Health Care & Education

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

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.

Health Care & Education
Behavioral health agency picks Plainsboro for latest location, Vantage Commercial says

A behavioral health agency is expanding to Central Jersey, having leased more than 7,000 square feet at the well-known Princeton Forrestal Village campus.

Health Care & Education
Dermatologist takes 6,300 sq. ft. in Verona for second location, NAI Hanson says

A dermatologist is expanding its footprint in northern New Jersey with the completion of a nearly 6,300-square-foot lease in Verona, in a deal arranged by NAI James E. Hanson.

Top News
J.G. Petrucci completes expansion, community space for historic Paterson church

J.G. Petrucci Co. Inc. has completed a new 17,000-square-foot building in Paterson that will allow for the expansion of a church in the city’s Old Great Falls Historic District.

Health Care & Education
Urban Edge, HMH bringing 80,000 sq. ft. medical office building to Bergen Town Center

Urban Edge Properties is bringing a new 80,000-square-foot medical office building to its flagship Bergen Town Center, having signed a lease with Hackensack Meridian Health.

Health Care & Education
Becton Regional High School eyes $55 million expansion tied to upcoming bond question

Becton Regional High School has proposed a 90,000-square-foot expansion of its campus, as depicted in this rendering, in connection with a $55 million bond referendum scheduled for March 8. — Courtesy: Becton Regional High School