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Mid-Hudson-Logistics-Center-West-Coxsackie-New-York
AcquisitionsIndustrialNew YorkNortheast

Winstanley Enterprises Buys 333,386 SF Industrial Property in West Coxsackie, New York

by Taylor Williams

WEST COXSACKIE, N.Y. — Regional investment firm Winstanley Enterprises has purchased Prime Logistics Center, a 333,386-square-foot industrial property in West Coxsackie, about 25 miles south of Albany. The 30.7-acre site is located within a larger industrial park, and the building previously housed the distribution operations of grocer Save A Lot. Building features include 61 loading docks, two drive-in doors and parking for 77 trailers and 216 passenger vehicles. The seller and sales price were not disclosed. Winstanley plans to make capital improvements and rebrand the property as Mid-Hudson Logistics Center.

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AcquisitionsMultifamilyNew JerseyNortheast

Hudson Atlantic Negotiates $20M Sale of Multifamily Property in Robbinsville, New Jersey

by Taylor Williams

ROBBINSVILLE, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the $20 million sale of Southside Lofts, a 64-unit multifamily property in the Central New Jersey community of Robbinsville. The seller, Sharbell Development, delivered the property in 2020. According to Apartments.com, Southside Lofts offers one- and two-bedroom units that range in size from 713 to 1,207 square feet and amenities such as a fitness center, lounge and a rooftop terrace. Adam Zweibel of Hudson Atlantic represented Sharbell Development in the transaction and procured the undisclosed buyer.

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Leasing ActivityNew HampshireNortheastRetail

PickUp USA Fitness Signs 25,188 SF Retail Lease in Manchester, New Hampshire

by Taylor Williams

MANCHESTER, N.H. — PickUp USA Fitness, a basketball-focused concept, has signed a 25,188-square-foot retail lease in Manchester, located near the New Hampshire-Massachusetts border. The space is located within the 166,000-square-foot former Union Leader building and will house an NBA-sized court, multiple half courts, event space, locker rooms and cardio and weight training areas. Andrew Robbins and Alex Blecksmith of Colliers represented PickUp USA in the lease negotiations. An opening date has not yet been determined.

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Leasing ActivityMaineNortheastRetail

Simon Welcomes New Retailers to Kittery Premium Outlets in Southern Maine

by Taylor Williams

KITTERY, MAINE — Simon Property Group has welcomed a host of new retailers to Kittery Premium Outlets in southern Maine. Claire’s, Carter’s, OshKosh B’Gosh, Mélange Home, Perfume Palace, Limited Hype and Jack’s Country Store have all recently opened stores, and Vineyard Vines will open next spring. Simon acquired Kittery Premium Outlets, which is home to more than 50 retailers across five centers, over the course of the 2000s.

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Rivermark-Northern-Liberties-Philadelphia
DevelopmentMultifamilyNortheastPennsylvania

Partnership Completes 470-Unit Multifamily Waterfront Project in Philadelphia

by Taylor Williams

PHILADELPHIA — A partnership between Jefferson Apartment Group, Haverford Properties and AFL-CIO Building Investment Trust has completed a 470-unit multifamily project in Philadelphia’s Northern Liberties neighborhood. Rivermark Northern Liberties fronts the Delaware River and consists of two midrise residential buildings, 45,000 square feet of retail space that is anchored by a Sprouts Farmers Market and four acres of public green space. Units come in one-, two- and three-bedroom floor plans and range in size from 527 to 1,605 square feet. Amenities include a pool, rooftop lounges with speakeasys, two fitness centers, a courtyard with fire pits and grilling stations, a lounge, game room, micro offices and a pet spa. Citizens Bank and Santander Bank financed construction of the project. Rents start at roughly $1,900 per month for a one-bedroom apartment.

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LoansNew YorkNortheastRetail

PCCP Provides $36M Acquisition Loan for Long Island Shopping Center

by Taylor Williams

HEMPSTEAD, N.Y. — Los Angeles-based PCCP has provided a $36 million senior loan for the acquisition of The Hub Shopping Center, a 248,569-square-foot retail property that sits on a 28-acre site in the Long Island community of Hempstead. The borrower was New York City-based Agus Holdings. Tenants at the center, which was 99 percent leased at the time of sale, include The Home Depot, Stop & Shop, Old Navy and AT&T. The seller and sales price were not disclosed.

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DevelopmentLoansMultifamilyNew JerseyNortheast

JLL Arranges $13.1M in Construction Financing for Vroom Street Apartments in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — JLL has arranged $13.1 million in construction financing for Vroom Street Apartments, a 42-unit multifamily project that will be located in the Journal Square neighborhood of Jersey City. The property will house five studios, 14 one-bedroom units and 23 two-bedroom units with an average size of 913 square feet. Max Custer and Salvatore Buzzerio of JLL arranged the loan through First Bank on behalf of the developer, Urban Street Properties. Construction is slated for a fall 2025 completion.

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Leasing ActivityMassachusettsNortheastOffice

Commonwealth of Massachusetts Signs 106,000 SF Office Lease in Downtown Boston

by Taylor Williams

BOSTON — The Division of Capital Asset Management and Maintenance (DCAMM) for the Commonwealth of Massachusetts has signed a 10-year, 106,000-square-foot office lease in downtown Boston. The DCAMM handles facilities management and real estate services and is bringing together employees from six state agencies to two full floors at One Federal Street, a 1.1 million-square-foot building owned by Tishman Speyer. Occupancy is slated for early 2025. Jeffrey Moore and Victoria Robinson of Tishman Speyer negotiated the lease.

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AcquisitionsConnecticutMultifamilyNortheast

NEPCG Arranges Sale of 33-Unit Apartment Building in Norwalk, Connecticut

by Taylor Williams

NORWALK, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the sale of The Overlook Apartments, a 33-unit multifamily building located in the southern coastal Connecticut city of Norwalk. According to Apartments.com, the building was completed in 2023 and offers one-, two- and three-bedroom units as well as a fitness center. Rich Edwards and Jeff Wright of NEPCG brokered the deal. The buyer and seller were not disclosed.

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861-Sloan-Ave.-Hamilton-New-Jersey
DevelopmentIndustrialLoansNew JerseyNortheast

Lincoln Equities Group Receives $60.8M Construction Loan for Central New Jersey Industrial Project

by Taylor Williams

HAMILTON, N.J. — Lincoln Equities Group has received a $60.8 million construction loan for a 420,024-square-foot industrial project that will be located in the Central New Jersey community of Hamilton. The site at 861 Sloan Ave. spans 48 acres and offers proximity to both interstates 95 and 295. Building features will include a clear height of 40 feet, 84 loading docks, two drive-in doors and parking for 556 cars and 81 trailers. John Alascio, Chuck Kohaut, T.J. Sullivan and Jason Blankfein of Cushman & Wakefield arranged the loan through Los Angeles-based PCCP on behalf of Lincoln Equities, which is developing the property in partnership with PGIM. Cushman & Wakefield also previously arranged the sale of the site.

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