Northeast Archives - REBusinessOnline

CBRE Arranges $98.2M Sale of Retail Power Center in South Windsor, Connecticut

Taylor Williams — Thu, 19 Mar 2026 13:50:00 +0000

SOUTH WINDSOR, CONN. — CBRE has arranged the $98.2 million sale of The Shops at Evergreen Walk, a 357,742-square-foot retail power center in South Windsor, located just outside of Hartford. Whole Foods Market anchors the center, which is also home to tenants such as lululemon, Golf Lounge 18, J.Crew Factory, Gap Factory, Nike, Bluemercury, L.L. Bean, Apple, Anthropologie, Pottery Barn and Williams-Sonoma. Nat Heald led the CBRE team that represented the seller, PGIM, in the transaction. The buyer was a joint venture between Brand Street Properties and Barings. JLL structured the joint venture and also arranged $76.9 million in acquisition financing through an unnamed international bank for the deal.

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MassDevelopment Provides $27.7M in Bond Financing for Charter School Expansion in Metro Boston

Taylor Williams — Thu, 19 Mar 2026 13:45:00 +0000

PEABODY AND DANVERS, MASS. — MassDevelopment has provided $27.7 million in tax-exempt bond financing for the metro Boston expansion of the Pioneer Charter School of Science. The school used the bond proceeds to purchase adjoining lots in Peabody and Danvers, both of which are located northeast of the state capital, and is now constructing a 53,217-square-foot facility for students in grades kindergarten through eighth. The new facility will have six special education and English Language Learning classrooms, 14 offices, labs, art and music rooms, a gym and a cafeteria. Construction is slated for an August completion. Salem Five purchased the bond.

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Kimco, Bozzuto Complete 131-Unit Multifamily Project in Ardmore, Pennsylvania

Taylor Williams — Thu, 19 Mar 2026 13:35:00 +0000

ARDMORE, PA. — A partnership between Kimco Realty and Bozzuto Development has completed Coulter Place, a 131-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. Designed by JKRP Architects, the five-story building is part of Suburban Square, an open-air shopping center, and houses 20,000 square feet of ground-floor retail space. Units come in one-, two- and three-bedroom floor plans. Amenities include resident lounges, fitness facilities and outdoor gathering areas. Rents start at roughly $3,200 per month for a one-bedroom apartment.

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RSM US Signs 22,340 SF Office Lease in Downtown Philadelphia

Taylor Williams — Thu, 19 Mar 2026 13:30:00 +0000

PHILADELPHIA — RSM US LLP has signed a 22,340-square-foot office lease in downtown Philadelphia. The provider of assurance, tax and consulting services is relocating from 30 South 17th Street to the entire 21st floor at 1735 Market Street, a 54-story, 1.3 million-square-foot tower. Newmark and Cushman & Wakefield co-represented the tenant in the lease negotiations. Keith Cody and Gordon Hough represented the landlord, Silverstein Properties, on an internal basis.

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JLL Arranges $370M Loan for Refinancing of Brooklyn Apartment Complex

Taylor Williams — Wed, 18 Mar 2026 13:55:09 +0000

NEW YORK CITY — JLL has arranged a $370 million bridge loan for the refinancing of Society Brooklyn, a 517-unit apartment complex in the borough’s Gowanus neighborhood. Society Brooklyn comprises 385 market-rate units and 132 affordable housing units, as well as 57,288 square feet of retail and commercial space, across two buildings. Residences are furnished with stainless steel appliances, Caesarstone countertops and individual washers and dryers. Amenities include fitness centers, yoga studios, screening rooms, coworking spaces, rooftop terraces and pool decks with barbecue areas. Christopher Peck, Peter Rotchford and Nicco Lupo of JLL arranged the three-year loan through Brookfield Asset Management. The borrower is a partnership between Property Markets Group and The Carlyle Group.

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CrownPoint Breaks Ground on 854-Unit Self-Storage Facility in South River, New Jersey

Taylor Williams — Wed, 18 Mar 2026 13:50:56 +0000

SOUTH RIVER, N.J. — Locally based developer CrownPoint Group has broken ground on an 854-unit self-storage facility in South River, located roughly midway between Newark and Trenton. The three-story facility at 696 Old Bridge Turnpike will span 105,487 net rentable square feet of climate-controlled space. According to NJ.com, the site formerly housed a car dealership, and the facility will have an average unit size of 90 square feet and will include 15 exterior access units. The local publication also reports that JLL arranged construction financing for the project. ExtraSpace Storage will operate the facility, which is expected to be complete before the end of the year.

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Northmarq Negotiates Sale of 66,682 SF Grocery Store in Worcester, Massachusetts

Taylor Williams — Wed, 18 Mar 2026 13:43:47 +0000

WORCESTER, MASS. — Northmarq has negotiated the sale of a 66,682-square-foot grocery store in the Central Massachusetts city of Worcester. The Worcester Business Journal reports that the sales price was $31 million and that the buyer was an affiliate of Fidelity Investments. Regional grocer Shaw’s has occupied the space at 14 W. Boylston St. since 2004. Josh Dicker and Zach Pool led the Northmarq team that brokered the deal. According to Northmarq, the deal marked the largest single-tenant grocery sale in Massachusetts in 2025.

