Sunday, July 6, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Northeast

Two-Wall-St-Manchester-NH
New HampshireNortheastOffice

Cushman & Wakefield Facilitates $9.5M Sale of 65,000 SF Office Building in Manchester, New Hampshire

by Amy Works

MANCHESTER, N.H. — Cushman & Wakefield has brokered the sale of an office building located at Two Wall St. in Manchester. The Mental Health Center of Greater Manchester acquired the property from Wall Springs LLC (Brady Sullivan Properties) for $9.5 million. The four-story, 65,000-square-foot office building features a two-story atrium lobby and free visitor parking. In 2016, the buyer entered into a 10-year lease at the property with an option to purchase. At the time of sale, the property was 89 percent leased. Thomas Farrelly, Denis Dancoes and Sue Ann Johnson of Cushman & Wakefield represented the seller, while Mike Reed of Stebbin Commercial Properties represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
MassachusettsNortheastRetail

NAI Hunneman Brokers $2.6M Sale of Former Retail Building in Franklin, Massachusetts

by Amy Works

FRANKLIN, MASS. — NAI Hunneman has arranged the sale of a former retail building located at 750 Union St. in Franklin. 750 Union Street LLC acquired the property from US National Bank Association for $2.6 million. The buyer plans to redevelop the 25,852-square-foot former Boston Sports Club into a medical office building. Ovar Osvold of NAI Hunneman procured the buyer, while Osvold, Cathy Minnerly, Leeanne Rizzo, Ned Halloran and Sean Hannigan, also of NAI Hunneman, represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
515-Mass-Ave-Cambridge-MA
MassachusettsNortheastOffice

NKF Facilitates $30.1M Sale of 46,350 SF Office Building in Cambridge, Massachusetts

by Amy Works

CAMBRIDGE, MASS. — NKF has arranged the sale of an office and retail building located at 515 Massachusetts Ave. in Cambridge. S-BNK Cambridge LLC sold the asset to an undisclosed buyer for $30.1 million, or $649 per square foot. Santander Bank currently fully leases the 46,350-square-foot property. Geoffrey Millerd, Justin Smith, Paul Penman and Christian Brannelly of NKF represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
185-Avenue-B-NYC
LoansMultifamilyNew YorkNortheast

HFF Secures $17M in Financing for Apartment Building in Manhattan’s East Village

by Amy Works

NEW YORK CITY — HFF has arranged $17 million in financing for 185 Avenue B, a newly constructed apartment property in Manhattan’s East Village. An HFF team, led by Steven Klein, secured a 15-year, fixed-rate loan through Allianz Real Estate of America for the undisclosed borrower. Completed in 2016, the seven-story building comprises 40 studio and one-bedroom apartment units featuring nine-foot ceilings, noise-buffering double-paned windows and intercom systems.

Continue Reading
FacebookTwitterLinkedinEmail
Holliday-Towne-Center-Duncansville-PA
NortheastPennsylvaniaRetail

CBRE Arranges Sale of 83,122 SF Shopping Center in Duncansville, Pennsylvania

by Amy Works

DUNCANSVILLE, PA. — CBRE has brokered the sale of Holliday Towne Center, a community shopping center located at 221 Glimcher Drive in Duncansville. RPAI sold the 83,122-square-foot property to Equity Investment Group for an undisclosed price. At the time of sale, the center was 81 percent occupied. Tenants include a 54,322-square-foot Martin’s Food, Dollar Tree, Domino’s Pizza and Holiday Hair. Brad Nathanson, Adam Rosenzweig, Kyle Prawdzik and John Colussi of CBRE represented the seller and identified the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
580-Chelsea-St-Boston
IndustrialLoansMassachusettsNortheastOffice

Valencia Realty Capital Secures $6.5M in Refinancing for Mixed-Use Building in Boston

by Amy Works

BOSTON — Valencia Realty Capital has arranged $6.5 million in refinancing for a two-story, mixed-use building located at 580 Chelsea St. in Boston’s East Boston neighborhood. The 90,000-square-foot property features clear heights as high as 30 feet and is the closest warehouse and office facility to Boston Logan International Airport’s tarmac. Boston-based Valencia Realty secured the financing, which features a 30-year amortization schedule, for the undisclosed borrower.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityMassachusettsNortheast

