Health Care & Education

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

Retail
Net-leased daycare center property in Parsippany sells for $4.3 million, Marcus says

A private investor has purchased the site of a net-leased daycare center in Parsippany for $4.3 million, brokers with Marcus & Millichap announced last week.

Retail
JLL: IVX Health adding six locations in New Jersey with 14,000 sq. ft. in new leases

A fast-growing network of infusion clinics is expanding in New Jersey with six newly signed retail leases throughout the state, in a series of deals arranged by JLL.

Health Care
Longtime health care broker Marks launches advisory firm focused on medical space

Veteran broker Jonathan Marks has launched a new advisory firm focused on health care real estate, seeking to build on years of experience in the growing asset class.

Office
Atkins, Denholtz enter next phase of updates at Westchester County health care campus

Atkins Cos. and Denholtz have completed the first phase of a plan to upgrade a 490,000-square-foot office building in Westchester County that the firms acquired in 2023.

Events
Creative connections: Real estate, design experts discuss the intersection of art and health in commercial spaces

From left: Andrea Hsu of NK Architects, Jennifer Ellis-Rosa of Gensler, Shuli Sadé of Sadé Studio and Shane Connell of the Connell Co. took part in a Feb. 27 panel discussion hosted by Morris Arts. — All images courtesy: Morris Arts

Office
Hackensack Meridian tops off new headquarters, medical office building at Metropark station

Hackensack Meridian Health’s new headquarters and medical office building in Woodbridge is on track to open this fall after reaching a key construction milestone last week.

Health Care
Accordia: Montvale office building adds dentistry practice as latest health care tenant

A general and cosmetic dentistry practice is coming to an Accordia-managed office building in Montvale after leasing more than 3,000 square feet at the property.

Professional Services
DIGroup acquires Queens-based Graf & Lewent Architects

DIGroup Architecture LLC has expanded its footprint and its offerings with the acquisition of Graf & Lewent Architects LLP, an established practice based in Queens.

Editor’s Note
Taking notice

As you’ll read in this month’s cover story, developers are laying the groundwork for what could be a new wave of apartment construction in downtown New Brunswick, seeking to meet the needs of workers that will come from the transformative, large-scale commercial projects that are taking shape. City officials say they’ve approved plans for residential projects with more than 2,000 units since the start of 2022, with hundreds more in the pipeline, setting the stage for a major infusion of new housing.

Health Care
Doren Development inks 4,000 sq. ft. lease in Passaic for plasma donation center’s third location

Doren Development has secured a new tenant at a Passaic office building after leasing 4,000 square feet to a plasma donation center.