula Rasa HealthCare, Inc. The healthcare technology company, recognized as a leader in providing patient-specific, data-driven technology and solutions for health care organizations, will join Keystone’s Moorestown Corporate Center in Moorestown, New Jersey.
A well-located, three-building office property, Moorestown Corporate Center is comprised of 223,000 square feet of prime office space in western Burlington County. After acquiring the property in 2012, Keystone completed a wide range of capital improvements to the building’s interior and exterior, including new landscaping and upgrades to the lobby and common areas.
“With the property’s park-like setting and three-story atrium lobbies, Moorestown Corporate Center is an ideal headquarters location for dynamic, forward-thinking firms,” said Bill Glazer, president of Keystone Property Group. “Because of the aesthetic and functional qualities of Moorestown Corporate Center, our tenant mix includes prominent national firms like Allstate Insurance and Destination Maternity, and we’re pleased that Tabula Rasa HealthCare chose to bring its new corporate headquarters here.”
Situated on Route 38 near the New Jersey Turnpike and Interstate 295, the property is near various shopping destinations, including the Moorestown Mall and East Gate Shopping Center, as well as numerous restaurants and first-class hotels.
“Conveniently located near the New Jersey Turnpike, I-295 and other major roadways, we found this prominent office complex to be an extremely attractive option,” said Dr. Calvin H. Knowlton, chairman and CEO of Tabula Rasa HealthCare. “We were looking for a property that could inspire our employees and accommodate our evolving needs. The convenience and indoor and outdoor amenities of Moorestown Corporate Center makes the property a perfect fit for our company.”
Brian Saggiomo of CBRE represented Tabula Rasa HealthCare in the lease transaction, while Scott Paymer represented Keystone in-house.
About Keystone Property Group
Keystone Property Group is a leading real estate investor and developer, with offices located in Conshohocken, PA, Miami, FL, and New York, NY. Keystone also sponsors and manages a series of opportunistic real estate investment funds. Keystone creates value for its investors through development, redevelopment, financing, leasing, property management, and asset management. The company has been recognized by Inc. 500 magazine, the Entrepreneurs’ Forum and the Wharton Small Business Center, and several of its projects have earned “Best Real Estate Awards” from the Philadelphia Business Journal and BOMA (Chicago). For more information, please visit www.keystonepropertygroup.com.