Health Care & Education

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

Finance & Capital Markets
Bedminster medical office owner refis for $8.1 million, JLL says

The owner of a nearly 40,000-square-foot medical office building in Bedminster has refinanced the property for $8.1 million, under a newly announced transaction by JLL.

Photos
TD Bank gifts $10,000 to nonprofit supporting children with rare illnesses

A new $10,000 donation from TD Bank is helping to advance the mission of a Franklin Lakes-based charity that helps bring essential medical services to children with rare illnesses.

Office
JLL: Dermatology group takes 7,000 sq. ft. at Ramsey office building

A dermatology practice has signed a new long-term lease at a nearly 140,000-square-foot office building in Ramsey, brokers with JLL announced Thursday.

Office
Eisai unveils 300,000 sq. ft. U.S. headquarters at Prism’s ON3 campus

A pharmaceutical company has opened its new U.S. headquarters in Nutley, where it occupies some 300,000 square feet as part of Prism Capital Partners’ acclaimed ON3 campus.

Health Care & Education
Marcus inks sale of net-leased early childhood education center in Clinton Twp.

An investor has purchased the site of a net-leased early childhood education center in Hunterdon County, in a newly announced transaction by Marcus & Millichap.

Retail
Five Guys location under new ownership, renegotiates lease at Route 22 shopping center

A Five Guys location at Watchung’s Blue Star Shopping Center is under new ownership and has renegotiated its lease, according to Levin Management Corp., the leasing and managing agent for the 420,000-square-foot property on Route 22.

Editor’s Note
Profeta highlights parents’ legacy of education, as NJIT unveils new real estate center

The New Jersey Institute of Technology unveiled the new Paul Profeta Real Estate Technology, Design and Innovation Center, made possible by the largest-ever gift to the Newark-based university.

Events
ULI to honor top New Jersey projects, industry players at 2022 awards gala

The Urban Land Institute of Northern New Jersey is set to honor more than a dozen commercial real estate projects, deals and industry leaders as part of its upcoming annual awards gala.

Professional Services
Michael Graves Architecture acquires Maryland-based design firm

Princeton-based Michael Graves Architecture & Design has expanded its service lines and its geographic footprint with the acquisition of a Maryland-based practice.

Residential & Mixed Use
Developers land $42 million for affordable housing near Newark’s University Hospital

A development team has closed on $42 million in financing for a project that will bring 78 affordably priced apartments to an area just north of Newark’s University Hospital.