Health Care & Education

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

Health Care
Sanzari: Hackensack Meridian Health adds 8,100 sq. ft. at Hackensack medical arts building

Alfred Sanzari Enterprises has leased more than 8,100 square feet in Hackensack to a division of Hackensack Meridian Health, bringing a well-known medical office building to full occupancy.

Finance & Capital Markets
Cronheim sources $5.9 million refi for 90,000 sq. ft. New Providence flex building

The owner of nearly 90,000 square feet of industrial flex space in New Providence has refinanced the property for $5.85 million, in a deal arranged by Cronheim Mortgage.

Health Care
Petrucci: Construction underway on newest Aurobindo Pharma facility in East Windsor

J.G. Petrucci Co. Inc. has broken ground in East Windsor on a new facility for Aurobindo Pharma USA Inc., in what will be the latest piece of the drugmaker’s campus in the township.

Sponsored Content
Real Estate NJ’s 2025 Market Forecast

Commercial real estate leaders have entered 2025 with varying levels of optimism. That’s evident from this year’s Real Estate NJ Market Forecast, where you’ll find everything from caution to confidence about how the sector will perform as it balances strong fundamentals in several key asset classes with new regulatory headwinds, nagging inflation and what seems to be a lingering lack of clarity over when lower interest rates will truly impact the industry.

You can read all about it in our 2025 Market Forecast, which features predictions and insights from some of the state’s leading voices in commercial real estate.

Education
Kislak: Site of 8,000 sq. ft. ex- Goddard School building in Jackson trades for $2.8 million

The former site of a preschool and daycare center in Jackson Township has changed hands for $2.8 million, in a newly announced deal by The Kislak Co. Inc.

Health Care
Marcus: 24,000 sq. ft. medical, retail complex in Deptford trades for $5.4 million

Strategic Funding Alternatives LLC has sold a nearly 24,000-square-foot medical and retail property in Deptford Township for $5.375 million, in a deal arranged by Marcus & Millichap.

Professional Services
DIGroup leader Myers wins ‘Diversity in Business’ honor from Philly business journal

The Philadelphia Business Journal has recognized Vince Myers, president and cofounding principal of DIGroup Architecture, as a 2025 Diversity in Business honoree.

Government & Public Policy
EDA approves $17.7 million Aspire award for Camden affordable housing, health center project

A development group has secured a nearly $18 million state tax credit award for a plan to build 30 units of affordable housing and a new health center in Camden’s Parkside neighborhood.

Education
Rutgers Center for Real Estate gathers students, industry leaders for annual scholarship dinner

Dozens of aspiring commercial real estate professionals came together earlier this month as the Rutgers Center for Real Estate hosted its fifth annual scholarship celebration, joining a group of seasoned industry leaders and others who are supporting their education.

Retail
Bell Works to welcome indoor pickleball venue alongside growing retail, service roster

An indoor pickleball venue is coming to the sprawling Bell Works campus in Holmdel, joining several other new additions to the property’s fast-growing tenant mix.