PHILADELPHIA — Martin Brower has signed a 147,000-square-foot industrial lease in northeast Philadelphia. The provider of supply chain and logistics solutions is taking space at Crow Holdings at I-95, a project that is under construction on a 14.4-acre site at 14515 McNulty Road. Jonathan Springer, Andrew Green and Mike Barker of CBRE represented the tenant in the lease negotiations. Brad Boone and Brian McCurdy of Colliers represented Crow Holdings Development.
NATICK, MASS. — Bosse, an entertainment concept that combines pickleball with food and drinks, has opened a 97,000-square-foot venue in Natick, a western suburb of Boston. The site is adjacent to Natick Mall and formerly housed a Neiman Marcus department store. Bosse features 21 courts and a dedicated fitness and wellness space, as well as lounge areas, a sports theater, dart lounges, a cold plunge pool, retail space and golf simulators. The Bulfinch Cos. owns the property.
WEST ORANGE, N.J. — BNE Real Estate has completed a project in West Orange, about 20 miles west of New York City, that converted a 400,000-square-foot office campus into a 423-unit apartment community. Known as Stonehill at West Orange and designed by Minno & Wasko Architects & Planners, the development features one- and two-bedroom units and 44,000 square feet of amenity space. The project also preserved 130,000 square feet of recently renovated office space that is now home to the West Orange Public Library. Rents start at approximately $2,300 per month for a one-bedroom apartment.
BOSTON — Charlotte-based commercial lender Barings has provided a $115 million loan for the refinancing of the 471-room Renaissance Boston Seaport Hotel. Built in 2008 and set to be renovated next year, the hotel offers amenities such as 21,000 square feet of meeting and event space, a 10,700-square-foot ballroom, club lounge, recently renovated fitness center, an indoor pool and several food-and-beverage outlets. Eastdil Secured arranged the loan on behalf of the borrower, a joint venture between affiliates of Rockpoint, Highgate and hotelAVE.
MANCHESTER, N.H. — Regional brokerage firm Horvath & Tremblay has arranged the $11.6 million sale of North End Shops at Livingston Park, a shopping center in Manchester, located near the New Hampshire-Massachusetts border. The property was built on 4.4 acres in 1987 and renovated in 2017. Dollar Tree anchors the center, which was fully leased at the time of sale. Bob Horvath, Todd Tremblay, Aaron Huntley and Matt Nadler of Horvath & Tremblay represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NORTH BERGEN, N.J. — Marcus & Millichap has brokered the $6.4 million sale of an 18,130-square-foot retail strip center in North Bergen, located just outside of New York City. Known as Aaron’s Strip Center due to the furniture and electronics retailer serving as the anchor, the property was fully leased to six tenants at the time of sale. Alan Cafiero, Brent Hyldahl and Devin Perez of Marcus & Millichap represented the seller and procured the buyer, a local private investor, in the transaction. Both parties requested anonymity.
TOTOWA, N.J. — Wise Foods has signed a 61,000-square-foot industrial lease in the Northern New Jersey community of Totowa. The Pennsylvania-based snack maker is taking space at 70 Maltese Drive, an 84,000-square-foot building that features a clear height of 16 feet, 10 loading docks and two drive-in doors. Andrew Stypa, Daniel Badenhausen and Kyle Janoczkin of Lee & Associates represented the tenant in the lease negotiations. Cushman & Wakefield represented the landlord, Boston-based Longpoint.
WEST WINDSOR, N.J. — JLL has brokered the $33.4 million sale of Princeton Overlook, a 158,180-square-foot office building in West Windsor, a suburb of Trenton. The building was constructed in 1988 on a four-acre site that can support additional expansion. Jose Cruz, Jeremy Neuer and Bradley Wachenfeld of JLL represented the seller, an entity doing business as Cali Overlook LLC, in the transaction. The trio also procured the buyer, Princeton University, which is a current tenant at the building along with UBS Financial Services and Regus Coworking.
JERSEY CITY, N.J. — Fulton Bank has provided a construction loan of an undisclosed amount for Phase I of Liberty Storage Center, a 795-unit project in Jersey City. The six-story facility will be located at 300 Thomas McGovern Drive and will span 103,500 net rentable square feet of climate-controlled space. Michael Klein, Jon Mikula and Ryan Carroll of JLL placed the loan with Fulton Bank on behalf of the borrower, locally based developer Tulfra Real Estate. Liberty Storage Center will ultimately feature 260,000 net rentable square feet of product that will be developed in three phases. Public Storage will be the operator.
NEW YORK CITY — Cushman & Wakefield has arranged the $17 million sale of an 11,183-square-foot retail condominium located at 2688 Broadway in Manhattan. The space comprises 8,158 square feet on the ground floor and 3,025 square feet on the lower level and is leased to CVS Health Corp., which has 15 years remaining on the lease. Andrew Berry and Charlie Gravina of Cushman & Wakefield represented the buyer, French investment firm Corum Asset Management, in the transaction. The seller was not disclosed.
