WORCESTER, MASS. — Northmarq has negotiated the sale of a 66,682-square-foot grocery store in the Central Massachusetts city of Worcester. The Worcester Business Journal reports that the sales price was $31 million and that the buyer was an affiliate of Fidelity Investments. Regional grocer Shaw’s has occupied the space at 14 W. Boylston St. since 2004. Josh Dicker and Zach Pool led the Northmarq team that brokered the deal. According to Northmarq, the deal marked the largest single-tenant grocery sale in Massachusetts in 2025.
PHILADELPHIA — Marcus & Millichap has brokered the sale of a 33,762-square-foot industrial building in northeast Philadelphia. Built in 2004 and renovated in 2012, the single-tenant facility at 10049 Sandmeyer Lane features a clear height of 20 feet and was fully leased at the time of sale. Andre Fannin and Brian Higgins of Marcus & Millichap represented the seller and occupant, Dixon-Shane LLC, a subsidiary of Amneal Pharmaceuticals, in the transaction. The buyer was Faropoint.
PHILADELPHIA — Nuclear science company TerraPower Isotopes (TPI) has unveiled a $450 million investment plan to establish a radioisotope manufacturing facility in Philadelphia that will support the development of cancer-fighting drugs. The Commonwealth of Pennsylvania is investing $10 million for the project, which is expected to create 225 new full-time jobs over the next three years. TPI will lease a 250,000-square-foot build-to-suit facility within The Bellwether District, a 1,300-acre industrial campus in South Philadelphia that is the redevelopment of the former Philadelphia Energy Solutions refinery. TPI will utilize the flagship East Coast facility to produce actinium-225 for use in the development of cancer treatments. TPI received a funding proposal from the Pennsylvania Department of Community and Economic Development for a $7 million grant through the PA SITES Program, and a $3 million Pennsylvania First grant. The company is also eligible to apply for the department’s Manufacturing Tax Credit and the Qualified Manufacturing and Innovation Reinvestment Deduction programs. According to TPI, the development of an East Coast manufacturing facility, along with expanding capacity in its existing Everett, Wash., facility, will increase production capacity 20-fold of actinium-225. Real estate investment company HRP Group, formerly known as Hilco Redevelopment Partners, is developing The …
NEW YORK CITY — Local owner-operator GFP Real Estate has received an $86.5 million loan for the refinancing of 515 Madison Avenue, a 42-story office building in Midtown Manhattan. Originally constructed in 1932, the 350,000-square-foot structure is known locally as the DuMont Building, a name that references the building’s role in the first television broadcasts of Allen DuMont’s experimental station W2XWV in 1938. Today, the building is home to tenants such as Encore Physical Therapy, Longacre Asset Management and GFP Real Estate itself. Paul Talbot of Newmark arranged the 10-year, floating-rate loan, which retires a $120 million loan that was originated in 2012 and had a balance of $81 million, through Apple Bank.
PHILADELPHIA — Local brokerage firm Agent PHL has arranged the $8.4 million sale of Pelham Place, a 36-unit apartment building located in the Mount Airy neighborhood of northwest Philadelphia. The four-story building was completed in 2017 and offers four one-bedroom apartments, 27 two-bedroom units and five three-bedroom residences, as well as two retail spaces. Amenities include a fitness center and a lounge with a wet bar, TVs and games. Ryan McManus and Brandon Ribeiro of Agent PHL brokered the deal. The buyer and seller were not disclosed.
WILMINGTON, MASS. — Regional brokerage firm Hunneman has negotiated a 42,060-square-foot lease at a flex building in the northern Boston suburb of Wilmington. The tenant is Goddard Technologies, a developer of medical devices and robotics, and the space is located within the 123,000-square-foot building at 205 Lowell Street, which can support both office and lab uses. Chris Curley, Mike Allen and Ken Oppenheim of Hunneman, along with internal agent James McManus, represented the landlord, Howland Development, in the lease negotiations.
LEXINGTON, MASS. — Nortiva Bio has signed a 22,881-square-foot life sciences lease renewal in Lexington, located northwest of Boston. The biopharmaceutical company’s space is located on the third floor of 20 Maguire Road, a 101,310-square-foot converted building. Alex Plaisted and Don Domoretsky of CBRE represented the landlord, a partnership between Investcorp and Griffith Properties, in the lease negotiations.
NEW YORK CITY — A partnership between Ailanthus, BEB Capital and SK Development has begun leasing One Sunset, a 187-unit multifamily project in Brooklyn’s Sunset Park neighborhood. Designed by dencityworks | architecture with interiors by Alchemy Studio, the 14-story building offers one-, two- and three-bedroom floor plans, with 46 units reserved as affordable housing. Amenities include a fitness center, game/media room, coworking lounge, private dining/entertainment areas and a rooftop terrace. Corcoran New Development is leading the residential leasing efforts. Rents start at roughly $3,200 per month for a one-bedroom apartment.
ESOPUS, N.Y. — Emerson Hospitality is underway on a hotel redevelopment project in Esopus, located roughly midway between New York City and Albany. The project will convert Black Creek Barns, a historic 153-acre estate, into a 70-room hotel and resort via the restoration of six historic structures and construction of new cabins and suites. Amenities will include a 7,000-square-foot indoor event hall, a 9,000-square-foot craft and design hall, a pool, wellness center and two dining venues. Institutional Property Advisors, a division of Marcus & Millichap, arranged $38 million in construction financing, including $19 million in C-PACE debt, for the project, which is slated for a late-2027 completion.
NEW YORK CITY — Newmark has brokered the sale of a 32,400-square-foot office and retail building in Manhattan’s SoHo district. The landmark five-story building at 61–63 Crosby St. was fully leased at the time of sale to office users such as Comcast Ventures, Aptos Labs and SISTER Group. Patagonia’s New York City flagship store anchors the building’s retail component. The buyer was local investment firm Vertex, and the seller was undisclosed. Adam Spies, Adam Doneger, Josh King, Marcella Fasulo and Meaghan Philbin of Newmark brokered the deal.