HOBOKEN, N.J. — Hain Celestial has signed a 40,000-square-foot office headquarters lease in Hoboken. The provider of healthy foods and personal care services will occupy the entire 12th floor at Waterfront Corporate Center III, a 512,000-square-foot building owned by New York City-based SJP Properties. No third-party brokers were involved in the lease negotiations.
SAYREVILLE, N.J. — CBRE has negotiated the sale of an 8,000-square-foot industrial outdoor storage facility in Sayreville, about 35 miles south of Manhattan. The site spans 1.3 acres and sold for $4 million. Mark Silverman, Elli Klapper, Liam McGregor and Jeremy Wernick of CBRE represented the buyer, Dallas-based Dalfen Industrial, in the off-market transaction. The seller was Florida-based Highpoint Enterprises.
NEW YORK CITY — Developer Lendlease has topped out 1 Java Street, an 834-unit waterfront multifamily project in Brooklyn’s Greenpoint neighborhood. Designed by architecture firm Marvel, the development comprises five interconnected buildings across a full city block. In addition, 1 Java Street will house 13,000 square feet of retail and restaurant space, and 30 percent of the units will be reserved as affordable housing. A syndicate of lenders led by Bank of America provided $360 million in construction financing for the project, which Lendlease is developing in partnership with Australian pension fund Aware Super and will include the construction of an 18,000-square-foot waterfront park. Construction began in spring 2023. Completion is slated for 2026.
WEST NORRITON, PA. — A partnership between Endurance Real Estate Group and Greystar-Thackeray has acquired a six-building, 200,359-square-foot industrial portfolio in West Norriton, a northwestern suburb of Philadelphia. The properties, which were fully leased to 15 tenants at the time of sale, feature clear heights of 18 to 20 feet and a total of 530 parking spaces and 46 loading positions. Gerry Blinebury, Jonas Skovdal and Brendan McGeary of Cushman & Wakefield represented the undisclosed seller in the transaction. John Alascio, Aaron Graves and T.J. Sullivan, also with Cushman & Wakefield, arranged an undisclosed amount of acquisition financing for the deal.
ATLANTIC CITY, N.J. — New Jersey-based brokerage firm The Kislak Co. Inc. has arranged the sale of Indian Oaks Apartments, a 44-unit multifamily complex in Atlantic City. The sales price was $5.8 million. The property consists of 11 buildings that were recently renovated and house 10 one-bedroom units, six two-bedroom apartments and 28 two-bedroom townhouses. Joni Sweetwood of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
BOSTON — FTI Consulting has signed a 21,910-square-foot office lease renewal in downtown Boston. The global economic and business advisory firm will remain on the ninth floor at 200 State Street, a 16-story building that is 94 percent leased. Connor Faught of Colliers represented the tenant in the lease negotiations. Tim Bianchi, Deb Gould, and Bill Anderson, also with Newmark, represented the landlord, Carr Properties.
ASBURY PARK, N.J. — Partner Engineering & Science Inc. has opened an 18,000-square-foot office in the coastal New Jersey city of Asbury Park. The building at 929 Asbury Ave. was originally constructed in the late 19th century as a warehouse and showroom. The space, which will serve as the company’s East Coast headquarters and can support about 70 people, features private offices, conference rooms and flexible workstations.
EGG HARBOR, N.J. — Developer DXD Capital has completed a 602-unit self-storage facility in Egg Harbor, located along the Jersey Shore. The facility features 76,700 net rentable square feet of both climate- and non-climate-controlled space with both multi-story and drive-up accessible unit options. Extra Space Storage will operate the facility. Storage Construction served as the general contractor for the project, construction of which was financed by Century Bank. DXD Capital first acquired the site at 6679 Black Horse Pike in November 2022.
BOSTON — Local developer Chestnut Hill Realty has delivered Franklin at Hancock Village, a 250-unit multifamily project in the Brookline area of Boston. The eight-story building houses one-, two- and three-bedroom units, and 20 percent of the residences have been reserved as affordable housing. Amenities include an outdoor putting green, grilling and picnic area, resident lounges, fitness center, café, community room, conference rooms, game and media rooms and a pet spa. Move-ins will begin in the coming weeks. Rents start at roughly $3,200 per month for a one-bedroom apartment.
BLACKWOOD, N.J. — Berkadia has arranged the $23 million sale of three multifamily properties totaling 208 units in Blackwood, a suburb of Philadelphia. Blackwood Falls, Blackwood Terrace and Foxcroft Apartments had a combined occupancy rate of 85 percent at the time of sale. Nat Gambuzza and Trevor Fiebel of Berkadia represented the seller, Penn Properties, in the transaction while also procuring the buyer, Silverstone Properties. The new ownership assumed the seller’s existing debt at Blackwood Falls and Blackwood Terrace and plans to implement capital improvements across the portfolio.