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Marcus & Millichap Brokers Sale of 33,762 SF Industrial Building in Northeast Philadelphia

Taylor Williams — Wed, 18 Mar 2026 13:39:15 +0000

PHILADELPHIA — Marcus & Millichap has brokered the sale of a 33,762-square-foot industrial building in northeast Philadelphia. Built in 2004 and renovated in 2012, the single-tenant facility at 10049 Sandmeyer Lane features a clear height of 20 feet and was fully leased at the time of sale. Andre Fannin and Brian Higgins of Marcus & Millichap represented the seller and occupant, Dixon-Shane LLC, a subsidiary of Amneal Pharmaceuticals, in the transaction. The buyer was Faropoint.

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TerraPower Isotopes to Invest $450M for Manufacturing Facility at The Bellwether District in Philadelphia

Kristin Harlow — Wed, 18 Mar 2026 12:00:00 +0000

PHILADELPHIA — Nuclear science company TerraPower Isotopes (TPI) has unveiled a $450 million investment plan to establish a radioisotope manufacturing facility in Philadelphia that will support the development of cancer-fighting drugs. The Commonwealth of Pennsylvania is investing $10 million for the project, which is expected to create 225 new full-time jobs over the next three years. TPI will lease a 250,000-square-foot build-to-suit facility within The Bellwether District, a 1,300-acre industrial campus in South Philadelphia that is the redevelopment of the former Philadelphia Energy Solutions refinery. TPI will utilize the flagship East Coast facility to produce actinium-225 for use in the development of cancer treatments. TPI received a funding proposal from the Pennsylvania Department of Community and Economic Development for a $7 million grant through the PA SITES Program, and a $3 million Pennsylvania First grant. The company is also eligible to apply for the department’s Manufacturing Tax Credit and the Qualified Manufacturing and Innovation Reinvestment Deduction programs. According to TPI, the development of an East Coast manufacturing facility, along with expanding capacity in its existing Everett, Wash., facility, will increase production capacity 20-fold of actinium-225. Real estate investment company HRP Group, formerly known as Hilco Redevelopment Partners, is developing The…

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GFP Receives $86.5M Loan for Refinancing of Midtown Manhattan Office Building

Taylor Williams — Tue, 17 Mar 2026 14:02:47 +0000

NEW YORK CITY — Local owner-operator GFP Real Estate has received an $86.5 million loan for the refinancing of 515 Madison Avenue, a 42-story office building in Midtown Manhattan. Originally constructed in 1932, the 350,000-square-foot structure is known locally as the DuMont Building, a name that references the building’s role in the first television broadcasts of Allen DuMont’s experimental station W2XWV in 1938. Today, the building is home to tenants such as Encore Physical Therapy, Longacre Asset Management and GFP Real Estate itself. Paul Talbot of Newmark arranged the 10-year, floating-rate loan, which retires a $120 million loan that was originated in 2012 and had a balance of $81 million, through Apple Bank.

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Agent PHL Arranges $8.4M Sale of Northwest Philadelphia Apartment Building

Taylor Williams — Tue, 17 Mar 2026 13:46:36 +0000

PHILADELPHIA — Local brokerage firm Agent PHL has arranged the $8.4 million sale of Pelham Place, a 36-unit apartment building located in the Mount Airy neighborhood of northwest Philadelphia. The four-story building was completed in 2017 and offers four one-bedroom apartments, 27 two-bedroom units and five three-bedroom residences, as well as two retail spaces. Amenities include a fitness center and a lounge with a wet bar, TVs and games. Ryan McManus and Brandon Ribeiro of Agent PHL brokered the deal. The buyer and seller were not disclosed.

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Hunneman Negotiates 42,060 SF Lease at Flex Building in Wilmington, Massachusetts

Taylor Williams — Tue, 17 Mar 2026 13:42:55 +0000

WILMINGTON, MASS. — Regional brokerage firm Hunneman has negotiated a 42,060-square-foot lease at a flex building in the northern Boston suburb of Wilmington. The tenant is Goddard Technologies, a developer of medical devices and robotics, and the space is located within the 123,000-square-foot building at 205 Lowell Street, which can support both office and lab uses. Chris Curley, Mike Allen and Ken Oppenheim of Hunneman, along with internal agent James McManus, represented the landlord, Howland Development, in the lease negotiations.

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Nortiva Bio Signs 22,881 SF Life Sciences Lease Renewal in Lexington, Massachusetts

Taylor Williams — Tue, 17 Mar 2026 13:29:21 +0000

LEXINGTON, MASS. — Nortiva Bio has signed a 22,881-square-foot life sciences lease renewal in Lexington, located northwest of Boston. The biopharmaceutical company’s space is located on the third floor of 20 Maguire Road, a 101,310-square-foot converted building. Alex Plaisted and Don Domoretsky of CBRE represented the landlord, a partnership between Investcorp and Griffith Properties, in the lease negotiations.

