NXT Capital arranged the financing for the 248,000-square foot office building.

Millennials and baby boomers are colliding in terms of health and wellness, says Dennis Frenchman, Director of the MIT Center for Real Estate.

The Philadelphia-based real estate investment advisory firm, also notes that it has begun capital improvements involving both interior and exterior upgrades at the nearly 467,000-square-foot property.

The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.