DoubleTree Suites by Hilton Boston – Cambridge Completes $4M Guest Suite Renovation

by Amy Works

CAMBRIDGE, MASS. — DoubleTree Suites by Hilton Boston – Cambridge has completed a $4 million renovation to the guest suites. The renovation will introduce the brand’s modern suite concept, Urban Bed, to the Boston market. Each of the 170 two-room Urban Bed suites offer travelers a flexible living space with a full-size pull-down bed that can be utilized on demand. Unlike a sofa bed, the Urban Bed does not fold, providing additional guests the same comfort of a standard DoubleTree Suites by Hilton bed. Additionally, the suites feature a microwave, refrigerator and coffeemaker in the living room, as well as a separate bedroom with a king-sized bed. Other renovations include upgrades to the remaining 138 guest rooms, including King Bed guest rooms with balconies, standard two-room King Suites, two-story Loft King Suites and the Presidential Suite. Additionally, the property’s Scullers Jazz Club was renovated to increase its capacity to 200 seats per show.

Continue Reading
FacebookTwitterLinkedinEmail
100-Binney-St-Cambridge-MA
MassachusettsNortheastOffice

Alexandria Real Estate Developing 431,000 SF Office/Laboratory Space in Cambridge, Massachusetts

by Amy Works

CAMBRIDGE, MASS. — Alexandria Real Estate Equities is developing an office and laboratory project at 100 Binney St. in Cambridge. Slated for delivery in the fourth quarter, the property will feature 431,000 rentable square feet of office and laboratory space. The project is 100 percent pre-leased. The tenant roster includes Facebook, Bristol-Myers Squibb Co., Foghorn Therapeutics, Sigilon Therapeutics, Tango Therapeutics and TCR2 Therapeutics. Additionally, the company is pre-leasing for 399 Binney Street, a 164,000-square-foot ground-up development at Alexandria Center at One Kendall Square. Alexandria Real Estate acquired One Kendall Square, a 645,000-square-foot, nine-building life science and technology campus in Cambridge, in 2016.

Continue Reading
FacebookTwitterLinkedinEmail
One-Park-Cliffside-Park-NJ
MultifamilyNew JerseyNortheast

DMG Tops Out 14-Story Multifamily Project in Cliffside Park, New Jersey

by Amy Works

CLIFFSIDE PARK, N.J. — DMG Investments has topped out One Park, a 14-story multifamily project in Cliffside Park. Slated for completion in fall 2018, the development will feature 204 one-, two-, three- and four-bedroom condominiums, starting at $495,000. Designed by Architectura, with interior spaces by VLDG Inc., the residences feature kitchens with chef-caliber appliances, floor-to-ceiling windows, freestanding sculpted tubs and open showers. Additionally, the property will feature 25,000 square feet of indoor and outdoor amenity space, including a 24-hour attended front desk; aquatic center with indoor heated pool; adjoining outdoor sun deck, sauna and steam rooms; furnished roof deck with grilling stations, fire pits, intimate seating areas and an outdoor movie theater; fitness center with Pilates room, squash court, golf simulator, children’s playroom, pet spa and guest suites; and a secure parking garage.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialNew JerseyNortheast

Terreno Realty Acquires Three Industrial Properties in Carlstadt, New Jersey, for $13.5M

by Amy Works

CARLSTADT, N.J. — Terreno Realty Corp. has acquired three adjacent industrial properties in Carlstadt for $13.5 million. Situated on 7.8 acres, the properties consist of two transshipment facilities totaling 43,400 square feet with 77 dock-high and 10 grade-level loading positions. The acquisition included one improved land parcel comprising 1.1 acres at 50 and 100 Kero Road. The properties are 100 percent leased to three tenants, two of which are on a short-term basis. The name of the seller was not released.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts