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Knee Pain Treatment & Specialist

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Advanced Knee Pain Treatment in Merrill Lynch, NJ

Are you experiencing knee pain symptoms such as popping, clicking, bone-on-bone grinding, achiness, or sharp stabs? You're not alone in this journey. Knee pain affects nearly 25% of adults in the United States, causing discomfort, swelling, and chronic pain that can hinder everyday activities like childcare, walking, and exercise. Shockingly, recent statistics from The American Academy of Family Physicians indicate a 65% increase in diagnosed knee pain cases.

In a world where invasive surgeries and prescription painkillers are often the default solutions, it's crucial to explore the effective non-invasive options that are available. These alternative treatments provide relief without the associated risks of surgery.

Today, many doctors still recommend invasive surgeries and prescription painkillers rather than exploring non-invasive options. While those treatments are needed in some circumstances, there are alternative treatments available that can help you overcome knee pain without needing to go under the knife.

NJ Sports Spine and Wellness' advanced knee pain treatment in Merrill Lynch, NJ gives men and women suffering from knee pain hope. Instead of relying on surgery, our team of doctors and physical therapists use non-invasive, highly effective treatments to help heal prevalent conditions such as:

Service Areas

Arthritis

Soft tissue injury

ACL tears

MCL tears

Patella dislocation

Misalignment of the kneecap

Patella tendonitis

Jumper's knee

Osgood Schlatter's Disease

Knee

With the right treatment,

many people can reduce their pain and improve their function, allowing them to return to normal daily activities. Plus, by taking preventative measures and seeking prompt care from our team, it's possible to reduce your risk of developing chronic knee pain and other painful knee conditions. If you've been searching for a non-invasive way to eliminate knee pain and get back to an active life, your journey to recovery starts here.

Let's take a closer look at some of the knee pain treatments available at NJ Sports Spine and Wellness, which all serve as great alternatives to knee replacement surgery.

Physical Therapy:

Optimizing Musculoskeletal Health with Conservative Care

The field of Physical Therapy (PT) aims to rehabilitate individuals who have experienced injury, illness, or disability by restoring their mobility and function. Physical therapists cater to patients of various ages and capabilities, ranging from young athletes to senior citizens, in order to help them surpass physical limitations and improve their standard of living with advanced knee pain treatment in Merrill Lynch, NJ.

At NJ Sports Spine and Wellness, our physical therapy program was founded on a patient-centric philosophy, where physical therapists work closely with patients to get a deep understanding of their goals, preferences, and capabilities. In doing so, they can create a tailor-made treatment strategy to address their unique knee pain with the goal of avoiding a knee replacement. Treatment may involve exercises that are therapeutic in nature and can include:

  • Joint mobilizations
  • Soft tissue mobilization using cupping
  • Graston technique
  • Soft tissue massage
  • Stretching of associated muscle groups

Joint Mobilization for Knee Pain

This unique knee pain solution involves physical therapists using skilled manual therapy techniques to help improve your joint range of motion while simultaneously reducing your knee pain.

During joint mobilization, a physical therapist applies targeted pressures or forces to a joint in specific directions to improve its mobility. The intensity of the force applied can vary, and it is adjusted based on the patient's comfort level. Joint mobilization is generally pain-free.

STM

Soft Tissue Mobilization (STM)

Soft Tissue Mobilization is a manual therapy technique that involves stretching and applying deep pressure to rigid muscle tissue. This helps to relax muscle tension and move fluids that are trapped in the tissues that cause pain and inflammation. This effective form of physical therapy is often used as an advanced knee pain treatment in Merrill Lynch, NJ for treating knee strains, knee sprains, knee pain, and more.

Graston

The Graston Technique

The Graston Technique involves the use of handheld instruments to identify and break up scar tissue through specialized massage. During a Graston Technique session, physical therapists use convex and concave tools for cross-friction massage, which involves rubbing or brushing against the grain of the scar tissue. This process re-introduces small amounts of trauma to the affected area. In some cases, this process temporarily causes inflammation, which can actually boost the amount and rate of blood flow in the knee. This process helps initiate and promote the healing process so you can get back to a normal life.

