Friday, July 3, 2026
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Northeast

Leasing ActivityMassachusettsNortheastOffice

CBRE Arranges 135,000 SF of Leases at Office Park in Suburban Boston

by David Cohen

CHELMSFORD, MASS. — On behalf of Tritower Financial Group, CBRE/New England has secured three new office leases totaling 75,659 square feet and one lease renewal for 59,670 square feet at 300 Apollo Drive in Chelmsford. The property is located 34 miles northwest of Boston. Recent transactions include a 29,033-square-foot lease signed by the HCL Corp.; a 23,833-square-foot lease signed by software company By Appointment Only; and a 22,793-square-foot lease signed by US Alliance Federal Credit Union. Axis Communications, an IP networking solutions company, renewed its 59,670-square-foot lease. Tritower Financial, the owner of the property since 2014, recently made significant upgrades to the building’s amenities. The upgrades include a full service café, a game room and a fitness center with Peloton bikes and showers.

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AcquisitionsConnecticutIndustrialNortheast

Pearce Real Estate Brokers $1M Sale of Industrial Facility in Milford

by David Cohen

MILFORD, CONN. — Pearce Real Estate has brokered the sale of an 18,634-square-foot industrial facility in Milford for $1 million. The property is located at 363 Naugatuck Ave., 14 miles south of New Haven. John Bergin of the Pearce Commercial Milford office represented the buyer, 363 Naugatuck Ave. LLC, and the seller, Travco of Milford LLC, in the transaction. United Rentals has leased the property for the past 17 years.

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AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Arranges $16.8M Sale of 107-Unit Multifamily Portfolio in Manhattan

by David Cohen

NEW YORK CITY — Marcus & Millichap has arranged the sale of a six-building, 107-unit multifamily portfolio in Manhattan for $16.8 million. The West Bridge Associates Portfolio is located on 151st and 152nd streets between Broadway and Amsterdam Avenue in Upper Manhattan. Seth Glasser, Peter Von Der Ahe, Joe Koicim and Jacob Kahn of Marcus & Millichap represented the seller, a private investor, and procured the buyer, also a private investor.

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AcquisitionsMultifamilyNew YorkNortheast

Meridian Brokers $14.2M Sale of 29-Unit Apartment Building in East Harlem

by David Cohen

NEW YORK CITY — Meridian Investment Sales has brokered the sale of an 18,860-square-foot, 29-unit apartment building in East Harlem for $14.2 million. The buyer was BEB Capital. Located at 238 East 106th St., the eight-story building was constructed in 2016 and features 29 one- and two-bedroom units. Amenities include a modern lobby, onsite laundry and balconies on all units. David Benharouch and Abie Kassin of Meridian represented the undisclosed seller and procured the buyer in the transaction. Meridian Investment Sales is the commercial property sales division of Meridian Capital Group.

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LoansMassachusettsMixed-UseNortheast

Fantini & Gorga Arranges $13.4 Million in Financing for Five-Story Boston Mixed-Use Property

by David Cohen

BOSTON — Fantini & Gorga has arranged $13.4 million in permanent financing for a five-story, mixed-use property located at 900 Beacon St. in the Audubon Circle neighborhood of Boston. The property, known as Gateway Boston, was completed in 2016 and features a mix of 32 residential units on four floors plus 4,500 square feet of street-level retail. Tim O’Donnell, Casimir Groblewski and Despina Hixon of Fantini & Gorga arranged the financing, a fixed-rate loan for a period of 15 years, with a life insurance company. The borrower was not disclosed.

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IndustrialNew JerseyNortheastProperty Type

Colliers Negotiates Sale of Three Industrial Buildings in South Jersey for Combined $7.5M

by David Cohen

PENNSAUKEN, N.J. — Colliers International has negotiated the sale of three industrial buildings in Southern New Jersey for a combined $7.5 million. The three properties located in Pennsauken include: 9240 Commerce Highway, a 67,600-square-foot warehouse acquired by a private investor for $3.2 million; 6995 Airport Highway Lane, a 60,800-square-foot manufacturing facility purchased by Heat Makers Sense for $2.7 million; and 9265 Commerce Highway, a 33,500-square-foot warehouse acquired by Draco Broadcast for $1.6 million. The seller was the Bloom Organization. Ian Richman and Marc Isdaner of Colliers arranged the sale of the three properties.

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Leasing ActivityNew YorkNortheast

Coworking Company UCommune Opens 34,000 SF Manhattan Location

by David Cohen

NEW YORK CITY — Chinese coworking company UCommune, in a joint venture with Serendipity Labs, has opened a 34,000-square-foot office at 28 Liberty St. in Manhattan. It is the first coworking location in New York City for UCommune, the second largest coworking company in the world. The office features dedicated desks and offices, team rooms and meeting rooms as well as access to technology platform Umart that links and connects resident companies. Founded in 2015, UCommune is valued at $1.74 billion and has 160 locations in 35 cities around the world. RockTree Capital is the co-founding shareholder and international expansion partner of the coworking company.

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ConnecticutLoansNortheast

Washington Trust Provides $2.7M in Refinancing for Flex Property in Wallingford

by David Cohen

WALLINGFORD, CONN. — Washington Trust has provided $2.7 million for the refinancing of a multi-tenant flex commercial property in Wallingford, located halfway between New Haven and Hartford off I-91. The one-story building is located within Barnes Industrial Park and includes 41,284 square feet of office and industrial space. The borrowers are long-term clients of Washington Trust.

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AcquisitionsNew YorkNortheast

Forest City Completes Sale of 363-Unit Apartment Community in Brooklyn for $156M

by David Cohen

NEW YORK CITY — Forest City Realty Trust has completed the disposition of 461 Dean St., a 363-unit apartment community in Brooklyn for $156 million. The selling price reflects a capitalization rate of 4.5 percent on estimated 2018 net operating income. International real estate manager Principal Global Investors purchased the property. The 32-story, modular apartment building is located next to the Barclays Center and was completed in 2016. The asset was 100 percent owned by Forest City.

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AcquisitionsConnecticutMultifamilyNortheast

IPA Arranges Sale of 518-Unit Multifamily Portfolio in Connecticut for $62.6M

by David Cohen

MIDDLETOWN, CONN. — Institutional Property Advisors, a division of Marcus & Millichap, has arranged the sale of a two-property, 518-unit apartment portfolio located in the Westlake District of Middletown for $62.6 million. The portfolio includes Middletown Brooke, a 280-unit apartment community with eight residential buildings, and Middletown Ridge, a 238-unit apartment community with nine residential buildings. The properties were constructed in 1988 and 1989. IPA represented the seller, Fairfield Midtown Ridge LP, and procured the buyer, Hamilton Zanze and Co. Middletown is located 16 miles south of Hartford and 26 miles north of New Haven.

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