Health Care & Education

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

Finance & Capital Markets
Kennedy Funding closes $1.8 million loan for research park site in Michigan

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1.815 million land loan to the owner of more than 30 acres outside Detroit.

Office
Savills: Investor acquires, plans nursing home at 127,000 sq. ft. Montvale office building

A private equity firm has acquired a 127,000-square-foot office complex in Montvale and is now planning to convert it to an assisted living facility, according to brokers with Savills.

Office
Pharma firm taps SJP for build-out of new 300,000 sq. ft. headquarters at ON3

A pharmaceutical company has selected SJP Properties to manage the build-out of its new 300,000-square-foot U.S. headquarters in Nutley.

Finance & Capital Markets
Kennedy Funding inks $1.5 million loan for buyer of ex-Temple University arts campus

The buyer of a former Temple University complex just outside Philadelphia has secured $1.5 million in financing, in a newly announced transaction by Kennedy Funding.

Health Care & Education
Gene therapy company takes 62,000 sq. ft. at massive life sciences campus in Hopewell

Another life sciences company is coming to the 1.14 million-square-foot former Bristol-Myers Squibb campus in Hopewell, where it plans to lease 62,000 square feet of laboratory space.

Finance & Capital Markets
Owner of West Orange medical office building refinances, JLL says

Atkins Cos. has refinanced the debt on a nearly 121,000-square-foot medical office building in West Orange, brokers with JLL announced Monday.

Health Care & Education
Prism sells 157,000 sq. ft. lab, R&D building at ON3 campus in Nutley

Prism Capital Partners has sold a 157,000-square-foot life sciences building at its ON3 campus, in a sign of investor appetite for modern lab and research and development space.

Top News
Sanzari family foundation donates $20,000 for student iPads in Hackensack

The Alfred N. Sanzari Family Foundation has donated $20,000 to the Hackensack Public School District, supporting its effort to equip students who are learning remotely.

Health Care & Education
Atkins, Capital Solutions sell new-look medical office building in Bridgewater

A joint venture has sold a repositioned, 95,000-square-foot medical office building in Bridgewater after securing a lease with one of the state’s largest health care networks.

Residential & Mixed Use
Mercer Oak inks 12,000 sq. ft. lease in Monroe for regional eye practice

An ophthalmology and optometry practice is relocating its Monroe Township office, under a newly announced transaction by Mercer Oak Realty.