Health Care & Education

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

Office
Repositioned life sciences campus in Bridgewater under new ownership, new platform

A joint venture is reaping the rewards of a plan to reposition a sprawling research and development complex in Bridgewater, having sold the campus for more than $150 million. All the while, the deal has cast a light on the allure of life sciences as a real estate investment class and the power of collaboration by brokers across multiple geographic markets.

Residential & Mixed Use
PRC, Circle Squared unveil Jersey City rental building at NJCU-led project

A joint venture has taken the wraps off a new 144-unit luxury apartment building in Jersey City, the latest piece of a high-profile redevelopment effort led by New Jersey City University.

Health Care & Education
WCRE inks sale of Burlington City elementary school building

The Burlington City school district has sold a nearly 14,000-square-foot facility, in a transaction arranged by Wolf Commercial Real Estate.

Office
CBRE inks sale of eight-acre redevelopment site in Morris County

A developer has acquired a vacant former supermarket property in Morris County, where it’s now planning a multiservice medical office center.

Office
NKF touts $152 million sale of Bridgewater life sciences campus

A joint venture has reaped more than $150 million from the sale of a high-profile life sciences campus in Bridgewater, under a recent transaction by Newmark Knight Frank.

Health Care & Education
JLL: Atlantic Health adds 92,000 sq. ft. ‘health pavilion’ in Rockaway for $26 million

Atlantic Health System has acquired a 92,326-square-foot property in Rockaway for nearly $26 million, becoming an owner-occupier at a site that already houses many of its medical services.

Office
Summit Medical inks $140 million sale of flagship medical office campus

Summit Medical Group has sold its flagship 270,000-square-foot medical office campus in Berkeley Heights, where it is now a tenant as part of a sale-leaseback agreement.

Health Care & Education
JLL: Mahwah investor expands out of state, acquires medical office asset in Syracuse

A Mahwah-based commercial real estate investor has acquired a two-building medical office complex in Syracuse, New York, in an $18 million sale arranged by JLL.

Finance & Capital Markets
Progress inks $16 million acquisition loan for student housing portfolio

Progress Capital has arranged $16 million in financing for a client to acquire a 219-bed, multisite student housing portfolio near Pennsylvania’s Lehigh University.

Office
NAI Hanson inks 8,000 sq. ft. medical office sale in New Providence

An optometry practice has acquired an 8,064-square-foot medical office building in New Providence, in a newly announced transaction by NAI James E. Hanson.