Northeast Archives - REBusinessOnline

Chobani Agrees to Buy Former Keurig Dr. Pepper Manufacturing Facility in Allentown, Pennsylvania for $125M

Taylor Williams — Tue, 01 Sep 2026 14:07:35 +0000

ALLENTOWN, PA. — Chobani has entered into an agreement to acquire the former manufacturing facility of Keurig Dr. Pepper in the Lehigh Valley city of Allentown, including the lease, equipment and operations, for $125 million. Keurig Dr. Pepper first opened the 1.5 million-square-foot facility in 2021, and the announcement coincides with Keurig Dr. Pepper agreeing to sell its full equity stake in Chobani back to the company for $800 million. Both of those transactions are expected to close in the third quarter. Chobani’s acquisition of the facility comes as part of a larger capital investment in the Lehigh Valley that is valued at 1.2 billion and expected to add about 900 new jobs to the local economy. The provider of dairy products plans to add up to 10 new production lines and says that the new facility will give the company “the capacity to scale new products while continuing to develop new formats and food-and-beverage platforms.”

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Partnership Completes 300-Unit Apartment Complex in Livingston, New Jersey

Taylor Williams — Tue, 01 Sep 2026 14:05:42 +0000

LIVINGSTON, N.J. — A partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties has completed Canterly Place, a 300-unit apartment complex in the Northern New Jersey community of Livingston. Canterly Place offers one-, two- and three-bedroom units, 20 percent (60) of which are designated as affordable housing. Amenities include a pool, coworking spaces, a coffee house, clubroom, private dining room, library, fitness center, game lounge, golf simulator, outdoor grilling and dining stations, a courtyard, playground and a dog park. Lessard Design served as the project architect, with Mary Cook Associates handling interior design. Rents start at $2,765 per month for a one-bedroom apartment.

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Connell Co. Begins Leasing 179-Unit Apartment Building in Berkeley Heights, New Jersey

Taylor Williams — Tue, 01 Sep 2026 13:58:05 +0000

BERKELEY HEIGHTS, N.J. — Locally based developer The Connell Co. has begun leasing RT500, a 179-unit apartment building located within The Park, a 185-acre mixed-use development in the Northern New Jersey community of Berkeley Heights. Minno & Wasko Architects and Planners, in collaboration with David M. Sullivan Inc., designed the 11-story building, which is one of two buildings at The Park under Connell’s Round Table (RT) Residences brand. Units come in studio, one-, two- and three-bedroom floor plans, and amenities include an outdoor pool, entertainment lounge, game room, fitness center and coworking space. Construction topped out last summer. Rents start at roughly $2,600 per month for a studio apartment.

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Veeva Signs 62,223 SF Office Lease at The PENN District in Midtown Manhattan

Taylor Williams — Tue, 01 Sep 2026 13:47:53 +0000

NEW YORK CITY — Veeva has signed a 62,223-square-foot office lease at The PENN District, a two-building, 4.4 million-square-foot development in Midtown Manhattan. The provider of cloud software, AI, data and consulting services for the life sciences industry will occupy the entire 11th floor of PENN 2 on a 12-year lease. Jim Wenk and Kirill Azovtsev of Savills represented Veeva in the lease negotiations. The landlord, Vornado Realty Trust, was self-represented.

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Condyne Capital Receives Approval for Office-to-Residential Conversion Project in Windsor, Connecticut

Taylor Williams — Mon, 31 Aug 2026 13:20:02 +0000

WINDSOR, CONN. — Metro Boston-based developer Condyne Capital Partners has received approval for an office-to-residential conversion project in Windsor, located north of Hartford. Designed by Maugel Destefano Architects, the project will transform the 99,480-square-foot building at 500 Day Hill Road, which formerly housed the operations of commercial printing and packaging company Konica Minolta, into a 300-unit apartment community. The new apartment community will offer studio, one- and two-bedroom units. Amenities will include a pool, fitness center, pickleball court, multi-purpose court, dog park and outdoor grilling and dining areas. Construction is scheduled to begin this fall.

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JLL Provides $69.5M Agency Loan for Refinancing of Manhattan Apartment Building

Taylor Williams — Mon, 31 Aug 2026 13:01:58 +0000

NEW YORK CITY — JLL has provided a $69.5 million Freddie Mac loan for the refinancing of 100 Jane, a 148-unit apartment building in Manhattan’s West Village. Constructed in 1996, the nine-story building comprises 117 market-rate units, 30 affordable housing units and one superintendent unit. The property was fully occupied at the time of the loan closing. According to Apartments.com, 100 Jane exclusively offers studio floor plans. Amenities include a fitness center, sundeck and onsite laundry facilities. Geoff Goldstein, Steven Klein and Michael Shmuely of JLL originated the 10-year, fixed-rate loan on behalf of the borrower, Rockrose Development.

