Health Care & Education

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

Health Care & Education
St. Joseph’s inks 60,000 sq. ft. medical office lease in Totowa, Lee & Associates says

St. Joseph’s Health has leased 60,000 square feet of medical office space as part of an ongoing redevelopment plan in Totowa, brokers with Lee & Associates said Thursday.

Health Care & Education
New Brunswick: RWJBarnabas, Rutgers join Devco to announce $750 million cancer pavilion

The state’s largest health system and Rutgers University have unveiled plans for a sweeping project in downtown New Brunswick — a $750 million, state-of-the-art cancer pavilion alongside one of New Jersey’s top-rated hospitals.

Office
Atkins, Woodmont hail lease-up of medical office building in Gloucester Co.

A new 40,000-square-foot medical office building in Gloucester County is fully leased, marking the latest milestone for a joint venture’s mixed-use redevelopment project.

Residential & Mixed Use
March Associates completes assisted living complex in Monmouth County (SLIDESHOW)

A developer has opened the doors to a senior housing and assisted living complex in Monmouth County, under a newly delivered project by March Associates Construction Inc.

Office
Biotech firm completes HQ renovation in Morris Plains, Hollister says (SLIDESHOW)

A life sciences company has debuted its renovated 30,000-square-foot headquarters in Morris Plains, under a newly completed project by Hollister Construction Services.

Health Care & Education
Medical office portfolio fetches $2 million, Colliers says

A private investor has paid $2 million for a fully leased, three-building medical office portfolio in Burlington County, brokers with Colliers International announced last week.

Government & Public Policy
Woodbridge seeking redevelopers for 54-acre developmental center campus

The township of Woodbridge is seeking proposals from developers interested in transforming the 54-acre site of a former state-owned complex for residents with developmental disabilities.

Professional Services
Locally grown: Lee & Associates, marking 10 years in New Jersey, is primed for additional expansion

Lee & Associates is marking 10 years since the launch of its New Jersey office, having grown from just four brokers and three employees to a team of 55, thanks in large part to the firm’s distinctive broker-owned model and a growing number of service lines.

Health Care & Education
Bridgewater medical office building, surgery center fetches $7 million

A medical office building and surgical center in Bridgewater has changed hands for $7 million, following a transaction arranged by Weichert Commercial Brokerage.

Deals
NAI Hanson inks sale of Fairfield redevelopment site

The new owner of a two-acre redevelopment site in Fairfield is slated to build a medical facility on the parcel, following a sale arranged by NAI James E. Hanson.