WEST ORANGE, N.J. — Sherman & Roylance has negotiated the sale of the former Canterbury Village, a 44-unit, 53-bed assisted living community in the New York City suburb of West Orange.
The buyer was a private senior living operator led by industry veterans Scott Burman and Lorne Schechter. The price was not disclosed.
Canterbury Village closed its doors in mid-2023 and was owned by Provident Bank at the time of sale. George Bingham of Sherman & Roylance represented Provident in the transaction.
Canterbury was operated previously as an affiliate of nonprofit Heath Village of Hackettstown. The single-story building boasts over 30,000 square feet of space on a two-acre parcel.
The new owners plan to invest in significant renovations, modernizing the space while retaining its use as a senior living community.