Health Care & Education

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

KABR, Kushner detail three leases for 9,400 sq. ft. at Journal Square office tower

The KABR Group and Kushner have signed three new leases at a newly renovated, 111,000-square-foot office tower in Jersey City’s iconic Journal Square neighborhood.

RWJBarnabas Health names first-ever EVP of facilities management, real estate development

RWJBarnabas Health has created a new position focused on its physical footprint and construction activities, tapping a veteran health care real estate executive to fill the role.

NAI Hanson: Investor buys 26,000 sq. ft. medical office building in Bergen County

NAI James E. Hanson has negotiated the sale of a 25,944-square-foot medical office building in Fair Lawn, the real estate services firm announced Thursday.

Kennedy Funding lends $4.85 million for planned Alzheimer’s patient home in Jacksonville

A joint venture has obtained a $4.85 million loan in connection with a planned Alzheimer’s disease care facility in Jacksonville, Florida, in a newly completed deal by Kennedy Funding.

Devco celebrates Title IX anniversary, women’s sports at Rutgers in latest NIL deal

New Brunswick Development Corp. has unveiled its latest partnership with collegiate athletes at Rutgers University, as it marks the 50th anniversary of the historic Title IX gender equality law and the arrival of women’s sports at the school’s flagship campus.

NAI Hanson: U.K.-based dental lab inks lease in Lodi for first U.S. location

A dental laboratory has secured its first U.S. location with a newly signed lease at a Bergen County industrial building, according to brokers with NAI James E. Hanson.

Buyer wanted for 49,000 sq. ft. office, medical building in Monmouth County

The owner of a nearly 50,000-square-foot office and medical building in Monmouth County is seeking a buyer for the property.

Bolstering the ranks

As you’ll read in this month’s cover story, Prologis’ growing team is supporting a portfolio that now spans 44 million square feet across 200 properties in New Jersey and New York. Growing that footprint will come in a number of ways, Harty said, including the types of creative, value-add projects that involve redeveloping former office campuses. That, in turn, requires additional development and construction personnel like the kind that Prologis has added in recent months. And it comes as the company also hires for what’s known as its Essentials platform, which provides services to tenants such as helping them source materials for their building fit-outs, in a bid to engage them “beyond the four walls and the real estate.”

Fully occupied, 19,000 sq. ft. Parsippany office building trades for $4.4 million

Colliers has facilitated the sale of a 19,298-square-foot boutique office building in Parsippany for $4.4 million to a private New Jersey-based investor.

In-home care provider leases 2,400 sq. ft. in Summit, NAI Hanson says

A growing provider of in-home care has taken more than 2,400 square feet of office space in downtown Summit, brokers with NAI James E. Hanson said Wednesday.