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The 11-story building is scheduled to be delivered in late 2020 and will be the first senior living community in The Village at Valley Forge, a 122-acre mixed-use lifestyle village.

The building is connected via a sky bridge to Chelsea Market, which Google bought last year for $2.4 billion.

NAI Hanson's Levering says that a priority for Solomon Page was having a well-located, modern office in the northern New Jersey market. “It will allow them to work more efficiently with their regional clients and expand their services in the local marketplace,” he added.

Originally constructed in 1947 as a 10-story office building, 1501 Locust St. was expanded and repurposed into a luxury boutique building in 2010 featuring 29 large apartment units averaging 1,009 square feet and three commercial units totaling approximately 5,000 square feet.

Last month, Brightmark closed a $260-million financing package for the construction of the plant, which includes $185 million in Indiana green bonds, which were underwritten by Goldman Sachs & Co.

As baby boomers age, medical properties continue to rise in popularity, with this sale reportedly being the second largest medical office portfolio sale based on total dollar volume.