REBusinessOnline

Keeler Markwood to Develop Medical Office Building in White Plains, New York

WHITE PLAINS, N.Y. — Locally based developer Keeler Markwood Group will build a new medical office building in downtown White Plains, about 25 miles north of Manhattan. The building will be situated in close proximity to White Plains Hospital and its future outpatient care facility. JLL will handle leasing of the property, which is expected to be complete in 2023. A groundbreaking date has not yet been

Colliers Arranges $19.5M Sale of Two Industrial Assets in Hamilton, New Jersey

HAMILTON, N.J. — Colliers International has arranged the $19.5 million sale of 5 and 8 Commerce Way, two industrial properties in Hamilton that encompass more than 120,000 square feet. The buildings, which were 95 percent occupied at the time of sale, feature 28-foot clear heights, loading docks and drive-in options. Jacklene Chesler, Matthew Brown and Frank Summers of Colliers represented the buyer and seller, both of which requested anonymity, in the

AMS Acquisitions Begins Leasing 70,072 SF Office Building in Yonkers

YONKERS, N.Y. — AMS Acquisitions has begun leasing 86 Main, a 70,072-square-foot, newly renovated office building in downtown Yonkers. The Class A, six-story building offers amenities such as a fitness center and a rooftop deck. Leasing starts at $24 per square foot and goes up to $40 per square foot. Space can be leased from five to 15 years. The building was originally built for Homes for America in 2005. AMS Acquisitions purchased the asset for $9.5 million in January 2018 from Madison …

PCD Capital, Saber Real Estate to Develop 421-Unit Apartment Project in New Jersey

BOGOTA, N.J. — A subsidiary of New Jersey-based PCD Capital LLC and New York-based Saber Real Estate Advisors LLC will develop a 421-unit multifamily project in Bogota, located across the Hudson River from Harlem. The property will be situated on 13 acres and feature an 8,000-square-foot clubhouse with a fitness center and media room, as well as outdoor amenities such as a pool, dog park and outdoor grilling area. The building will also house 8,000 square feet of retail space. M&T Bank …

Colliers Brokers $3.5M Sale of New Jersey Office Building

PARSIPPANY, N.J. — Colliers International has brokered the $3.5 million sale of a multi-tenant office building located at 140 Littleton Road in Parsippany, located west of Newark. Constructed in the mid-1980s, the building spans 30,459 square feet and is leased to companies in the finance, technology and medical sectors. Jacklene Chesler, Matthew Brown, Frank Summers of Colliers represented the buyer and the seller, both of which requested anonymity, in the transaction. The property was 95 …

CBRE Arranges Sale of 187,569 SF Light Industrial Portfolio in Moorestown, New Jersey

MOORESTOWN, N.J. — CBRE has arranged the sale of 550 Glen Avenue and 600 Glen Court, a 187,569-square-foot light industrial portfolio in Moorestown, located east of Philadelphia across the Delaware River. The two properties were built in the late 1970s and include warehousing and distribution capacities. The buildings’ location near I-295 and the New Jersey Turnpike puts them in close proximity to both the Philadelphia and New York City areas. Michael Hines, Brad Ruppel and Brian Fiumara of …

Newmark Knight Frank Negotiates $32M Sale of Office, R&D Building in New Jersey

EATONTON, N.J. — Newmark Knight Frank (NKF) has negotiated the $32 million sale of a commercial property located at 250 Industrial Way in the eastern New Jersey city of Eatonton. The property houses 138,163 square feet of office and research-and-development space. The property was fully leased at the time of sale to communications systems supplier SubCom on a triple-net basis through 2024. Steven Schultz, Tony Georgiev, Adam Silver and Ben Greazel of NKF represented the seller in the …

JLL Negotiates Sale of 373,420 SF Office Building in Paramus, New Jersey

PARAMUS, N.J. — JLL has negotiated the sale of a 373,420-square-foot office building located at 650 From Road in Paramus. Built in 1978, the property is situated on a 12-acre site about 12 miles from Manhattan that also has the potential for future development. The property also houses the headquarters of watchmaker Movado. José Cruz, Kevin O’Hearn, Andrew Scandalios, Stephen Simonelli, Michael Oliver and Mark Mahasky of JLL represented the seller, Mack-Cali Corp., in the transaction. A …

Everest Reinsurance Signs 315,000 SF Office Headquarters Lease in Warren, New Jersey

WARREN, N.J. — Everest Reinsurance Co. has signed a 315,000-square-foot office lease at Warren Corporate Center, a 176-acre development in northern New Jersey. Warren Corporate Center, which consists of five office buildings totaling more than 820,000 square feet, will serve as Everest’s new U.S. headquarters following the Bermuda-based company’s relocation from Liberty Corner, New Jersey. Everest expects to take occupancy of the new space within the next 18 months. Amenities at the …

Homestake Capital, Harvestate Break Ground on 595-Unit Self-Storage Facility in Winslow, New Jersey

WINSLOW, N.J. — A partnership between two New Jersey-based investment firms, Homestake Capital LLC and Harvestate Group LLC, has broken ground on a 595-unit self-storage facility in Winslow, located outside Philadelphia. Extra Space Storage will operate the property, which will span 66,300 net rentable square feet and offer climate-controlled space. Completion is scheduled for January

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