Newmark Grubb Knight Frank (NGKF) is pleased to announce it completed a 64,000-square-foot, long-term lease extension and expansion for ZelisTM Healthcare at 2 Crossroads Drive in Bedminster, New Jersey. NGKF Managing Director Larry Martin represented the tenant in the transaction. Zelis is slated to take over the additional space by mid-summer of 2017.
Zelis moved into the two-story building ten years ago, initially occupying 14,000 square feet on a single floor. The new lease provides Zelis full use of the property as it continues its growth initiatives in the healthcare information technology space. The property serves as the official headquarters of Zelis, which has additional campuses in Atlanta and Clearwater.
“When the opportunity was presented to occupy the remaining space at 2 Crossroads Drive, Zelis took advantage of it to create a single tenant corporate headquarters location,” said Martin.
“It was a pleasure working with Newmark Grubb Knight Frank. Expansion into our headquarters property ensures little disruption to our associates and our valued clients,” said Doug Klinger, CEO of Zelis Healthcare.
About ZelisTM Healthcare
Zelis is a healthcare information technology company and market-leading provider of end-to-end healthcare cost management and payments solutions. Zelis focuses on network solutions, claims integrity and electronic payments for healthcare payers, providers and consumers in the medical, dental and workers’ compensation markets nationwide. Zelis Healthcare is backed by Parthenon Capital Partners.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.