Health Care & Education

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

Health Care & Education
Steel frame complete for new 229,000 sq. ft. RWJ medical pavilion in New Brunswick

A new ambulatory medical pavilion in New Brunswick is on track to open by mid-2023 after stakeholders this week marked the completion of the building’s 15-story steel frame.

Office
Kimmerle details newly expanded, 17,000 sq. ft. office for Newark-based staffing firm

A health care staffing firm has completed a major expansion in Newark as part of a project spearheaded by Kimmerle Group, the Harding Township-based design and planning practice.

Top News
Stockton honors Hanson for role in Atlantic City, marks milestone for new residence hall

The team behind a new Stockton University residence hall in Atlantic City gathered last week to highlight the project, slated to open in fall 2023, while honoring the revered developer Jon F. Hanson for his role in guiding new investment to the resort town.

Deals
Therapist acquires 2,400 sq. ft. property in Monmouth County, Sheldon Gross says

114 Route 34 in Matawan — Courtesy: Sheldon Gross Realty By Joshua Burd A mental health therapist has purchased a 2,400-square-foot property in Matawan for $360,000, according to a brokerage team with Sheldon Gross Realty. In a news release, the…

Health Care & Education
Medical office buildings in South Jersey, Pennsylvania trade in $22 million sale-leaseback

A real estate investment trust has acquired a medical office portfolio in southern New Jersey and Pennsylvania’s Montgomery County, in a newly announced deal by Avison Young.

Health Care & Education
Podiatrist takes 1,600 sq. ft. at Lodi medical office building, NAI Hanson says

A podiatry practice has leased 1,608 square feet of medical office space in Lodi, brokers with NAI James E. Hanson announced Monday.

Office
Prism sells flagship ON3 office tower for $132 million, in deal with Cantor affiliate

Prism Capital Partners has sold the flagship office building at its ON3 campus, fetching more than $130 million for the fully leased, 300,000-square-foot tower in Nutley.

Office
Local buyer adds 12,000 sq. ft. Hammonton medical office complex, Vantage Commercial says

A local investor in Atlantic County has added to his portfolio with the purchase of five buildings with nearly 12,000 square feet of medical office space, according to the broker in the deal.

Office
NAI Hanson: Speech, occupational therapy practice leases 4,000 sq. ft. in Wayne

A speech and occupational therapy group has taken 4,000 square feet of office space in Wayne, in a newly announced deal by NAI James E. Hanson.

Finance & Capital Markets
Progress Capital inks $55 million loan for Newark architecture, design school project

A development team has landed nearly $55 million in financing to build out a new design-focused high school at the site of a long-shuttered hospital in Newark.