Health Care & Education

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

Office
Rehab chain extends 5,500 sq. ft. lease in Clifton, NAI Hanson says

A physical rehabilitation chain has extended its lease for more than 5,500 square feet at a medical office building in Clifton, brokers with NAI James E. Hanson said Tuesday.

Office
CBRE: Investor acquires Paramus medical office building for $20 million

A private investor has acquired a 75,000-square-foot medical office building in Paramus for $20 million, brokers with CBRE said Thursday.

Office
Biopharma firm takes 185,000 sq. ft. at sprawling Bristol-Myers site in Hopewell

A biopharmaceutical firm has inked a lease for 185,000 square feet at the former Bristol-Myers Squibb Co. campus in Hopewell, helping to backfill part of the 1.14 million-square-foot complex.

Hospitality & Tourism
Weiss Properties plans Marriott hotel and mixed-use development in Florence

Weiss Properties will develop 240 apartments, a 104-room Marriott Town Place Suites hotel and restaurant space at the intersection of Route 130 and Cedar Lane in Florence Township, the New Brunswick-based firm announced.

Retail
Atkins, Woodmont ink first retail tenants at mixed-use Washington Twp. project

Atkins Cos. and Woodmont Properties have signed three leases at a new 10,000-square-foot standalone retail building at their Washington Square Town Center project.

Finance & Capital Markets
Developers land $26.5 million in equity for Montvale senior living project

A private equity fund is providing more than $25 million in capital for a new 203-unit senior living facility in Montvale, brokers with Cushman & Wakefield announced this week.

Finance & Capital Markets
C&W inks $57 million refi for Hamilton senior living complex

The owners of a 195-unit senior living facility in Hamilton have refinanced the property for more than $57 million, under a newly announced transaction by Cushman & Wakefield.

Health Care & Education
Kimmerle touts design, expansion of Marlton assisted living facility

An operator of assisted living facilities is expanding a location in Burlington County as part of a newly announced project that is being designed and managed by the Kimmerle Group.

Office
Gastroenterology group renews for 9,000 sq. ft. in Marlton

A gastroenterology practice has extended its lease at a medical office complex in Marlton, under a newly announced transaction by Rose Commercial Real Estate.

Health Care & Education
Cherry Hill medical office building fetches $4 million

An investor has acquired a medical office property in Cherry Hill, under a $4 million transaction arranged by Marcus & Millichap.