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Partnership Begins Leasing 187-Unit Multifamily Project in Brooklyn

Taylor Williams — Mon, 16 Mar 2026 14:24:38 +0000

NEW YORK CITY — A partnership between Ailanthus, BEB Capital and SK Development has begun leasing One Sunset, a 187-unit multifamily project in Brooklyn’s Sunset Park neighborhood. Designed by dencityworks | architecture with interiors by Alchemy Studio, the 14-story building offers one-, two- and three-bedroom floor plans, with 46 units reserved as affordable housing. Amenities include a fitness center, game/media room, coworking lounge, private dining/entertainment areas and a rooftop terrace. Corcoran New Development is leading the residential leasing efforts. Rents start at roughly $3,200 per month for a one-bedroom apartment.

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Emerson Hospitality Underway on Hotel Redevelopment Project in Esopus, New York

Taylor Williams — Mon, 16 Mar 2026 14:18:01 +0000

ESOPUS, N.Y. — Emerson Hospitality is underway on a hotel redevelopment project in Esopus, located roughly midway between New York City and Albany. The project will convert Black Creek Barns, a historic 153-acre estate, into a 70-room hotel and resort via the restoration of six historic structures and construction of new cabins and suites. Amenities will include a 7,000-square-foot indoor event hall, a 9,000-square-foot craft and design hall, a pool, wellness center and two dining venues. Institutional Property Advisors, a division of Marcus & Millichap, arranged $38 million in construction financing, including $19 million in C-PACE debt, for the project, which is slated for a late-2027 completion.

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Newmark Brokers Sale of 32,400 SF Office, Retail Building in Manhattan’s SoHo District

Taylor Williams — Mon, 16 Mar 2026 14:13:17 +0000

NEW YORK CITY — Newmark has brokered the sale of a 32,400-square-foot office and retail building in Manhattan’s SoHo district. The landmark five-story building at 61–63 Crosby St. was fully leased at the time of sale to office users such as Comcast Ventures, Aptos Labs and SISTER Group. Patagonia’s New York City flagship store anchors the building’s retail component. The buyer was local investment firm Vertex, and the seller was undisclosed. Adam Spies, Adam Doneger, Josh King, Marcella Fasulo and Meaghan Philbin of Newmark brokered the deal.

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Convatec Signs 24,572 SF Life Sciences Lease Expansion, Extension in Lexington, Massachusetts

Taylor Williams — Mon, 16 Mar 2026 14:08:28 +0000

LEXINGTON, MASS. — Convatec has signed a life sciences lease expansion and extension in Lexington, located northwest of Boston. The medical products and technology company now occupies 24,572 square feet on the second floor of 20 Maguire Road, a 101,310-square-foot converted building. Alex Plaisted and Don Domoretsky of CBRE represented the landlord, a partnership between Investcorp and Griffith Properties, in the lease negotiations.

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BLDG Management Begins Leasing 70-Story Apartment Tower in Queens

Taylor Williams — Fri, 13 Mar 2026 14:55:10 +0000

NEW YORK CITY — BLDG Management Co. has begun leasing The Orchard, a 70-story apartment tower located in the Long Island City neighborhood of Queens. The Orchard houses 824 units, including 576 market-rate apartments, 248 affordable housing units and a penthouse with a rooftop deck, as well as 13,000 square feet of above-grade retail space. The development also features 100,000 square feet of amenity space. Specific amenities include a fitness center, indoor and outdoor pools, a spa with a steam room and sauna, basketball court, multi-sport simulator, lounge areas, a children’s playroom, game room, movie screening rooms, work pods, a dog spa and a package room with refrigerated storage. The Orchard also features a “backyard” with an apple orchard, three pickleball courts, an outdoor screening area. Perkins Eastman designed The Orchard, and Triton Construction served as the general contractor. Construction began in summer 2023, and the first move-ins are now underway. Monthly rents start in the mid-$3000s for a one-bedroom apartment.

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GFI Realty Arranges $38M Sale of Manhattan Commercial Development Site

Taylor Williams — Fri, 13 Mar 2026 14:44:03 +0000

NEW YORK CITY — Local brokerage firm GFI Realty has arranged the $38 million sale of a commercial development site in Manhattan’s Kips Bay neighborhood. The site is an assemblage of parcels at 563–571 Second Ave. and 247–251 East 31st St., which can collectively support 88,000 square feet of buildable product. The Marchi Family sold the acreage to Empire Development. Leah Balkany and Michael Weiser of GFI Realty brokered the deal.

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Whole Foods Debuts 42,000 SF Store in Cheshire, Connecticut

Taylor Williams — Fri, 13 Mar 2026 14:40:55 +0000

CHESHIRE, CONN. — Whole Foods Market has debuted a 42,000-square-foot store in Cheshire, located roughly midway between Hartford and New Haven. The store features full-service meat and seafood counters, a bakery, prepared foods section, wellness and beauty section and a selection of more than 200 craft beers. A grand opening ceremony took place on Thursday, Feb. 5.

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