Northeast Archives - REBusinessOnline

Equus Capital Partners Acquires 300,075 SF Industrial Development in Shrewsbury, Massachusetts

Taylor Williams — Fri, 09 Oct 2026 16:21:10 +0000

SHREWSBURY, MASS. — Philadelphia-based investment firm Equus Capital Partners has acquired Centech Park North, a 300,075-square-foot industrial development in Shrewsbury, located just outside of Worcester. Developed by NorthBridge Partners and completed in 2023, Centech Park North comprises two buildings totaling 195,975 and 103,500 square feet. The buildings feature clear heights of 36 feet and a combined 64 dock-high doors and four drive-in doors. The park was fully leased at the time of sale to tenants in industries such as life sciences, advanced manufacturing and commercial services. The sales price was not disclosed.

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Lansing Melbourne Recapitalizes 156-Unit Multifamily Property in Nashua, New Hampshire

Taylor Williams — Fri, 09 Oct 2026 16:04:01 +0000

NASHUA, N.H. —Lansing Melbourne Group, a North Carolina-based owner-operator, has recapitalized The Flats on High Street, a 156-unit multifamily property in the southern New Hampshire city of Nashua, via an equity investment from a subsidiary of Dallas-based Leon Capital Group. The amount was not disclosed, but Leon Capital provided the funds in conjunction with another equity investment in a student housing property in Binghamton. Combined, the two equity investments roughly $19 million. The Flats on High Street is located in the city’s downtown area and offers studio, one- and two-bedroom floor plans. Amenities include outdoor grilling areas, a pet spa, resident lounge, outdoor gaming area and a business center.

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CBRE Brokers Sale of 133,717 SF Shopping Center in Bartonsville, Pennsylvania

Taylor Williams — Fri, 09 Oct 2026 15:26:26 +0000

BARTONSVILLE, PA. — CBRE has brokered the sale of Shops at Crossroads, a 133,717-square-foot shopping center in Bartonsville, located roughly midway between Allentown and Scranton in Eastern Pennsylvania. Grocer GIANT anchors Shops at Crossroads, which was built in 2009 and is also home to tenants such as Visionworks, Red Lobster, Jersey Mike’s and CosmoProf. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Northmarq Arranges $15M Loan for Refinancing of Queens Shopping Center

Taylor Williams — Fri, 09 Oct 2026 15:22:41 +0000

NEW YORK CITY — Northmarq has arranged a $15 million loan for the refinancing of the 34,949-square-foot Atlantic Plaza Shopping Center in Queens. The center, which is located in the borough’s Ozone Park neighborhood, was built in 1984 and is home to tenants such as Bravo Supermarkets, Lenox Hill Radiology, Four Leaf Federal Credit Union and Dunkin’. Robert Delitsky and Keith Braddish of Northmarq arranged the loan through an undisclosed commercial bank on behalf of the owner, Schuckman Realty Inc.

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Walker & Dunlop Arranges $60M Loan for Refinancing of Mixed-Use Campus in Tinton Falls, New Jersey

Taylor Williams — Thu, 08 Oct 2026 14:48:35 +0000

TINTON FALLS, N.J. — Walker & Dunlop has arranged a $60 million bridge loan for the refinancing of Bell Works Fort Monmouth, a mixed-use campus in the Northern New Jersey community of Tinton Falls. Bell Works Fort Monmouth is a 276,900-square-foot redevelopment of the former headquarters facility of cybersecurity firm CommVault. The borrower and lead developer, Inspired by Somerset Development, purchased the site in early 2025 and is repositioning the campus to feature office space, retail and restaurant space, coworking facilities and community-focused amenities. Dustin Stolly, Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the loan through Hudson Bay Capital on behalf of Inspired by Somerset, which has partnered with H.I.G. Realty Partners on the project.

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Endurance, Long Wharf Buy 110,883 SF Industrial Portfolio in Bensalem, Pennsylvania

Taylor Williams — Thu, 08 Oct 2026 14:40:04 +0000

BENSALEM, PA. — A partnership between affiliates of regional owner-operator Endurance Real Estate and Boston-based Long Wharf Capital has purchased a portfolio of two industrial building totaling 110,883 square feet in Bensalem, a northern suburb of Philadelphia. The building at 3366 Marshall Lane totals 69,945 square feet and features a clear height of 21 to 29 feet. The building at 3350 Progress Drive totals 40,888 square feet and features a clear height of 18.5 feet. Pat Gilmore and Mike Borski of The Flynn Co. represented the undisclosed seller in the transaction. Endurance plans to implement capital improvements within the portfolio and has tapped Avison Young as the leasing agent.

