Health Care & Education

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

Technology
Owners of NEST campus in Kenilworth launch major update of common spaces, amenities

The team behind the high-profile Northeast Science and Technology Center in Kenilworth have kicked off a multimillion-dollar renovation of the site’s anchor building, with plans to create 75,000 square feet of new amenities and common spaces for current and future tenants.

Education
Marcus: Investor buys net-leased Montessori school site in Bergen County for $7.4 million

The site of a new 10,000-square-foot early education center in Bergen County has traded for $7.35 million, according to a listing team with Marcus & Millichap.

Government & Public Policy
EDA backs Liberty Science Center refresh, expansion with $40 million tax credit award

State officials have pledged their support to a planned expansion of the Liberty Science Center in Jersey City — including more than 100,000 square feet of new outdoor exhibition space — under a $40 million project that would also refresh the museum’s indoor offerings.

Professional Services
Veteran medical office, health care brokers Lizzack and Horning join The Clinical Group

The Clinical Group, the growing medical real estate and health care advisory firm, has bolstered its team in a significant way with the addition of two prominent brokers in the space.

Government & Public Policy
EDA approves $359 million Aspire award for new residential, commercial tower at New Brunswick’s HELIX campus

A new project that would bring 265 apartments, office and laboratory space and housing for medical students to the emerging HELIX campus in New Brunswick is moving ahead with a newly approved, $359 million tax credit award under the state’s Aspire program.

Health Care
Pediatric dental group takes 2,400 sq. ft. in North Bergen medical office deal, NAI Hanson says

A pediatric dental practice is expanding in New Jersey after securing more than 2,400 square feet in North Bergen, in a newly announced deal by NAI James E. Hanson.

Office
Surgery center buys 107,000 sq. ft. Somerset office building, Vantage Commercial says

A health care user has acquired a nearly 107,000-square-foot office building in the Somerset section of Franklin, in a newly announced deal by Vantage Commercial.

Office
Newmark Associates inks sale of 10,000 sq. ft. professional, medical office building in Boonton

A private investor has purchased a 10,000-square-foot professional and medical office building in Boonton, according to a brokerage team with Newmark Associates CRE.

Professional Services
KSS names five new principals after promotions in Princeton, Philly offices

KSS Architects has announced five new principals, touting them as the next generation of its leadership teams across its New Jersey and Pennsylvania offices.

Retail
From boardrooms to bedrooms (and big boxes): Inside New Jersey’s office conversion boom

The District at 15fifteen in Parsippany is transforming the former Intel corporate campus on Route 10 into a 498-unit apartment complex with retail amenities. — File photo/Courtesy: Stanbery Development Group By Jeffrey L. Heller, SIOR Principal and Executive Director Avison…