Lincoln Annex School has been transferred from the Board of Education to the private nonprofit urban real estate development company responsible for creating the New Brunswick Performing Arts Center, the high school and many other projects around the city.

The sale to the New Brunswick Development Corporation marks a pivotal step forward in the construction of the state’s first free-standing cancer hospital.

The deed was submitted electronically to the Middlesex County Clerk’s office on Friday, according to Chris Paladino, President of DEVCO, which was designated as the developer of the hospital by the Middlesex County Improvement Authority in August.

Cancer Pavilion Redevelopment Associates LLC, a DEVCO affiliate, will be seeking final site plan approval to construct the 11-story, 520,000 square foot Rutgers Cancer Institute of New Jersey Cancer Pavilion at Monday’s Planning Board meeting.