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Olmstead, Vertex Buy 302,000 SF Office Building in Midtown Manhattan

Taylor Williams — Mon, 31 Aug 2026 12:47:50 +0000

NEW YORK CITY — A partnership between two locally based owner-operators, Olmstead Properties and Vertex, has purchased 19 West 44th Street, a 302,000-square-foot office building in Midtown Manhattan. The 18-story building was 79 percent leased at the time of sale and recently received capital improvements to building systems, common areas and prebuilt suites. Tenants include Yipit, HARMAN International, Robert Derector, Corporate Service Corp., EOS Products and Bitwise. Will Silverman of Eastdil Secured Savills represented the seller, Savanna, in the transaction. Derby Lane Capital provided acquisition financing for the deal.

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Ameriprise Financial Signs 37,704 SF Office Lease Renewal in Lower Manhattan

Taylor Williams — Mon, 31 Aug 2026 12:38:55 +0000

NEW YORK CITY — Ameriprise Financial Inc. has signed a 37,704-square-foot office lease renewal in Lower Manhattan. The financial advisory firm will keep its space on the 78th floor of One World Trade Center, where it has been a tenant since 2016, for another decade. Josh Kurlioff, Drew Braver, Heather Thomas and Nicole Estevez of Cushman & Wakefield represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides of Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed the property in partnership with the Port Authority of New York & New Jersey.

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JLL Arranges $39M Loan for Refinancing of Active Adult Complex in Worcester, Massachusetts

Taylor Williams — Fri, 28 Aug 2026 14:30:00 +0000

WORCESTER, MASS. — JLL has arranged a $39 million bridge loan for the refinancing of The Arbella at Bramble Hill, a 123-unit active adult complex in the central Massachusetts city of Worcester. The newly built, 17.3-acre complex offers 57 one-bedroom and 66 two-bedroom apartments with an average size of 1,049 square feet that are housed across three buildings, as well as an 8,500-square-foot clubhouse. Amenities include a fitness center, wellness spa and salon, indoor pool, bistro, great room, multimedia theater, golf simulator and outdoor grilling and dining stations. Residents also have access to onsite pickleball and bocce courts, a community garden and a dog park. Henry Schaffer and Madeline Joyce of JLL arranged the loan through Eastern Bank on behalf of the owner, The United Group of Cos.

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Atlantic Capital Partners Negotiates $31M Sale of Manhattan Office, Retail Building

Taylor Williams — Fri, 28 Aug 2026 14:20:15 +0000

NEW YORK CITY — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $31 million sale of 893 Broadway, a 25,442-square-foot office and retail building in Manhattan’s Flatiron District. The five-story building was fully leased at the time of sale. Mattress retailer Saatva occupies the lower-level and ground-floor retail spaces, and Chief, a private network for female executives, occupies the office space on floors two through five. Justin Smith, Chris Peterson, Sam Koonce and Danielle Turpin of ACP represented the undisclosed seller in the transaction.

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Marcus & Millichap Brokers $10.3M Sale of Bronx Industrial Building

Taylor Williams — Fri, 28 Aug 2026 14:16:02 +0000

NEW YORK CITY — Marcus & Millichap has brokered the $10.3 million sale of a 9,200-square-foot industrial building in The Bronx. The building at 935 Garrison Ave. is located within a Qualified Opportunity Zone and was fully vacant at the time of sale. According to LoopNet Inc., the building was constructed in 1949 and features a clear height of 16 feet, as well as both dock-high and grade-level doors. Jakub Nowak, Steven Siegel and Michael Maldonado of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

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Frontrunner Bus Group Signs 88,000 SF Industrial Lease in Billerica, Massachusetts

Taylor Williams — Fri, 28 Aug 2026 13:43:59 +0000

BILLERICA, MASS. — Frontrunner Bus Group has signed an 88,000-square-foot industrial lease in Billerica, a northern suburb of Boston. The provider of bussing services plans to relocate its headquarters to the 136,421-square-foot building at 23 Esquire Road, which includes 20,000 square feet of office space. Newmark represented the tenant in the lease negotiations. Dan Driscoll, Greg Klemmer, Tim Brodigan, Anne Coe and Will Torrence of Colliers represented the landlord, a partnership between two local real estate companies, Marcus Partners and Rhino Capital Advisors.

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Partnership Breaks Ground on Mixed-Use Project in North Haledon, New Jersey

Taylor Williams — Thu, 27 Aug 2026 13:49:49 +0000

NORTH HALEDON, N.J. — A partnership between two New Jersey-based groups, Tulfra Real Estate and The Hampshire Cos. has broken ground on High Mountain Promenade, a mixed-use project in the Northern New Jersey community of North Haledon. The development will comprise a 596-unit, 74,715-square-foot (gross) self-storage facility, as well as 90 apartments and 4,400 square feet of retail space. First Bank provided construction financing for the project, which was arranged by JLL. A tentative completion date was not disclosed.