Massage

Soft Tissue Massage

Soft tissue massage is a less intense form of massage than it's deep-tissue relative. Instead of focusing on slow and firm strokes to reach the deep layers of muscles and tissues, this massage technique uses a variety of pressures, depths, and durations. Soft tissue massage is helpful in alleviating different types of knee aches, pains, and injuries. Soft tissue massages can also help reduce stress, improve circulation, and promote relaxation.

Advanced Mechanics and Technology:

The Future of Knee Pain Therapy

While knee pain is a common symptom that affects millions of Americans every year, no two cases of knee pain are ever exactly alike. Some types of knee injuries require non-traditional solutions. At New Jersey Sports Spine and Wellness, we offer a range of treatments that leverage mechanics and technology to help patients recover from injuries while treating inflammation and pain as well as resolve the root cause of the pain.

AlterAlterG® Anti-Gravity Treadmill

The AlterG® Anti-Gravity Treadmill is equipped with NASA Differential Air Pressure (DAP) technology, which is a precise air calibration system that uses the user's actual body weight to enhance rehabilitation and training. By utilizing a pressurized air chamber, the AlterG allows patients and athletes to move without any pain or restrictions.

This advanced knee pain treatment in Merrill Lynch, NJ uniformly reduces gravitational load and body weight up to 80% in precise 1% increments. The results can be incredible, with patients reporting benefits such as:

  • Restoring and building of knee strength
  • Restored range of motion in the knee
  • Better balance
  • Improved knee function
  • More

What Makes the AlterG® Anti-Gravity Treadmill So Effective?

The AlterG® Anti-Gravity Treadmill can monitor various metrics such as speed, gait pattern, stride length, and weight distribution. With real-time feedback and video monitoring, your rehabilitation team can promptly and accurately identify issues and pain points or monitor your progress throughout your knee pain rehabilitation journey.

One of the key benefits of this cutting-edge equipment is that it replicates natural walking and movement patterns without the artificial feel that hydrotherapy or harnesses create. This makes it an excellent choice for faster recovery after knee injuries or surgeries, as it allows for early mobilization while also preserving strength. Furthermore, it is ideal for sports recovery as athletes can use it for physical conditioning maintenance.

Advanced Knee Pain Treatment Merrill Lynch, NJ
Advanced Knee Pain Treatment Merrill Lynch, NJ

Low-Level Laser Therapy

Our advanced treatment modalities for knee pain include laser therapy, which harnesses the revolutionary power of light through photobiomodulation (PBM). LiteCureâ„¢ low-level laser therapy is available for acute and chronic types of knee pain and can be hugely beneficial when coupled with physical therapy, occupational therapy, chiropractic care, and sports recovery care.

Understanding Photobiomodulation (PBM)

PBM is a medical treatment that harnesses the power of light to stimulate the body's natural healing abilities. The photons from the light penetrate deep into the tissue and interact with mitochondria, which results in a boost in energy production. This interaction sets off a biological chain reaction that increases cellular metabolism. Utilizing low-level light therapy has been shown to:

  • Alleviate knee pain
  • Speed up tissue healing
  • Promote overall health and wellness
  • Expedite knee pain injury recovery
Advanced Knee Pain Treatment Merrill Lynch, NJ

Exclusive Access to

Pain Management Professionals

At NJ Sports Spine & Wellness, we know that every patient requires a personalized approach to chronic knee pain and condition management. Sometimes, our patients need access to pain management professionals, who can offer relief in conjunction with physical therapy and other solutions like low-level laser therapy.

Two of the most common services we offer for pain management includes acupuncture which can assist in avoiding knee replacement surgery.

