Health Care & Education

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

Health Care & Education
Lee & Associates: Bridgewater medical office, surgery center asset fetches $10.5 million

A local operator has acquired a medical office and surgery center property in Bridgewater for $10.5 million, brokers with Lee & Associates New Jersey announced Wednesday.

Events
ULI Northern New Jersey unveils honorees for April awards gala

The Urban Land Institute’s Northern New Jersey chapter has announced the winners of its 2024 Excellence Awards, highlighting a host of projects and professionals involved in land use and development in the state.

Health Care & Education
NAI Hanson: Three tenants combine for 9,400 sq. ft. at Kearny medical office building

A medical office building in Kearny has welcomed three new tenants after a set of leases totaling more than 9,400 square feet, brokers with NAI James E. Hanson announced Tuesday.

Health Care & Education
DIGroup joins New York Medical College to open redesigned 19,000 sq. ft. research space

New York Medical College has unveiled a newly renovated research space in Westchester County as part of a project designed by New Brunswick-based DIGroup Architecture.

Editor’s Note
Another chapter

As you’ll read in this month’s cover story, the city of New Brunswick ended 2023 on a high note when Nokia announced that it would become the new home of its iconic Bell Labs division. The company, which will move from its historic campus in the Murray Hill section of Union County, plans to occupy a built-to-suit, 360,000-square-foot research tower at the new HELIX campus by 2028. It’s slated to do so under a lease with SJP Properties, which will build the facility in partnership with New Brunswick Development Corp., the project’s master developer, in a signature deal for the city and for the three-building, multibillion-dollar redevelopment project.

Health Care & Education
Florham Realty: Medical device firm takes 2,400 sq. ft. for new facility in Mount Arlington

A medical equipment company has opened a new location in Mount Arlington after a recent lease for 2,400 square feet, brokers with Florham Realty Management LLC announced.

Health Care & Education
Sherman & Roylance: Buyers plans to renovate, revive West Orange assisted living facility

A private operator hopes to revitalize a shuttered assisted living facility in West Orange after acquiring the 53-bed property, according to a broker with Sherman & Roylance.

Cover Story
Legacy moment: Inside the landmark deal to bring Nokia Bell Labs to New Brunswick’s HELIX campus

The historic deal to bring Nokia Bell Labs to New Brunswick was nearly a year in the making, beginning in earnest with the company’s visit to a four-acre construction site downtown.

Office
Kremer Eye Center expands to 9,800 sq. ft. inside Cherry Hill office park

A vision care and surgery center has expanded at a Cherry Hill office park, where it now occupies nearly 10,000 square feet under a deal with Diversified Management Plus.

Health Care & Education
Prism touts construction progress as steel rises for new HMH medical facility at ON3

A new 80,000-square-foot ambulatory care center is rising in Clifton as part of what will be another addition to Prism Capital Partners’ mixed-use ON3 campus.