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Boyle Construction Underway on Adaptive Reuse Project in Bethlehem, Pennsylvania

Taylor Williams — Thu, 27 Aug 2026 13:42:48 +0000

BETHLEHEM, PA. — Developer Boyle Construction is underway on an adaptive reuse project in the Lehigh Valley city of Bethlehem. Designed by MKSD Architects, the project will convert the historic former Bethlehem Steel Turn & Grind Shop, a 26,000-square-foot structure that was built in the 1860s, into a mixed-use facility for festivals, private events and community gatherings. The Lehigh Valley Health Network is sponsoring the conversion, and Pennsylvania-based nonprofit organization ArtsQuest will operate the new facility. Completion is slated for next year.

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Kislak Negotiates $9.7M Sale of Apartment Building in Hackensack, New Jersey

Taylor Williams — Thu, 27 Aug 2026 13:23:07 +0000

HACKENSACK, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $9.7 million sale of Royal Court, a 59-unit apartment building located at 5 Pangborn Place in Hackensack. According to Apartments.com, the building offers studio and one-bedroom units. Andrew Scheinerman of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Devli Real Estate Buys 67,000 SF Industrial Flex Building in Upper Saddle River, New Jersey

Taylor Williams — Thu, 27 Aug 2026 13:16:45 +0000

UPPER SADDLE RIVER, N.J. — Locally based investment firm Devli Real Estate has purchased a three-building 67,000-square-foot industrial flex property in Upper Saddle River, located along the New York-New Jersey border. The property sits on a 6.3-acre site at 116-118 State Route 17 N and can also support industrial outdoor storage usage. The seller and sales price were not disclosed.

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Slate Property Group Receives $86.2M Loan for Refinancing of Queens Apartment Complex

Taylor Williams — Wed, 26 Aug 2026 13:14:30 +0000

NEW YORK CITY — Locally based developer Slate Property Group has received an $86.2 million loan for the refinancing of Dutch House, a 186-unit apartment complex located in the Long Island City area of Queens. Designed by Aufgang Architects and completed in 2022, Dutch House features studio, one- and two-bedroom units and 21,000 square feet of ground-floor retail space. Roughly 30 percent (56) of the apartments are earmarked as affordable housing. Amenities include a lobby with concierge service, fitness center, recreation room with a pool table and a rooftop terrace. Aaron Appel, Jonathan Schwartz, Dustin Stolly, Keith Kurland, Adam Schwartz and Sean Bastian of Walker & Dunlop arranged the loan through Ares Capital Management on behalf of Slate, which owns the property in partnership with Avenue Realty Capital. The loan retires 2023 debt issued by Los Angeles-based PCCP.

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JLL Arranges $73.5M Loan for Refinancing of Retail Power Center in McCandless, Pennsylvania

Taylor Williams — Wed, 26 Aug 2026 13:05:23 +0000

MCCANDLESS, PA. — JLL has arranged a $73.5 million loan for the refinancing of a 387,771-square-foot retail power center in McCandless, a northern suburb of Pittsburgh. McCandless Crossing was 99 percent leased at the time of the loan closing, with Lowe’s Home Improvement, T.J. Maxx, Trader Joe’s, HomeGoods and Sierra Trading serving as the anchor tenants. The overall tenant roster has a weighted average remaining lease term of 5.7 years. Nick Unkovic, Claudia Steeb and Zachary Barone of JLL arranged the five-year, fixed-rate loan through Nationwide on behalf of the owner, AdVenture Champion Partners.

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George Comfort & Sons Underway on Renovation of 350,000 SF Office Building in Lower Manhattan

Taylor Williams — Wed, 26 Aug 2026 13:03:44 +0000

NEW YORK CITY — Local owner-operator George Comfort & Sons is underway on the renovation of 44 Wall Street, a 350,000-square-foot office building in Lower Manhattan’s Financial District. Designed by Gensler, the project will feature a reimagined lobby and a new, 13,000-square-foot tenant amenity center with conference facilities and a café, as well as elevated retail space. Renovations are expected to be complete before the end of the year. George Comfort & Sons owns the 24-story building, which was originally constructed in 1927, in partnership with Gaedeke Group.

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Kislak Negotiates $6.1M Sale of Apartment Building in Lodi, New Jersey

Taylor Williams — Wed, 26 Aug 2026 13:01:53 +0000

LODI, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $6.1 million sale of River View, a 28-unit apartment building located at 60 S. Main St. in the Northern New Jersey community of Lodi. According to Apartments.com, the building offers one- and two-bedroom units. Andrew Scheinerman of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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