Acupuncture is a common treatment for knee pain that involves inserting thin needles into specific points in your knee. This ancient Chinese medicine has gained popularity in Western culture due to its effectiveness in treating various conditions with minimal side effects.

Acupuncture works by stimulating the nervous system to release various biochemicals, including endorphins and other neurotransmitters. The release of these chemicals helps to reduce inflammation, decrease pain perception, and improve overall blood circulation.

Multiple studies have shown that acupuncture can be effective in treating knee pain caused by a variety of conditions, including osteoarthritis and injuries related to physical activity like running. Acupuncture can also help reduce inflammation, improve muscle function, and decrease pain perception, making it a viable treatment on its own or as an addition to traditional treatment methods like physical therapy.

When undergoing acupuncture, a professional acupuncturist will insert thin needles into specific acupoints on the skin. These needles are left in place for roughly 20 to 30 minutes and may be gently stimulated for an enhanced effect. Patients might experience a slight tingle or warmth at the needle insertion site, but overall, acupuncture is considered a painless procedure.

Acupuncture has been a trusted and effective treatment option for thousands of years. The World Health Organization (WHO) recognizes acupuncture as a legitimate form of healthcare, and the National Institutes of Health (NIH) has even funded research studies to explore its efficacy for a range of medical conditions. To learn more about acupuncture for knee pain, contact NJSSW today.

Advanced Knee Pain Treatment Merrill Lynch, NJ

Acupuncture

Acupuncture is a common treatment for knee pain that involves inserting thin needles into specific points in your knee. This ancient Chinese medicine has gained popularity in Western culture due to its effectiveness in treating various conditions with minimal side effects.

Acupuncture works by stimulating the nervous system to release various biochemicals, including endorphins and other neurotransmitters. The release of these chemicals helps to reduce inflammation, decrease pain perception, and improve overall blood circulation.

Multiple studies have shown that acupuncture can be effective in treating knee pain caused by a variety of conditions, including osteoarthritis and injuries related to physical activity like running. Acupuncture can also help reduce inflammation, improve muscle function, and decrease pain perception, making it a viable treatment on its own or as an addition to traditional treatment methods like physical therapy.

Advanced Knee Pain Treatment Merrill Lynch, NJ

What Happens During Acupuncture Therapy for Knee Pain?

When undergoing acupuncture, a professional acupuncturist will insert thin needles into specific acupoints on the skin. These needles are left in place for roughly 20 to 30 minutes and may be gently stimulated for an enhanced effect. Patients might experience a slight tingle or warmth at the needle insertion site, but overall, acupuncture is considered a painless procedure.

Advanced Knee Pain Treatment Merrill Lynch, NJ

Is Acupuncture Actually Effective for Knee Pain?

Acupuncture has been a trusted and effective treatment option for thousands of years. The World Health Organization (WHO) recognizes acupuncture as a legitimate form of healthcare, and the National Institutes of Health (NIH) has even funded research studies to explore its efficacy for a range of medical conditions. To learn more about acupuncture for knee pain, contact NJSSW today.

Avoid Knee Replacements with Advanced Knee Pain Treatment in Merrill Lynch, NJ

Advanced Knee Pain Treatment Merrill Lynch, NJ

When it comes to knee pain therapies and treatments, getting a knee replacement should be last on your list. Why put your body through such trauma if you haven't tried other non-invasive treatment options? Whether you're an athlete trying to work through a knee injury or you're over 65 and are dealing with osteoarthritis, NJ Sports Spine and Wellness can help.

It all starts with an introductory consultation at our office in Matawan or Marlboro. During your first visit, we'll talk to you about your knee pain symptoms, the goals you have in mind, and the advanced knee pain treatments available to you at our practice. From there, it's only a matter of time before you get back to a healthy, active lifestyle.

Every day you wait can worsen your knee condition. Contact us today and let our team help get you on the road to recovery and life with painful knees.

