Friday, July 10, 2026
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Northeast

NortheastOffice

PEARL JEWELRY MAKER RENEWS LEASE AT 366 FIFTH AVENUE

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NEW YORK CITY — Jewelry producer Majorica has signed a 10-year office lease renewal at the New York Accessories Exchange building at 366 Fifth Ave. in New York City. Majorica makes organic pearl jewelry from the island of Majorca, Spain. Majorica is sold in department stores and jewelry stores across the U.S. and worldwide. The company leases 4,600 square feet on the fifth floor. Davidoff Malito & Hutcher LLP represented Majorica in the transaction. Rick Brickell of NYAE represented the landlord.

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NortheastOffice

HEALTH ADVANCES SIGNS 7-YEAR LEASE RENEWAL

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WESTON, MASS. — Health Advances has signed a 7-year lease renewal and expansion of its corporate headquarters on Nine Riverside Rd. in Weston. The healthcare strategy and consulting firm will increase its space by 9,907 square feet to a total of 31,832 square feet. John Boyle and Michael O’Leary of Cassidy Turley FHO represented Health Advances in the transaction. Andrew Majewski and Matthew Siciliano of CBRE/New England represented the landlord.

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NortheastOffice

PACIFIC CONTROLS BUYS SOMERSET OFFICE PROPERTY

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SOMERSET, N.J. — Pacific Controls Inc. has purchased 100 Franklin Square Dr., a 108,410-square-foot office building in Somerset. Pacific Controls, a communication technology company, plans to occupy vacant space on the top two floors of the property. The Class B property is 33 percent leased. Shawn Straka of Jones Lang LaSalle represented Pacific Controls in the transaction.

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MultifamilyNortheast

UPPER EAST SIDE APARTMENT BUILDING TRADES FOR $6.3M

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NEW YORK CITY — An 11,838-square-foot apartment building in New York's Upper East Side at 225 East 82nd St. has sold for $6.3 million to Erez Itzhaki and Gil Boosidan. The 27-unit property has undergone major renovations including a refurbished roof, new elevator cabs and repainted hallways. Azita Aghravi of Eastern Consolidated represented the seller, a long-term owner, in the transaction. Alan Miller, also of Eastern Consolidated, represented the buyer.

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IndustrialNortheast

FLORENCE BUILDING MATERIALS ADDS WAREHOUSE

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HUNTINGTON, N.Y. — Stalco International Group has completed construction of a 12,000-square-foot industrial facility at 1674 East Jericho Turnpike in Huntington. Florence Building Materials, a roofing and siding distributor, will use the building for warehousing. The one-story facility is connected by two pre-existing buildings: an office structure and another storage building. Baldassano Architecture served as the architect and mechanical, electrical and plumbing engineer for the project.

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Mixed-UseNortheast

GWATHMEY REVEALS DESIGNS FOR 1.2M SF MIXED-USE PROJECT IN JERSEY CITY

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JERSEY CITY, N.J. — Gwathmey Siegel Kaufman + Associates has been selected to design a 1.2 million-square-foot, mixed-use project at 70-90 Columbus in Jersey City. The design includes two, 50-story towers and the plan will be presented to the community board later this month. Ironstate Development and Panepinto Properties have partnered to develop the property, which is slated to include 1,000 rental residences, a 150-room hotel and retail space. The towers will be adjacent to 50 Columbus, a 36-story rental building completed by the joint venture partners in 2007.

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MultifamilyNortheast

MANUFACTURED HOUSING COMMUNITY SECURES $8.2M LOAN

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WILDWOOD, N.J. — U.S. Realty Capital has arranged an $8.2 million non-recourse loan for the refinancing of a manufactured home community on Route 9, just outside of Wildwood. Built in 1997, the property includes 235 pad sites, a swimming pool, playground, basketball courts and a lake for fishing. U.S. Realty arranged the 7-year, fixed-rate loan through a regional bank. The loan contains a 30-year amortization schedule.

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Mixed-UseNortheast

STATH REALTY BUYS BROOKLYN DEVELOPMENT SITE

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NEW YORK CITY — Stath Realty Corp. has purchased a development site at 1412-1425 Fulton St. in Brooklyn for $3.3 million. The site contains an existing medical health facility, located directly across from Restoration Plaza. The 10,247-square-foot lot can be built to a maximum of 57,391 square feet. The lease term for the lone tenant in the property will expire in October 2013. The new owner plans to hold the asset until the lease expiration and then reposition it for retail or mixed-use development. Brian Leary, Sean Kelly, Cengiz Sendogdular and Matthew Dzbanek of CPEX represented the seller, Shiloh Realty Corp. They also procured the buyer.

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NortheastOffice

GLOBAL BANK EXPANDS LEASE AT HARBORSIDE FINANCIAL PLAZA

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JERSEY CITY, N.J. — The Bank of Tokyo-Mitsubishi has signed a 17-year, 100,274-square-foot lease expansion at Harborside Financial Center in Jersey City, bringing the bank's total leased space to 261,957 square feet. The lease is pertains to space at the 725,600-square-foot Harborside Plaza 3. Fred Smith and Curtis Foster of Cushman & Wakefield represented the tenant in the transaction. The landlord is Mack-Cali Realty Corp.

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