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Marcus & Millichap Brokers $4.7M Sale of Retail Center in Flemington, New Jersey

Taylor Williams — Thu, 08 Oct 2026 14:33:17 +0000

FLEMINGTON, N.J. — Marcus & Millichap has brokered the $4.7 million sale of Hunterdon Commons, a 57,935-square-foot retail center in the Northern New Jersey community of Flemington. The center was built on 5.9 acres in 1989 (renovated in 2017) and was 97 percent leased to 13 tenants at the time of sale. Brent Hyldahl and Alan Cafiero of Marcus & Millichap represented the seller, a family office, in the transaction and procured the undisclosed buyer.

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BRUNT Workwear Signs 56,000 SF Lease at Mixed-Use Property in Wilmington, Massachusetts

Taylor Williams — Thu, 08 Oct 2026 14:29:18 +0000

WILMINGTON, MASS. — BRUNT Workwear has signed a 56,000-square-foot lease in the northern Boston suburb of Wilmington. The space is located within the property at 299- 301 Ballardvale St., which can support industrial, office and life sciences uses, and will serve as the apparel retailer’s new headquarters. Brian McKenzie and Christian Vallis of CBRE represented the landlord, a partnership between Camber Development and GEM Realty Capital, in the lease negotiations. Derek Losi and Nathaniel Heilbron of Cresa represented the tenant.

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Ariel Property Advisors Negotiates $45M Sale of Upper Manhattan Affordable Housing Portfolio

Taylor Williams — Wed, 07 Oct 2026 14:34:45 +0000

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $45 million sale of Hudson View II and III, a four-building affordable housing portfolio in Upper Manhattan. The building are located at 520 W. 145th St., 528 W. 145th St., 1704 Amsterdam Ave. and 502-504 W. 145th St. and comprise 129 Section 8 residential units and 11 retail spaces. Victor Sozio, Shimon Shkury and Remi Mandell of Ariel represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

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Galvanize Real Estate Acquires 360,000 SF Industrial Portfolio in Boston

Taylor Williams — Wed, 07 Oct 2026 14:24:26 +0000

BOSTON — Galvanize Real Estate, the sustainable real estate arm of global asset manager Galvanize, has acquired a portfolio of three industrial buildings totaling 360,000 square feet in Boston. Known as the Liberty Logistics Portfolio, the buildings are located in the Metro West and Metro South submarkets. Specific addresses were not disclosed. Galvanize plans to retrofit the buildings with various sustainability features to reduce the portfolio’s total carbon emissions by 104 percent. The seller and sales price were not disclosed.

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Marcus & Millichap Brokers $5.3M Sale of Shopping Center in Waterloo, New York

Taylor Williams — Wed, 07 Oct 2026 14:11:45 +0000

WATERLOO, N.Y. — Marcus & Millichap has brokered the $5.3 million sale of Tops Plaza at Seneca Falls, a 122,799-square-foot shopping center in Waterloo, about 40 miles west of Syracuse. Built on 34 acres in 1960, the center comprises 12 units and was fully leased at the time of sale. Tenants include Tops Market and AutoZone. Joseph French and Kodi Traver of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Department of War Signs 23,600 SF Office Lease in Carle Place, New York

Taylor Williams — Wed, 07 Oct 2026 14:08:04 +0000

CARLE PLACE, N.Y. — The U.S. Department of War has signed a 10-year, 23,600-square-foot office lease in Carle Place, located on Long Island. The space is located within the 320,000-square-foot, newly repositioned building at 1 Old Country Road, and the federal cabinet plans to take occupancy early next year. Kelly Koukou of Lee & Associates represented the landlord, DBD Realty Group, in the lease negotiations. Ralph Guiffre, Vince Lamatta and Richard Freel of CBRE represented the tenant.

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Tishman Speyer Returns to Manhattan’s Chrysler Building With 150-Year Ground Lease, $235M Investment

John Nelson — Wed, 07 Oct 2026 12:00:00 +0000

NEW YORK CITY — Tishman Speyer has entered into a 150-year ground lease agreement for the Chrysler Building, with plans to invest $235 million in restorations to the landmark Manhattan office tower at 405 Lexington Ave. New York City-based Tishman Speyer is joined in the transaction by multiple global institutional partners, with the Public Sector Pension Investment Board (PSP Investments) serving as lead investor. Ground-rent fees, which have not been disclosed, will be paid to the landowner, The Cooper Union for the Advancement of Science and Art, a private college in New York’s East Village. Opening in 1930, the 1.3 million-square-foot, 77-story tower was built to house the Chrysler Corp. and features decorative elements inspired by automobile parts, including eagle gargoyles modeled after the hood ornament on the 1929 Plymouth. Tishman Speyer and its partners will use 100 percent equity to finance the ground lease and redevelopment. Plans call for new amenities on the 61st floor featuring a lounge with outdoor access and food-and-beverage offerings. Fitness, wellness and meeting spaces will be situated in the building’s underground arcade, which connects to Grand Central Terminal and Manhattan’s subway system. The renovation investment will also cover restoration of the façade and the…

