Thursday, November 13, 2025
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40-Thorndike-St.-East-Cambridge
DevelopmentMassachusettsMixed-UseNortheast

Leggat McCall, Granite Complete 475,000 SF Mixed-Use Redevelopment Project Near Boston

by Taylor Williams

EAST CAMBRIDGE, MASS. — A partnership between Leggat McCall Properties and Granite Properties has completed the mixed-use redevelopment of a former courthouse building located at 40 Thorndike St. in East Cambridge. Formerly known as the Edward J. Sullivan Courthouse, the 20-story building now features 422,000 square feet of office space, 48 affordable housing units, retail, restaurant, childcare and meeting spaces, as well as parking for 362 cars and 20,000 square feet of public outdoor space. Elkus Manfredi Architects designed the project, and John Moriarty & Associates served as the general contractor. Bank OZK financed the project. Construction began in fall 2021.

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DevelopmentMultifamilyNew JerseyNortheastOffice

Prism Capital to Undertake Multifamily Redevelopment Project in Woodland Park, New Jersey

by Taylor Williams

WOODLAND PARK, N.J. — Locally based development and investment firm Prism Capital Partners will undertake a multifamily redevelopment project in the Northern New Jersey community of Woodland Park. The project will convert a 33-acre former corporate office campus at 385 Rifle Camp Road into a 400-unit apartment community. Twenty percent (80 residences) will be reserved as affordable housing. Jose Cruz, Jeremy Neuer and Ryan Robertson of JLL represented the undisclosed seller in the disposition of the site. Demolition work is underway, but a target completion date has not yet been established.

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AcquisitionsDevelopmentMultifamilyNew YorkNortheast

Ariel Property Advisors Negotiates $9.8M Sale of Multifamily Development Site in The Bronx

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $9.8 million sale of a multifamily development site in The Bronx. The site at 36 Bruckner Blvd. is located on the borough’s Mott Haven neighborhood and is approved for the development of 99 apartments and some commercial space. Jason Gold and Gabriel Elyaszade of Ariel represented the seller, Yates Restoration, which has owned the property since 1982, in the transaction. The buyer was not disclosed.

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AcquisitionsConnecticutIndustrialNortheast

O,R&L Commercial Arranges Sale of 57,000 SF Industrial Building in Norwich, Connecticut

by Taylor Williams

NORWICH, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the sale of a 57,000-square-foot industrial building in Norwich. The sales price was $3.3 million. The building at 243 Vergason Ave. sits on 10 acres and was 53 percent leased at the time of sale, with IT and engineering firm American Systems Inc. occupying 30,000 square feet. Frank Hird and Will Braun of O,R&L represented the seller and procured the buyer, both of which were limited liability companies that requested anonymity, in the transaction.

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IndustrialLeasing ActivityLee & AssociatesNew JerseyNortheast

Nemo Tile Signs 30,046 SF Industrial Lease in Lyndhurst, New Jersey

by Taylor Williams

LYNDHURST, N.J. — Nemo Tile has signed a 30,046-square-foot industrial lease in the Northern New Jersey community of Lyndhurst. The lease term is 65 months. The building at 2 Terminal Road was recently renovated and features a clear height of 18 feet, seven truck parking spaces and 1,800 square feet of office space. Michael Schaible and Troy Wisse of Lee & Associates represented the landlord, Woodmont Industrial Properties, in the lease negotiations. Daniel Reider of Newmark represented the tenant.

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Woodmont-Valley-Lower-Macungie-Pennsylvania
DevelopmentNortheastPennsylvania

Woodmont Properties Breaks Ground on 120-Unit Multifamily Project in Lehigh Valley

by Taylor Williams

LOWER MACUNGIE, PA. — New Jersey-based Woodmont Properties has broken ground on a 120-unit multifamily project in the Lehigh Valley community of Lower Macungie. The project, which represents Phase II of a larger development known as Woodmont Valley, will comprise 10 buildings and 13,300 square feet of commercial space on a 14-acre site. Units will come in one- and two-bedroom formats, with the majority (99) designed as townhome-style residences. Amenities will include a pool, fitness center, clubhouse and resident lounge, outdoor grilling and dining stations, a game room, theater, bark park, walking trails and package concierge service. Completion is slated for mid-2026. Phase I of Woodmont Valley consisted of 204 units and opened in October 2017.

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DevelopmentMultifamilyNew YorkNortheastStudent Housing

PX4 Development Completes $15M Student Housing Conversion Project on Long Island

by Taylor Williams

JERICHO, N.Y. — PX4 Development has completed a $15 million student housing conversion project on Long Island. The project converted a former 80-room hotel in Jericho into a 79-unit, 188-bed resident hall for students at The New York Institute of Technology.  Units come in one-, two- and three-bedroom floor plans, and amenities include private and communal study spaces, lounge and recreation areas and an indoor pool. TPG Architecture designed the project, construction of which began last October.

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AcquisitionsNew JerseyNortheastRetail

Montana Property Group Buys 84,933 SF Shopping Center in Voorhees, New Jersey

by Taylor Williams

VOORHEES, N.J. — New York City-based investment firm Montana Property Group has purchased Echelon Village Plaza, an 84,933-square-foot shopping center located in the Southern New Jersey community of Voorhees. The center was 92 percent leased at the time of sale to tenants such as Edge Fitness, Dollar Tree and Buffalo Wild Wings. Ohio-based REIT Site Centers sold the property for $8.5 million. Boston-based Atlantic Retail brokered the deal.

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Leasing ActivityNew JerseyNortheastOffice

Cole Schotz Signs 61,582 SF Office Lease Renewal in Hackensack, New Jersey

by Taylor Williams

HACKENSACK, N.J. — Cole Schotz PC has signed a 61,582-square-foot office lease renewal in the Northern New Jersey community of Hackensack. The law firm will remain at Court Plaza North, a 335,000-square-foot complex located in the city’s downtown area, where it has been a tenant since 1986, for an undisclosed period of time. New Jersey-based investment firm Alfred Sanzari Enterprises owns Court Plaza North. No third-party brokers were involved in the lease negotiations.

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Leasing ActivityNew JerseyNortheastRestaurantRetail

Wonder Opens 4,544 SF Food Hall in Livingston, New Jersey

by Taylor Williams

LIVINGSTON, N.J. — Delivery-first food hall concept Wonder has opened a new, 4,544-square-foot venue in the Northern New Jersey community of Livingston, marking its eighth location in the state. Wonder Livingston features more than 30 restaurants, including Alanza, Bellies, Bobby Flay Steak, Chai Pani, Di Fara Pizza, Fred’s Meat & Bread, Tejas Barbecue and Wing Trip. Patrons can order through a proprietary app, with pick-up and limited dine-in options also available.

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