NEW YORK CITY — Marcus & Millichap has brokered the $7.5 million sale of a 97-unit apartment building in The Bronx. The six-story, elevator-served building at 1154 Ward Ave. was originally constructed in 1929 in the borough’s Soundview neighborhood. According to Apartments.com, the building exclusively houses one-bedroom units with an average size of 713 square feet. Michael Fusco, Seth Glasser and Benjamin Myerow of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.
BETHLEHEM, PA. — Filter King LLC, a provider of customized HVAC parts, has opened a 61,600-square-foot manufacturing and distribution facility in the Lehigh Valley city of Bethlehem. Regional developer J.G. Petrucci Co. owns the building, and The Lehigh Valley Economic Development Corp. assisted Filter King in its site selection process. Filter King, which now has an operational footprint of 200,000 square feet across three states, says the opening of the Bethlehem facility could result in the creation of as many as 120 new jobs.
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Innovative Design Can Promote Positive Outcomes for Continuum of Care Residents
As the demand for senior living communities continues to rise, so does the complexity of designing environments that meet the evolving needs of residents across the entire continuum of care. Facilities that seek to cater to independent living, assisted living, memory care, skilled nursing and rehabilitation needs must strike a balance: fulfilling stringent functional and regulatory requirements while remaining inviting, promoting connection to nature and others and offering comfort for people of all ages and abilities. The biggest challenge, according to designers and seniors housing experts alike, is “seamlessly weaving protective elements, like perimeter security or grade changes, into a design that feels warm and inclusive, not institutional,” explains Adam Alexander, director of planning, landscape architecture and design at Bohler, a land development design and consulting firm. “Features like fences or bollards don’t need to be emphasized as one-note safety features. They should be invisible contributors to a resident’s experience of comfort and care.” An overall trend toward smaller sites for seniors housing means that continuum of care communities are innovators in inclusive and multi-purpose space use. They may also serve to address increasing calls for solutions to the loneliness epidemic ongoing in the lives of many adults. While less square …
NEWARK, DEL. — Chicago-based Logistics Property Co. will develop Crossroads 95 Logistics Center, a 442,350-square-foot industrial project in Newark. The 43-acre site offers proximity to the Delaware Memorial Bridge and the Port of Wilmington, as well as 1,000 feet of frontage along I-95, and the building will feature a clear height of 36 feet and ample car and trailer parking. Construction is scheduled to begin in the coming weeks and to be complete in the third quarter of 2026. John Plower, Ryan Cottone, Zach Maguire and Jordan Schwartz of JLL brokered the sale of the land.
AVENEL, N.J. — Chicago-based investment firm CenterPoint Properties has acquired two industrial buildings totaling 387,526 square feet in the Northern New Jersey community of Avenel. The building at 191 Blair Road is a 198,854-square-foot, cross-dock facility with a clear height of 36 feet. The building at 215 Blair Road is a 188,672-square-foot, single-load warehouse with clear heights of 22 to 30 feet and several acres of overflow parking space. Gary Gabriel, Kyle Schmidt and Ryan Larkin of Cushman & Wakefield brokered the sales of the buildings, both of which were fully leased at closing.
SOMERSET, N.J. — Calibre Scientific has signed a 119,325-square-foot industrial lease in the Northern New Jersey community of Somerset. The manufacturer and distributor of life sciences products is taking space at Cottontail Logistics Center, a two-building, 236,000-square-foot development. Gary Politi and Michael Viera of JLL represented the tenant in the lease negotiations. Kevin Dudley, Chad Hillyer and Kate Granahan of CBRE represented the landlord, CBRE Investment Management, which bought the property earlier this summer.
EAST GREENWICH, R.I. — A partnership between Pennrose, Cove Homes Inc. and the East Greenwich Housing Authority has completed Soria Apartments, a 63-unit mixed-income multifamily project located south of Providence. The four-story building houses one- and two-bedroom units that are reserved for renters earning between 30 and 120 percent of the area median income. Amenities include a fitness center, resident lounge, storage lockers and outdoor picnic areas. Residents also have access to a range of social services.
HACKENSACK, N.J. — Restaurant supply store Hackensack Packaging Solutions has inked an 11,015-square-foot industrial lease in its namesake town in Northern New Jersey. According to LoopNet Inc., the building at 24 E. Wesley St., which is now fully leased, was completed in 1967 and features a clear height of 14 feet. Chris DeLorenzo and Carolina Gutierrez internally represented the landlord, Alfred Sanzari Enterprises, in the lease negotiations. The tenant was self-represented.
WHITE PLAINS, N.Y. — Boston-based general contractor Suffolk has broken ground on a 500,000-square-foot healthcare expansion project in White Plains, located north of New York City. According to New York YIMBY, the project carries a total construction cost of about $750 million. The expansion of White Plains Hospital will feature a 10-story building that will increase the facility’s licensed bed capacity from 292 to 436 and add 10 more operating rooms across a dedicated floor. These additions will serve to effectively double the size and capabilities of the hospital’s emergency care department. Completion is scheduled for 2028.
PHILADELPHIA — JLL has negotiated the $74.4 million bankruptcy sale of the University of the Arts Portfolio, a collection of nine academic properties totaling roughly 760,000 square feet in downtown Philadelphia. Named after the academic institution that closed last year, the portfolio comprises a mix of educational facilities, theaters, dormitories and office buildings. These include Terra Hall, a 17-story educational facility, and Hamilton Hall, the oldest building on Broad Street that was constructed in 1824. Jim Galbally, Fran Coyne, Samantha Kupersmith, Brett Segal, Carl Fiebig and Tyler Margraf of JLL worked on behalf of the bankruptcy trustee, Alfred T. Giuliano Trustee, to arrange the buyers for the transaction.