Health Care & Education

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

Office
JLL details $95 million sale of Jersey City building, now slated to become life sciences hub

Thor Equities Group is eyeing plans to reposition a historic building in Jersey City into research and laboratory space, following its recent acquisition of the nearly 340,000-square-foot property.

Residential & Mixed Use
Stockton, AC Devco proceeding with new Atlantic City residence hall

A development team is moving ahead with plans for a new Stockton University residence hall in Atlantic City, the next phase of a major redevelopment in a key section of the resort town.

Office
WCRE inks sale of medical office parcel in Mullica Hill

A developer has sold a nearly one-acre parcel in Gloucester County, where plans call for a medical office building that will tap into demand from a new hospital less than a mile away.

Office
Hillsborough medical office building sells for $5 million, Marcus says

A private buyer has paid more than $5 million for a 16,250-square-foot office building in Hillsborough, in a newly announced transaction by Marcus & Millichap Capital Corp.

Health Care & Education
Plan to acquire, relocate New Brunswick school in focus for $750 million cancer pavilion project

The developer of a proposed $750 million cancer center in New Brunswick is set to make its case to the city’s board of education, seeking to acquire a school property that it says is the ideal location for the sweeping health care facility.

Health Care & Education
Vantage RES: Lab service expands, inks 2,300 sq. ft. lease in Cherry Hill

A pathology lab has leased more than 2,000 square feet at a medical office building in Cherry Hill, in a newly announced transaction by Vantage Real Estate Services.

Professional Services
NAI Mertz hires veteran business executive as sales associate

NAI Mertz has added a new broker to its Mount Laurel-based team, one who will focus on retail, medical and office space listings.

Top News
State unveils Newark affordable housing project with Pennrose, RWJBarnabas

A developer is partnering with one of the state’s largest hospital systems to create dozens of affordable housing units near Newark Beth Israel Medical Center.

Professional Services
Avison Young marks completion of Glen Ridge medical office building

Avison Young is touting the completion of a new medical office building in Essex County, following a recent unveiling by a development team and health care leaders.

Health Care & Education
Private equity firm grows skilled nursing portfolio, acquires 120-bed Wayne facility

Private equity investment firm Tryko Partners has acquired a skilled nursing facility in Wayne, with plans to reposition and expand the services at the 120-bed property.