MIDDLETON, MASS. — Locally based general contractor Polar Design Build has delivered a 34,000-square-foot truck service facility in Middleton, a northern suburb of Boston. The facility is a build-to-suit for dealer Kenworth Northeast and will house offices, service bays and showroom space. About 40 people will work at the facility at full operation. Other project partners included Maugel DeStefano Architects, Flood Consulting and CBC Engineers.
WOBURN, MASS. — Type One Energy Group has signed a 15,500-square-foot life sciences lease in the northern Boston suburb of Woburn. The Wisconsin-based provider of clean energy solutions is relocating from nearby Somerville to 299 Washington St., which is owned by Cummings Properties. The new space will house office, manufacturing and lab uses. Al Diamond internally negotiated the lease on behalf of Cummings Properties. No third-party brokers were involved in the deal.
PHILADELPHIA — Method Co., a development and management firm specializing in apartment hotels, has opened Roost Kelly Drive, a 33-room hotel in Philadelphia’s East Falls neighborhood. The complex is located within The Driftway, a 133-unit residential building. Rooms come in studio, one- and two-bedroom floor plans. Morris Adjmi Architects designed Roost Kelly Drive in conjunction with Method’s in-house team. The company developed the property in partnership with Mexican investment firm Cimbra Partners.
PHILADELPHIA — Greysteel has arranged the $8.3 million sale of Eastern Lofts, an apartment complex in Philadelphia’s Brewerytown neighborhood. According to Apartments.com, the property was built in 2016, totals 37 units in one-, two- and three-bedroom floor plans and houses an onsite daycare and pet play area. Greysteel represented the locally based seller, Mazzarini Real Estate, in the transaction. The locally based buyer requested anonymity.
LOWELL, MASS. — Marcus & Millichap has brokered the $3.1 million sale of a 17-unit apartment building located at 887 Varnum Ave. in the northwestern Boston suburb of Lowell. The property consists of five studios and 12 two-bedroom units as well as onsite parking and laundry facilities. Tony Pepdjonovic, Evan Griffith and Will Sanborn of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW YORK CITY — Cushman & Wakefield has negotiated a 12,500-square-foot office lease at 277 Park Avenue in Midtown Manhattan. The tenant, ERM Engineering & Consulting Inc., will occupy part of the 20th floor of the 1.8 million-square-foot building. Mark Boisi, Bryan Boisi and Stephen Bellwood of Cushman & Wakefield represented the landlord, The Stahl Organization, in the lease negotiations. Kirill Azovtsev of Savills represented the tenant.
FORT LEE, N.J. — Regional provider Hackensack Meridian Health has opened a 5,550-square-foot primary care office practice in the Northern New Jersey community of Fort Lee. Five physicians who specialize in family medicine, internal medicine and cardiology will staff the facility, which is located at 301 Bridge Plaza North. An undisclosed physician and his family own the building.
WILMINGTON, MASS. — Locally based developer The Procopio Cos. is nearing completion of The Alice, a 50-unit multifamily project located north of Boston in Wilmington. The Alice is one of three buildings within a larger mixed-use development, with the others being an 8,050-square-foot retail and office building and a 2,488-square-foot retail building that is now leased to Starbucks. Procopio Cos. expects to open The Alice this fall and to complete the office/retail building in early 2025. Vertical construction on the Starbucks building, which also features a drive-thru, will begin in April.
WOBURN, MASS. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $3.5 million sale of a 26,960-square-foot office building in Woburn, a northern suburb of Boston. The building at 110 Winn St. was constructed in the 1990s in the downtown area and houses 17 suites. Francis Saenz, Drew Kirkland and Jim Casey of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has arranged the $2 million sale of a 29-unit apartment building located at 407 W. 205th St. in Manhattan’s Inwood neighborhood. The five-story building was originally constructed in 1911. Ben Khakshoor, Aaron Jungreis and Alex Fuchs of Rosewood represented both the buyer, Gilman Management, and the seller, family office Ramer & Saperstein, in the transaction. The deal traded at a cap rate of 7.8 percent.