Sansone Group, Crow Holdings Near Completion of 702,450 SF Industrial Project in Palmyra, New Jersey

PALMYRA, N.J. — A partnership between St. Louis-based Sansone Group and a fund advised by Crow Holdings Capital is nearing completion of Tac Pal Logistics Center, a 702,450-square-foot industrial project located in the Southern New Jersey community of Palmyra. The facility will feature a clear height of 40 feet, 107 loading docks, 240 trailer stalls and 499 car parking spaces. Tac Pal Logistics Center also offers proximity to Route 130, Interstate 95 and the New Jersey Turnpike. Cushman & …

May 26, 2022Development, Industrial, New Jersey, Northeast

JLL Brokers Sale of 488,037 SF West Manchester Town Center in York, Pennsylvania

YORK, PA. — JLL has brokered the sale of West Manchester Town Center, a 488,037-square-foot retail power center that is situated on a 94-acre site in York, located in the southern central part of the state. Built as an enclosed mall in 1981 and renovated into an open-air center in 2014, West Manchester Town Center houses tenants such as Kohl’s, At Home, HomeGoods, Hobby Lobby and Burlington. Chris Munley, Jim Galbally and Colin Behr of JLL represented the seller, Dallas-based ATR Corinth …

May 26, 2022Acquisitions, Northeast, Pennsylvania, Retail

Cronheim Mortgage Arranges $16M Permanent Loan for Northern New Jersey Retail Center

HACKETTSTOWN, N.J. — Cronheim Mortgage has arranged a $16 million permanent loan for Mansfield Commons, a 272,046-square-foot retail center in the Northern New Jersey community of Hackettstown. Built in 1999, Mansfield Commons houses a 123,519-square-foot Walmart an 88,830-square-foot Kohl’s and a 21,674-square-foot Marshalls, as well as Harbor Freight Tools, Jersey Mike’s Subs and Dunkin’. Occupancy was 97 percent at the time of the loan closing. Dev Morris, David Poncia, Allison …

May 26, 2022Acquisitions, New Jersey, Northeast, Retail

Costco Opens 183,000 SF Warehouse, Distribution Center Near Port of Newark

NEWARK, N.J. — Wholesale discount merchandiser Costco has opened a 183,000-square-foot warehouse and distribution center roughly two miles from the Port of Newark. The facility sits on 12.6 acres and features a clear height of 40 feet, 36 exterior docks, 83 trailer parking spaces and 168 car parking spaces. RC Anderson served as the general contractor for the project, which was developed on a speculative basis by Illinois-based CenterPoint

May 26, 2022Development, Industrial, New Jersey, Northeast

Cohen Asset Management Buys 84,140 SF Logistics Facility in Melville, New York

MELVILLE, N.Y. — Southern California-based investment firm Cohen Asset Management has purchased an 84,140-square-foot logistics facility located in the Long Island community of Melville. The property, which sits on 6.9 acres, was fully leased to Estee Lauder and two other tenants at the time of sale. Building features include a clear height of 22 feet and parking for 250 vehicles. The seller and sales price were not

May 26, 2022Acquisitions, Industrial, New York, Northeast

Small Balance Multifamily Mortgage Lending Approach Requires Education, Tech, Creativity in Structuring Loans

Capitalizing on a changing marketplace and employing technology to streamline processes are essential strategies in helping small balance clients meet their goals. Ana Ramos, managing director and regional production head at Walker & Dunlop, emphasizes the importance of speed, creativity and using technology to assist in mortgage lending processes.She also emphasizes the centrality of teamwork, company ethos and technology to put a big emphasis on small balance loans. Walker & …

May 26, 2022Content Partner, Features, Loans, Midwest, Multifamily, Northeast, Southeast, Texas, Walker & Dunlop, Western

Cushman & Wakefield Arranges $293.5M Sale of Multifamily Portfolio in Norwalk, Connecticut

NORWALK, CONN. — Cushman & Wakefield has arranged the $293.5 million sale of The Norwalk Collection, a 662-unit multifamily portfolio located in the southern coastal Connecticut city of Norwalk. The Norwalk Collection comprises three buildings totaling 334 two-bedroom units and 328 one-bedroom units. Amenities include a pool, sundeck, fitness center, roof deck and tenant lounges. The properties also house approximately 68,000 square feet of retail space and 789 parking spots. Adam Spies, …