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Related Cos. Underway on $38M Renovation of Affordable Housing Community in Salem, Massachusetts

Taylor Williams — Tue, 06 Oct 2026 13:38:50 +0000

SALEM, MASS. — Related Cos. is underway on the $38 million renovation of Loring Towers, a 250-unit affordable housing community located north of Boston in Salem that was built in 1974. Interior upgrades will cover floors, kitchen appliances and countertops and bathroom tubs, sinks and vanities. Related will also upgrade the lobby, community room and management office, repave the parking lot and add a carport structure. Lastly, ownership will replace the building’s roof and plumbing systems, enhance the security and HVAC systems, update the windows and elevators and install a basketball court and a new children’s playground. The renovations, which are expected to be complete in 2028, serve to preserve the property’s affordability status through 2056.

Northmarq Provides $22.8M Agency Acquisition Loan for Metro Boston Affordable Housing Complex

Taylor Williams — Tue, 06 Oct 2026 13:25:27 +0000

LAWRENCE, MASS. — Northmarq has provided a $22.8 million Fannie Mae acquisition loan for Elora Flats & Townhomes, a 104-unit affordable housing complex in Lawrence, a northern suburb of Boston. Built in 2009, Elora Flats & Townhomes comprises six four-story buildings with 48 one-bedroom units, 23 two-bedroom residences and 33 three-bedroom apartments. All units are reserved for households earning 80 percent or less of the area median income. Kevin Sykes, Ed Riekstins and Jeffrey Munoz of Northmarq originated the loan through Fannie Mae’s Delegated Underwriting Service (DUS) program on behalf of the borrower, Arrowpoint Properties.

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Ariel Property Advisors Arranges $11M Sale of Mixed-Use Development Site in Brooklyn

Taylor Williams — Tue, 06 Oct 2026 13:15:04 +0000

NEW YORK CITY — Ariel Property Advisors has arranged the $11 million sale of a mixed-use development site in the Gowanus area of Brooklyn. The transit-served site at 604 Union St. formerly housed the Dinosaur Bar-B-Que restaurant and can support 41,406 square feet of buildable product. Sean Kelly, Stephen Vorvolakos and Nicole Daniggelis of Ariel brokered the deal. The buyer, Zelig Weiss, and seller, Simon Vays, are both local developers and investors.

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JT Magen Completes 15,000 SF Cinema Project in Manhattan’s Chelsea District

Taylor Williams — Tue, 06 Oct 2026 13:02:34 +0000

NEW YORK CITY — National general contractor JT Magen has completed construction of a 15,000-square-foot cinema project in Manhattan’s Chelsea district. Designed by Weiss Architecture, the two-story venue at 131 Eighth Ave. is known as Metro Private Cinema and is a retrofit of a former Duane Read drugstore. The venue features 20 individual private movie suites that can each accommodate between four to 20 viewers, as well as a full kitchen and bar.

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Walker & Dunlop Arranges $170.5M Loan for Refinancing of Harlem Apartment Community

Taylor Williams — Mon, 05 Oct 2026 13:24:09 +0000

NEW YORK CITY — Walker & Dunlop has arranged a $170.5 million permanent loan for the refinancing of Lenox Terrace, a 1,696-unit apartment community in Harlem. Opened in 1958, Lenox Terrace primarily offers rent-restricted residences that are housed across six 16-story buildings. Amenities include landscaped green spaces, a dog park and a playground. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno and Cody Ela of Walker & Dunlop arranged the loan through Chase Commercial Bank on behalf of the owner, The Olnick Organization.

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Provident Industrial Underway on 257,040 SF Industrial Project in Limerick, Pennsylvania

Taylor Williams — Mon, 05 Oct 2026 13:20:06 +0000

LIMERICK, PA. — Provident Industrial, a division of Dallas-based development and investment firm Provident, is underway on construction of a 257,040-square-foot industrial project in Limerick, about 35 miles northwest of Philadelphia. Specific building features for the project at 300 Keystone Drive were not disclosed, but the facility will be able to support logistics, advanced manufacturing and/or e-commerce users. Completion is slated for next summer. CBRE is marketing the project for lease.

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Joint Venture Breaks Ground on 144-Unit Seniors Housing Project in Coastal Delaware

Taylor Williams — Mon, 05 Oct 2026 13:17:21 +0000

REHOBOTH BEACH, DEL. — A joint venture between Michigan-based development and investment firm REDICO and operator Ciel Senior Living has broken ground on a 144-unit project in the coastal Delaware community of Rehoboth Beach. Ciel of Rehoboth will offer independent living, assisted living and memory care services in addition to resort-style amenities, social programming and personalized wellness and care services. Completion is slated for 2028.

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