Health Care & Education

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

People
Senlac Ridge Partners names new principal for development and construction

Senlac Ridge Partners has added a longtime development executive as its newest principal, as the firm looks to ramp up its pipeline of ground-up projects in the region.

Health Care & Education
Developers add retina specialists to sprawling mixed-use project in Gloucester County

A joint venture has secured a new retail tenant at a large mixed-use development in Gloucester County, inking a 5,400-square-foot lease with a regional retina specialist.

Health Care & Education
Addiction treatment center takes 3,700 sq. ft. in Fair Lawn, NAI Hanson says

An addiction treatment provider has leased nearly 4,000 square feet of medical office space in Fair Lawn, in a newly announced transaction by NAI James E. Hanson.

Health Care & Education
St. Joseph’s to occupy new ground-up 140,000 sq. ft. medical complex in Totowa

A hospital network is expanding its footprint with a built-to-suit, 140,000-square-foot medical office complex in Totowa, in a newly announced transaction by Lee & Associates New Jersey.

Office
Florham Park headquarters, life sciences building sold for $47 million

An investment firm has sold a corporate headquarters and life sciences building in Florham Park for nearly $47 million, under a transaction announced Wednesday by CBRE.

Health Care & Education
Prism taps Newmark Associates to lease health care space at West Orange project

Prism Capital Partners has picked Newmark Associates as its leasing agent for health care and medical office space at its 21-acre, mixed-use Edison Village project in West Orange.

Health Care & Education
Thor kicks off construction to create new lab, R&D building in Jersey City, JLL says

Thor Equities has started construction in its plan to overhaul a 350,000-square-foot building in Jersey City, where it aims to create “lab-ready” space that will attract life sciences users.

Finance & Capital Markets
Snowpoint closes $2.8 million loan for Passaic County rehab center

The buyer of a rehabilitation and recovery center in Passaic County has secured $2.8 million in financing, in a newly announced transaction by Snowpoint Capital Management.

Office
Oral surgery group leases 4,400 sq. ft. in East Brunswick, Sheldon Gross says

An oral surgery practice has taken space at a single-story office park in East Brunswick, in a newly announced deal by Sheldon Gross Realty.

Policy Page
Regional mindset, new recipe needed to keep our talent and project pipeline flowing

It’s high time that New Jersey’s local officials start doing things differently and placing a higher priority on talent attraction, collaborative regional (not parochial) planning and being on the same page. Economic development experts from outside the state seemed to concur at NAIOP New Jersey’s recent Annual Meeting and Commercial Real Estate Outlook.