Health Care & Education

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

Professional Services
Vantage Commercial promotes Richardson, Stein as brokerage firm continues growth

Vantage Commercial has promoted two of the top performers on its Cherry Hill-based team of brokers and advisers.

Top News
Onyx, Machine Investment Group buy 2 million sq. ft. Merck campus in Kenilworth

Merck & Co. has sold its 108-acre campus in Kenilworth to a joint venture of Onyx Equities and Machine Investment Group, with plans to lease back the nearly 2 million-square-foot complex while it relocates in phases over the next several years.

Health Care & Education
Dermatologist taps Fennelly Associates to sell East Windsor medical office building

The owner of a fully occupied, 10,000-square-foot medical office building in East Windsor has hired Fennelly Associates to sell the property.

Health Care & Education
Bergman, pediatric therapy practice ink 13,000 sq. ft. lease in Fairfield, NAI Hanson says

Bergman Real Estate Group has leased nearly 13,000 square feet in Fairfield to a growing pediatric therapy practice in the region, according to a broker with NAI James E. Hanson.

Office
Autism service provider takes 4,800 sq. ft. in downtown Chatham, NAI Hanson says

An autism service provider has leased nearly 5,000 square feet of medical office space in Chatham, in a newly announced deal by NAI James E. Hanson.

Health Care & Education
Atkins, mental health practice complete lease at medical office building in Medford

Atkins Cos. has signed a lease to bring a counseling and therapy practice to a 46,000-square-foot medical office building in Burlington County.

Health Care & Education
EDA approves $271 million tax credit for massive health, life sciences campus in New Brunswick

The state has approved a $271 million tax credit for a plan to build more than 570,000 square feet of research and academic space in downtown New Brunswick, including a new home for the state’s flagship medical school and facilities for startups and entrepreneurs.

Top News
Red Bulls, Gensler detail plans for newly approved training campus in Morris Township

The New York Red Bulls have tapped Gensler as its lead architect for a long-awaited new training complex in Morris Township, where plans call for redeveloping a large piece of the former Honeywell International headquarters property.

Health Care & Education
CBRE: Vacancy in New Jersey lab, R&D space ticks down, with large users still in the market

The stock of available life sciences space in New Jersey continues to shrink, despite some headwinds, following strong activity in 2022 and what’s likely to be ongoing demand.

Events
Cushman’s Donnelly among honorees slated for NAIOP New Jersey’s 36th annual gala

Veteran office broker Robert Donnelly will receive NAIOP New Jersey’s lifetime achievement award later this year, one of several honorees unveiled Thursday by the commercial real estate association.