Tuesday, May 17, 2016

Cushman & Wakefield Negotiates Sale of Denville, NJ Retirement Community

Megan Fetter
TAMPA, FL – Cushman & Wakefield announced it has negotiated the sale of Franciscan Oaks, an entrance fee continuing care retirement community in Denville, NJ.

Based in Cushman & Wakefield’s Tampa office, Executive Managing Director Allen McMurtry, Senior Managing Director Megan Fetter and Senior Managing Director David Kliewer represented seller Catholic Health Initiatives in the disposition.

The buyer was Springpoint Senior Living, New Jersey’s largest non-profit provider of housing and services for seniors. Springpoint currently manages a portfolio of six continuing-care retirement communities,18 affordable-housing communities and home-care services.

Franciscan Oaks is situated on ±14 acres at 19 Pocono Road in Denville. The facility features 285 independent living apartments, 33 assisted living units and an 84-bed skilled nursing facility. Franciscan Oaks is adjacent to Saint Clare’s Hospital Denville and located less than one hour west of Manhattan via Interstate 80.

For a complete copy of the company’s news release, please contact:

David A. Meyer 
Meyer Media 

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