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.

Retail
ULI awards showcases the best in land use, redevelopment while highlighting ongoing challenges in New Jersey (SLIDESHOW)

Th Urban Land Institute’s Northern New Jersey chapter hosted its largest event of the year, honoring projects, professionals and companies in nearly 20 categories as recipients called for continued cooperation between developers and policymakers.

Professional Services
NAIDB promotes Gerace, DiLeo to associate vice president

NAI DiLeo-Bram & Co. has promoted brokers Kyle Gerace and Robert V. DiLeo to associate vice president, touting their role in growing the firm’s footprint and transaction volume.

Industrial
Prologis fills Port Reading building with 607,000 sq. ft. lease with logistics firm

Prologis Inc. has leased more than 600,000 square feet in Woodbridge to a warehousing and logistics firm, in what was one of New Jersey’s largest industrial deals to start the year.

Professional Services
NAIDB honors Sciortino, other key team members as part of Women’s History Month

NAI DiLeo-Bram & Co. is honoring its longtime business and senior marketing coordinator and several other key team members as part of its Women’s History Month observance.

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.

Events
ULI Northern New Jersey unveils honorees for April awards gala

The Urban Land Institute’s Northern New Jersey chapter has announced the winners of its 2024 Excellence Awards, highlighting a host of projects and professionals involved in land use and development in the state.

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.

Professional Services
Kislak honors top brokers of 2023 at annual sales awards

The Kislak Co. Inc. has recognized three standout brokers in the residential and commercial space as part of its newly announced company sales awards.