Latest News in Merrill Lynch, NJ

Sanctuary Recruits $1.2B New Jersey Team From Merrill Lynch

Sanctuary Wealth, a support platform for breakaway advisors, announced its latest addition, with SkyPath Private Wealth, a Short Hills, N.J., team with approximately $1.2 billion in client assets, joining from Merrill Lynch.The six-person team comprises founding partners Kevin Pearly, James Rohmann, Steven Filiaci and Ken Hopkins, along with Senior Registered Wealth Associate Susan Hoyt and Registered Wealth Associat...

Sanctuary Wealth, a support platform for breakaway advisors, announced its latest addition, with SkyPath Private Wealth, a Short Hills, N.J., team with approximately $1.2 billion in client assets, joining from Merrill Lynch.

The six-person team comprises founding partners Kevin Pearly, James Rohmann, Steven Filiaci and Ken Hopkins, along with Senior Registered Wealth Associate Susan Hoyt and Registered Wealth Associate Jessica McGowan.

Related: RIA Edge Podcast: Sanctuary Wealth’s Jim Dickson on Balancing M&A and Organic Growth

“Breakaway advisors just want to be free,” Sanctuary CEO Jim Dickson said during the 2022 RIA EDGE Conference in Hollywood, Fla., this month. “They don’t want to be told not what to do anymore. That’s the heritage of where Sanctuary was founded.”

Dickson, who spent more than 20 years in leadership at Merrill before launching Sanctuary in May 2018, said in the Mindy Diamond on Independence podcast that an increasing focus on shareholders at the wirehouse, exacerbated by a merger with Bank of America, is what caused him to shift focus four years ago.

Related: Mindy Diamond on Independence: Sanctuary Wealth $25B Later

“Honestly,” he explained, “I felt over time that the advisor just kept getting pushed out more and more.”

“There is an amazing amount of young talent in the breakaway space,” Dickson said in Florida, pointing out that larger institutions don’t exactly teach departing advisors the finer points of running their own firm. “What we try to figure out is how we can take what they do best and bring them into our culture, bring them into our process, to become better.”

Pearly spent nearly 22 years at Merrill, where he ended his tenure as a senior vice president.

“We want to solve all of our clients’ financial needs with the ability to use the best financial planning tools, investment solutions and banking/lending platforms the industry has to offer,” Pearly said in a statement announcing the deal. “Joining Sanctuary allows us to do that.”

Pearly also said that Sanctuary’s own history and experience with the institutional space provided an “added benefit,” adding that Paul Sullivan, who currently serves as managing director for Sanctuary’s first New York office, was his direct market executive early in his career at Merrill.

“Kevin and I began talking about the benefits of partnered independence,” said Sullivan, who was instrumental in recruiting the SkyPath team. “His interest grew and spread to three other financial advisors from Merrill Lynch.”

Rohmann, Filiaci, and Hopkins all joined Merrill in 2013, rising to leadership positions before bringing their combined 70-plus years of experience to SkyPath and Sanctuary. Both Rohmann and Filiaci also previously served in leadership positions at Morgan Stanley.

“We were really impressed with Sanctuary’s open architecture platform and how intuitive they are in terms of adding technology, investment solutions and other tools that allow partner firms to better serve the needs of their clients,” said Rohmann.

Hopkins said he is looking forward to having “access to not only the best investment platforms, but also the best planning software” in crafting customized solutions for clients.

Sullivan said that Sanctuary has leased space in the same New Jersey location as SkyPath, "to ensure that we give New Jersey its rightful attention and I have the opportunity to source and further develop market share for Sanctuary."

“New York City is the financial capital of the world, and we will continue to aggressively build out our presence in the area,” said Dickson, who told WealthManagement.com last summer that expanding into the New York City metropolitan area would help to establish the rapidly growing firm as “a global player.”

“In addition to SkyPath Private Wealth,” he said, “we’ve recently added top teams in the tri-state region as we maintain and develop our community of the industry’s best talent.”