May 25, 2022Acquisitions, Connecticut, Multifamily, Northeast

Lincoln Equities Breaks Ground on 332,640 SF Spec Industrial Project in Bayonne, New Jersey

BAYONNE, N.J. — Locally based developer Lincoln Equities Group has broken ground on Lincoln Logistics Bayonne, a 332,640-square-foot speculative industrial project in Northern New Jersey. The facility will be situated on a 24-acre tract within a 153-acre waterfront site at which an 886,256-square-foot UPS shipping hub is currently under construction. Lincoln Logistics Bayonne will feature five acres of parking space that can support 195 trailers and 225 cars, or 45 trailers and 800 cars. …

May 25, 2022Development, Industrial, New Jersey, Northeast

DH Property Holdings to Develop 94,095 SF Industrial Facility in Malden, Massachusetts

MALDEN, MASS. — Manhattan-based DH Property Holdings will develop a 94,095-square-foot industrial facility in Malden, a northern suburb of Boston. DH Property will develop the facility, which will feature a clear height of 32 feet and parking for 197 vehicles, in a joint venture with Pugh Management. Brian Pinch, Tony Coskren, Ed Jarosz, Rick Schuhwerk, Matt Pullen, Samantha Hallowell and Jim Tribble of Newmark brokered the sale of the five-acre site on which the project will be built. …

May 25, 2022Acquisitions, Development, Industrial, Massachusetts, Northeast

Wellington Management Signs 71,000 SF Office Lease at 799 Broadway in Manhattan

NEW YORK CITY — Financial services firm Wellington Management has signed a 71,000-square-foot office lease at 799 Broadway, a 182,000-square-foot building located at the convergence of Manhattan’s Greenwich Village and Union Square areas. The lease term is 16.5 years. Steven Rotter, Randy Abend, Gabrielle Harvey, Brendan Callahan and Lauren Calandriello of JLL represented Wellington in the lease negotiations. Mitchell Konsker, Ben Bass and Sam Seiler, also with JLL, represented the …

May 25, 2022Leasing Activity, New York, Northeast, Office

Sansone Group, Crow Holdings Near Completion of 702,450 SF Industrial Project in Palmyra, New Jersey

JLL Brokers Sale of 488,037 SF West Manchester Town Center in York, Pennsylvania

Cronheim Mortgage Arranges $16M Permanent Loan for Northern New Jersey Retail Center

Costco Opens 183,000 SF Warehouse, Distribution Center Near Port of Newark

Cohen Asset Management Buys 84,140 SF Logistics Facility in Melville, New York

Small Balance Multifamily Mortgage Lending Approach Requires Education, Tech, Creativity in Structuring Loans

Cushman & Wakefield Arranges $293.5M Sale of Multifamily Portfolio in Norwalk, Connecticut

Lincoln Equities Breaks Ground on 332,640 SF Spec Industrial Project in Bayonne, New Jersey

DH Property Holdings to Develop 94,095 SF Industrial Facility in Malden, Massachusetts

Wellington Management Signs 71,000 SF Office Lease at 799 Broadway in Manhattan

Recent Features

Small Balance Multifamily Mortgage Lending Approach Requires Education, Tech, Creativity in Structuring Loans

Rising Interest Rates and Inflation to Fuel Change in Property Markets

Build-to-Rent Planning and Entitlements: How to Avoid Challenges

Student Housing is Growing on Institutional Investors’ Radars, Say InterFace Panelists

Retail Real Estate is All About Creating the ‘Place to Be’

Recent Market Reports

Retail, Industrial Brokers in Wichita Market Remain Busy

Residential Development Nears Cyclical Peak Across RGV Markets

Atlanta Multifamily Sales Market Downshifts from ‘White Hot’ to ‘Hot’

Mixed-Use Owners in Northeast Face Retail Tenancy Dilemma

Office Designs, Layouts Look Different in Post-Pandemic Marketplace

Finance Insight 2022

Factors Compressing Affordable Housing Pipeline in 2021 Likely to Resolve in 2022

Web-Based Appraisal Tool Supports Massive Increase in Demand for Multifamily Valuations

Multifamily Investment to Expand into Secondary, Tertiary Markets in 2022

Multifamily Financing Outlook Positive Despite Volatility, Interest Rates

Growth of Affordable Housing Delayed by Approval Process Slowdowns, Supply Chain

Web-Based Multifamily Valuation Enhances Speed, Builds Better Predictions

Investment, Financing in Seniors Housing Driven by Property Performance

Read the Digital Editions