REBusinessOnline

FORMER HOSPITAL SITE SELLS FOR $45 MILLION

Posted on by in Civic, Northeast

WESTWOOD, N.J. — Cushman & Wakefield have completed the $45 million sale of a 20-acre former hospital site in Westwood. Hackensack University Medical Center and Touro University College of Medicine purchased the facility. The new owners plan to construct a medial school, which is slated for occupancy in 2009. The site was formerly occupied by the 251-bed Pascack Valley Hospital, which filed for bankruptcy fall 2007. Andrew Merin, Jose Cruz, David Bernhaut and Gary Gabriel of Cushman & Wakefield orchestrated the sale.

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