Editor’s Note
Bearing fruit

I’m as guilty as anyone of overusing words like “transformative” when it comes to major redevelopment projects. But it seems in some instances like there’s no avoiding it. A case in point is a plan for Woodbridge’s Metropark train station, where surface parking lots will become a new office and ambulatory care center spanning nearly 250,000 square feet, as well as 235 luxury apartments and retail space. If you ask me, that seems transformative enough.

Our cover story this month is a deep dive on that project, which Hackensack Meridian Health unveiled in early March alongside Gov. Phil Murphy and a team that includes Russo Development, Onyx Equities and Dinallo Development.

Retail
The health care effect: Inside the deal for Hackensack Meridian’s new hub at Metropark — and what it says about the industry’s role in commercial real estate

Plans for a high-profile Hackensack Meridian Health facility in Woodbridge are only 18 months in the making. Yet it was the product of relationships that had formed years earlier at the upper levels of New Jersey’s real estate and health care sectors, helping to make good on years of planning by state and local officials to activate the Metropark train station.

Health Care & Education
Hackensack Meridian breaks ground on new office, health center at mixed-use Metropark site

Construction is set to begin on nearly 250,000 square feet of new corporate and medical office space in Woodbridge, the future home of a Hackensack Meridian Health facility and the first piece of a distinctive mixed-use project at the Metropark train station.

Government & Public Policy
EDA approves $114 million tax credit for major HMH health care hub, apartments at Metropark

The state has pledged nearly $114 million in tax credits over 10 years to a project that would transform the Metropark train station in Woodbridge, where plans call for 235 apartments and nearly 250,000 square feet of office and medical space for Hackensack Meridian Health.

Office
JLL marketing high-end, 240,000 sq. ft. office building in Metropark after Siemens departure

The owner of a nearly 240,000-square-foot office building in Woodbridge has tapped JLL as its leasing agent, in what brokers say is a blank canvas for a corporate or life sciences user.

Residential & Mixed Use
C&W: Hampshire sells residential development site in Metropark to Woodmont

The Hampshire Cos. has sold a mixed-use development site in the Metropark section of Woodbridge, in a newly announced deal by Cushman & Wakefield.

Office
SJP completes buildout of global biopharma firm’s new 25,000 sq. ft. office in Metropark

A biopharmaceutical firm has moved into its new 25,000-square-foot office space in Woodbridge, following a build-out by SJP Properties’ third-party construction arm.

Office
C&W details 117,000 sq. ft. in new leases, renewals at Opal portfolio in Metropark

An accounting firm has extended its nearly 31,000-square-foot lease in Woodbridge, in one of several newly announced deals in Opal Holdings’ six-building office portfolio in the region.

Government & Public Policy
Russo, Onyx and Terminal to lead transformation of NJ Transit’s Metropark station

State officials have picked Russo Development, Onyx Equities and Terminal Construction to spearhead a project that would reshape NJ Transit’s busy Metropark station in Woodbridge.

Office
SJP, Siemens detail 66,000 sq. ft. lease at new-look Metropark office building

Siemens has joined the tenant roster at a newly updated office building in Woodbridge, where it’s taking more than 65,000 square feet under a recent lease with SJP Properties.