Sanctuary has added eight new teams in 2022, including Questar Capital in Paramus, N.J.

Currently, the Sanctuary Wealth network includes more than 70 partner firms across 25 states with around $25 billion in assets under advisement. The Sanctuary Wealth Group includes the fully owned subsidiaries Sanctuary Advisors, its RIA; the broker/dealer Sanctuary Securities; Sanctuary Asset Management; Sanctuary Insurance Solutions; Sanctuary Global; and Sanctuary Global Tax and Family Office.

Merrill Lynch’s New Jersey Campus Commands $95M

American Real Estate Partners in collaboration with Independencia Asset Management have sold Merrill Lynch’s corporate campus in Hopewell Township, N.J., for $95 million. The asset comprises three Class A office buildings totaling 380,417 square feet.READ ALSO: ...

American Real Estate Partners in collaboration with Independencia Asset Management have sold Merrill Lynch’s corporate campus in Hopewell Township, N.J., for $95 million. The asset comprises three Class A office buildings totaling 380,417 square feet.

READ ALSO: New York City’s Recovery: Can History Help Estimate the Timeline?

Located at 1100-1200 American Blvd., the property was built in 2000 as Merrill Lynch’s corporate campus. Amenities include a high-quality technology infrastructure, meeting and conference space and fitness and cafeteria options, AREP told Commercial Property Executive.

The office space is fully leased to Merrill Lynch, which was acquired by Bank of America in 2008, until November 2024, AREP also told CPE. With a reliable tenant, AREP and Independencia acquired the office campus in 2013. Following the sale, AREP will continue to lease and manage 1100-1200 American as part of the agreement. Cushman & Wakefield was the exclusive agent for the transaction.

According to David Bernhaut, executive vice chairman of Cushman & Wakefield’s Capital Markets Group, the corporate campus is situated in the fifth-largest market in the U.S., between New York City and Philadelphia. AREP also broke ground on a 260,000-square-foot office tower in a Philadelphia suburb alongside its development partners, Oliver Tyrone Pulver Corp. and Partners Group. Bernhaut added in his prepared statement that 1100-1200 American was a quality property with a long-term tenant which kept the offices well-maintained over the years.

Negative absorption in North and Central Jersey

The neighborhood is part of New Jersey’s Princeton/Route 1 Corridor submarket that has seen a 20 percent increase in Class A asking rents since 2004, according to AREP. However, the overall North and Central New Jersey office market is suffering due to the impact of the ongoing COVID-19 pandemic, according to CBRE’s first quarter report of 2020.

According to the report, net absorption of North and Central New Jersey hit a negative 252,000 square feet and ended the momentum of three previous quarters of positive absorption. Alongside the negative absorption, the market’s availability rate increased to more than 19 percent. Looking at just Central New Jersey, the submarket saw a 60 percent increase in leasing activity totaling 502,000 square feet and registered a positive net absorption of 175,000 square feet.

Brian Katz, president & co-founder of AREP, said in prepared remarks that all parties were able to get the transaction done despite operating in the most complicated environment they’ve experienced.

Merrill Lynch's Elliott Kugel Among Nation's Top Financial Advisors

For eighth year in a row, New Jersey's Kugel named to Barron's Top 1,200 listNeighborBridgewater, NJ – Merrill Lynch announced today that Financial Advisor Elliott Kugel of New Jersey has been recognized as a top advisor by Barron’s magazine in its annual "America's Top 1,200 Advisors: State-by-State" list for 2017. This is the eighth year in a row that Kugel has made the list.“Elliott’s recognition on this list demonstrates the high standards he upholds to ensure consistent quality se...

For eighth year in a row, New Jersey's Kugel named to Barron's Top 1,200 list

Neighbor

Bridgewater, NJ – Merrill Lynch announced today that Financial Advisor Elliott Kugel of New Jersey has been recognized as a top advisor by Barron’s magazine in its annual "America's Top 1,200 Advisors: State-by-State" list for 2017. This is the eighth year in a row that Kugel has made the list.

