Health Care & Education

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

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.

Health Care & Education
Atkins renews six medical tenants for 13,000 sq. ft. in West Orange

Six tenants have leased a combined 13,000 square feet at a medical office building in West Orange, under a series of renewals announced Monday by Atkins Cos.

Residential & Mixed Use
AC Devco eyes $62 million expansion of Stockton campus in Atlantic City

The next phase of Stockton University’s new campus in Atlantic City could begin as soon as this fall, with plans calling for a six-story residential building for more than 400 students.

Finance & Capital Markets
Sale of ex-United Water HQ complete, site slated for senior living project

The site of a former United Water headquarters building in Bergen County is on track to be redeveloped as a senior living complex, following a sale announced by NAI James E. Hanson.

Health Care & Education
WCRE: Former Voorhees school building slated to become daycare center

A new high-end day care facility is slated to open at a 13,000-square-foot school building in Voorhees, following a sale arranged by Wolf Commercial Real Estate.

Finance & Capital Markets
Ex-NFL receiver, Amboy Bank ink $51 million loan for Bordentown development

Amboy Bank has closed on some $51 million in financing to help a former NFL player develop more than 400,000 square feet of retail and medical office space in Bordentown.

Residential & Mixed Use
Woodmont launches senior housing division, taps industry veteran

Woodmont Properties has hired a veteran industry executive to lead its newly formed senior housing division, touting an opportunity in the niche residential sector.

Government & Public Policy
Medical device startup moving to Kearny Point with first EDA rent support grant

A medical device maker has relocated to a creative flex office space at the Kearny Point property in Kearny, making it the first company to benefit from a new state program that subsidizes rent payments for startups at certain collaborative workspaces.