BEDFORD, N.H. — Local owner-operator Arrowpoint Properties has acquired The Meridian, an 85-unit apartment complex in Bedford, located near the Massachusetts-New Hampshire border. Built on 6.4 acres in 2007 and renovated in late 2024, the three-story building offers one- and two-bedroom units and amenities such as a fitness center, community and recreation rooms, pet spa, library and onsite laundry facilities. The seller and sales price were not disclosed.
MERIDEN, CONN. — UniUni Logistics Inc. has signed a 43,104-square-foot industrial lease in Meriden, located roughly midway between Hartford and New Haven. The space is located within the 119,775-square-foot building at 45 Gracey Ave. Mark Berkowitz of local brokerage firm O,R&L Commercial represented the landlord in the lease negotiations. Damon Bowers of Cushman & Wakefield represented UniUni Logistics.
HALEDON, N.J. — JLL has arranged an undisclosed amount of construction financing for a mixed-use project in the Northern New Jersey community of Haledon. Known as High Mountain Promenade, the development at 987 Belmont Ave. will comprise 90 apartments, a 74,715-square-foot (gross) self-storage facility and 4,400 square feet of retail space. First Bank provided the financing, proceeds of which will be used to fund construction of the self-storage facility and predevelopment costs of the other uses. Michael Klein, Jon Mikula, Ryan Carroll and Michael Donohoe of JLL arranged the debt on behalf of the developer, a joint venture between two New Jersey-based groups, Tulfra Real Estate and The Hampshire Cos.
DELANCO, N.J. — Colliers has negotiated the sale of an 865-unit self-storage facility in Delanco, located outside of Philadelphia in Southern New Jersey. Extra Space Storage operates the facility at 700 Creek Road, which was originally constructed in 1989 and converted to self-storage use in 2021. Today, the facility spans 105,187 net rentable square feet across 766 climate-controlled units and 99 covered and uncovered parking spaces. Tom de Jong, Dylan de Jong and Ian Richman of Colliers represented the seller, Metropolis Development Group, in the transaction and procured the buyer, Merit Hill Capital.
NEW YORK CITY — Marcus & Millichap has brokered the $7 million sale of a 3,965-square-foot mixed-use building in Manhattan’s West Village. The building at 304 Bleecker St. consists of four newly renovated, market-rate apartments and a 1,550-square-foot retail space that is leased to Joe & the Juice. John Stewart and Dylan Torey of Marcus & Millichap represented the seller, HUBB NYC, in the transaction and procured the buyer, a private investor.
NEW YORK CITY — CIGNA has signed a 32,700-square-foot office lease renewal at 2 Grand Central in Midtown Manhattan. The insurance giant is relocating its offices at the base of the building to two full upper floors. Anthony Dattoma of CBRE represented CIGNA in the lease negotiations. Paul Amrich, Neil King, Meghan Allen, Alexander Golod and James Ackerson, also with CBRE, represented the undisclosed landlord.
ANNVILLE, PA. — DHL Supply Chain, a developer and third-party logistics firm based in Germany, will develop a 1.2 million-square-foot industrial project in Annville, about 100 miles west of Philadelphia. The building will be located within Clear Springs Logistics Park and will feature a clear height of 40 feet, 120 dock doors, four drive-in doors and parking for 426 car parking spaces (expandable to 571) and 295 trailer parking stalls. Harris Architects is designing the project, and Peak Construction Corp. is the general contractor. Warehaus is the civil engineer. Construction is expected to be complete before the end of the year.
BURLINGTON COUNTY, N.J. — A joint venture between New Jersey-based owner-operator NFI Real Estate and Penwood Real Estate Investment Management is underway on construction of Turnpike 5 Logistics Park, a 528,478-square-foot speculative industrial project in Southern New Jersey’s Burlington County. The two-building development’s name stems from its proximity to Exit 5 off the New Jersey Turnpike. The buildings will span 310,000 and 218,478 square feet and will feature clear heights of 36 feet, as well as “extensive” trailer parking and “heavy” power capacities. Fifth Third Bancorp provided $54 million in construction financing for the project, which was arranged by JLL. JLL also structured the joint venture between the two groups.
NEW YORK CITY — JLL has arranged a $19 million loan for the refinancing of a portfolio of five multifamily buildings totaling 42 units in Brooklyn. Known as the Edifice Portfolio, the newly renovated buildings are located at 431-433 Wythe Ave. and 313 S. 4th St. in Williamsburg and 19-21 Columbia Place in Brooklyn Heights. Jillian Mariutti and John Flynn of JLL arranged the loan through City National Bank on behalf of the borrower, local investment firm Edifice Real Estate Partners.
NEW YORK CITY — Candid Health, a provider of healthcare revenue cycle software, has signed a 28,687-square-foot office lease in Midtown Manhattan. The lease term is seven years, and the space is located on the third floor of the building at 675 Avenue of the Americas. Justin Haber, Kyle Riker and Emma Gill of JLL represented the tenant in the lease negotiations. Anthony Sciacca and Scott Gutnick of Newmark, along with internal agents Jeffrey Gural and Alphie Toro, represented the landlord, GFP Real Estate.