“Elliott’s recognition on this list demonstrates the high standards he upholds to ensure consistent quality service and experience for his clients. He embodies what it means to be a top advisor in the financial industry. It’s not just about following the market and trends; it’s about following the life priorities and goals of your clients and coming up with sound financial strategies to help achieve them. We are proud to support Elliott as he continues to lead by example in years to come,” said Keith Henry, Managing Director- Market Executive.

Advisors considered for the "America's Top 1,200 Advisors: State-by-State" ranking have a minimum of seven years’ financial services experience and have been employed at their current firm for at least one year. Quantitative and qualitative measures used to determine the advisor rankings include client assets, return on assets, client satisfaction/retention, compliance records, and community involvement, among others. Barron’s does not receive compensation from advisors, participating firms and their affiliates, or the media in exchange for rankings.

Kugel resides in Skillman, NJ, and has been a part of Merrill Lynch’s Bridgewater office for 25 years.

Merrill Lynch Global Wealth Management

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Merrill Lynch Global Wealth Management is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With 14,629 financial advisors and $2.1 trillion in client balances as of December 31, 2016, it is among the largest businesses of its kind in the world. Merrill Lynch Global Wealth Management specializes in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment, cash and credit management. Merrill Lynch Global Wealth Management is part of Bank of America Corporation.

Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bank of America Corporation.

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MLPF&S is a registered broker-dealer, a registered investment advisor, Member SIPC and a wholly owned subsidiary of Bank of America Corporation.

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LPL Pulls $1B Firm From Merrill Lynch

New Jersey-based Alex Guiliano, founder of Resonate Wealth Partners, left Merrill Lynch to join LPL under the IBD’s Strategic Wealth Services division.Financial advisor Alexander “Alex” Guiliano left Merrill Lynch and launched a new independent practice, Resonate Wealth Partners, through an affiliation with LPL, the independent broker/dealer announced Thursday.Guiliano managed some $1 billion in advisory, brokerage and retirement assets at Merrill Lynch, according to a press release, and will join LPL under it...

New Jersey-based Alex Guiliano, founder of Resonate Wealth Partners, left Merrill Lynch to join LPL under the IBD’s Strategic Wealth Services division.

Financial advisor Alexander “Alex” Guiliano left Merrill Lynch and launched a new independent practice, Resonate Wealth Partners, through an affiliation with LPL, the independent broker/dealer announced Thursday.

Guiliano managed some $1 billion in advisory, brokerage and retirement assets at Merrill Lynch, according to a press release, and will join LPL under its Strategic Wealth Services division.

Related: Nebraska Team With $750 Million AUM Joins LPL’s Strategic Wealth Services

“I was at a stage in my career where I wanted to look at options across the landscape in search for the best home for my clients and their families over the next few decades,” Guiliano said in the release. “I wanted the freedom and flexibility to set up the client experience the way I wanted and build the business on my own terms with the right partners.”

Based in Ridgewood, N.J., Resonate Wealth Partners was founded by Guiliano “with the mission to help multi-generational families own their ambitions and long-term

goals while also navigating the many financial decisions in front of them,” stated the release.

Related: Exclusive: LPL Recruits First Independent Practice Into SWS

Guiliano is joined by Debbie Appaluccio and Renee Purita, both directors of client relations.

In April 2020, LPL Financial went live with its SWS offering, which was created for advisors with over $200 million in AUM coming out of the wirehouses or regional full-service firms.

LPL provides SWS advisors with a “high-touch” personalized service meant to replicate the kind of business support many got as employees of a full-service firm. That includes transition advice, assistance onboarding clients, securing real estate, installing technology and setting up compliance and marketing programs.

After the advisor has moved, LPL gives ongoing support with a chief financial officer consultant, a senior marketing strategist, technology support, and provides remote administrative assistants and a dedicated service team.

