Health Care & Education

The health care and education sectors are undergoing dramatic changes. So are their real estate needs.

Office
NAI Hanson: Compounding pharmacy takes 1,800 sq. ft. at Woodbridge office building

A compounding pharmacy has leased more than 1,800 square feet at a Woodbridge office building, according to a brokerage team with NAI James E. Hanson.

Health Care
Prism’s ON3 campus welcomes 90,000 sq. ft. Hackensack Meridian Health facility

The new 90,000-square-foot Hackensack Meridian Health & Wellness Center has opened its doors at ON3, Prism Capital Partners’ signature mixed-use campus in Nutley and Clifton.

Top News
Onyx named first official supporter for FIFA World Cup New York New Jersey Host Committee

Onyx Equities is set to play a major role in next year’s FIFA World Cup, announcing Wednesday that it has become the first official supporter for the New York New Jersey Host Committee.

Office
Silverman Group sells Morris Township medical office building for $13 million, C&W says

The Silverman Group has sold a more than 58,000-square-foot medical office building outside Morristown for $13.2 million, in a newly announced deal by Cushman & Wakefield.

Professional Services
PS&S acquires engineering team specializing in life sciences, chemical process industries

Professional services firm PS&S has acquired an engineering group in Allentown, Pennsylvania, bolstering its life sciences platform while expanding its reach in the region.

Office
Newmark: Hackensack Meridian leases 50,000 sq. ft. at Red Bank’s new-look River Centre

Hackensack Meridian Health has taken 50,000 square feet at a revitalized office campus in Red Bank, topping a list of newly announced deals by the property’s leasing team.

Top News
Prism lands approvals for long-awaited housing phase at ON3, among other major projects

Prism Capital Partners has secured three key approvals for its flagship ON3 campus in Clifton and Nutley, paving the way for new phases including a long-awaited residential component with nearly 1,100 multifamily units, along with a major research and development facility.

Technology
SJP breaks ground on 370,000 sq. ft. research, office building for Nokia Bell Labs at New Brunswick’s HELIX campus

SJP Properties has started construction on the 10-story, 370,000-square-foot research and office tower in downtown New Brunswick that will house Nokia Bell Labs and mark the second phase of the master-planned Health + Life Science Exchange district.

Education
Students tour new Russo, Hero Development projects to cap off ULI’s UrbanPlan program in East Brunswick, East Orange schools

The developers of new apartment buildings in New Brunswick, East Brunswick and East Orange welcomed students to the properties recently as part of an Urban Land Institute program that exposes high schoolers to commercial real estate planning and construction.

Editor’s Note
System updates

As you’ll read in this month’s cover story, New Brunswick is marking its latest and perhaps most monumental investment in health care with the opening of the 12-story, 520,000-square-foot Jack & Sheryl Morris Cancer Center. Executives with RWJBarnabas Health, the Rutgers Cancer Institute and other key stakeholders unveiled the facility in mid-May, hailing the arrival of New Jersey’s first freestanding cancer hospital and one of only 13 in the country, part of a $1 billion project that has brought top-tier patient care and cutting-edge research labs under one roof.