“The Strategic Wealth program lets me focus on building the client experience without having to focus on day-to-day operations,” Guiliano said.

Guiliano, whose clients include a number of high net worth investors, said he was also attracted to LPL’s private client services, including specialty planning around charitable giving, legacy planning and trusts.

This past summer, LPL unveiled the LPL LPL Private Client Services Network, connecting advisors with outside financial service providers for HNW clients who need customized finance and investment options for situations like diversifying concentrated stock positions or executive compensation plans.

Twenty six firms have joined LPL in the SWS channel since it launched, according to a spokesperson. In March, Richard DeYoung and Jessica Boehm, principals of Highland Wealth Partners based in The Woodlands, Texas, joined LPL SWS from Wells Fargo Advisors, where they managed about $280 million in advisory, brokerage and retirement plan assets.

Former Merrill Lynch 450-acre campus in Hopewell to be sold under Bank of America plan

HOPEWELL TOWNSHIP — A sprawling, 450-acre Merrill Lynch office campus overlooking Interstate 95 here would be sold and leased back under a Bank of America plan to raise cash by unloading real estate.Built in the late 1990s, the horseshoe-shaped complex comprises 1.7 million square feet of office space. In 2009, the Merrill campus was valued at more than $386 million, and Real Estate Alert, a commercial real estate publication, estimated this week the...

HOPEWELL TOWNSHIP — A sprawling, 450-acre Merrill Lynch office campus overlooking Interstate 95 here would be sold and leased back under a Bank of America plan to raise cash by unloading real estate.

Built in the late 1990s, the horseshoe-shaped complex comprises 1.7 million square feet of office space. In 2009, the Merrill campus was valued at more than $386 million, and Real Estate Alert, a commercial real estate publication, estimated this week the property exchange could mark the largest-ever real estate transaction in New Jersey.

Up to 6,500 workers were employed at the Merrill offices in 2008, a number that Bank of America, the parent company, declined to update. Bank of America acquired Merrill in 2009 after the once-proud brokerage lost its footing amid the recession.

Bank spokesman T.J. Crawford said “there will be no immediate impact to employees” in Hopewell, although Bank of America last September began a multi-year effort to shed 30,000 jobs.

“Commercial real estate ownership is not a core business for Bank of America, which is why we’ve decided to sell our interests in the Hopewell campus,” Crawford said.

The bank will lease and continue to utilize the campus space following the sale, Crawford said. The campus currently houses employees of Bank of America and its Merrill unit, Crawford said.

Merrill originally developed the office campus as a place for servicing the brokerage’s customers via phone operations. Other back office functions were also intended to be stationed there. The brokerage subsequently underwent many upheavals due to market and other conditions.

Real estate firm Cushman & Wakefield is overseeing marketing for the sale of the Hopewell property. A representative declined to comment on the process.

However, the New Jersey property may fetch about $400 million, making it the biggest office sale ever in the state, Real Estate Alert said yesterday, attributing its information to “market players.”

A deal at $400 million would exceed the $377.5 million paid in October by a partnership including Seattle-based Bentall Kennedy LP for the 36-story, 1.1 million-square-foot Newport Tower in Jersey City. That was the highest price on record for a New Jersey office property, said Dan Fasulo, managing director for Real Capital Analytics Inc., a New York research firm that tracks commercial property sales.

A Bank of American spokesperson revealed in February that the bank was considering selling all of its offices — with the exception of its headquarters in North Carolina and New York City — in order to cut up to $8 billion in annual expenses.

In March, the bank sold its property at 100 Federal St. in Boston for $615 million. Bank of America agreed to sell the Hearst Tower in Charlotte, N.C., to Parkway Properties for more than $250 million, it was reported earlier this month.

“The company continues to sell non-core business units and assets that don’t support its strategy,” a statement from the bank said, “thereby strengthening the balance sheet, and improving capital and liquidity.”

Bloomberg News contributed to this report.

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