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Northeast

1200-Crown-Colony-Quincy
AcquisitionsMassachusettsNortheastOffice

FoxRock Properties Acquires 236,491 SF Office Building in Quincy, Massachusetts

by Taylor Williams

QUINCY, MASS. — Locally based investment firm FoxRock Properties has acquired 1200 Crown Colony, a 236,491-square-foot office building in Quincy, a southern suburb of Boston. The building is located within a larger development known as Crown Colony Office Park, which is situated adjacent to a public transit station and the I-93 and U.S. Route 3 interchange. Amenities include a newly renovated lobby, fitness center, exercise lawn, coffee bar and a full-service café. The seller and sales price were not disclosed.

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930-on-Broadway
Affordable HousingLoansMultifamilyNew YorkNortheast

KeyBank Provides $14.2M Agency Loan for Refinancing of Albany Workforce Housing Property

by Taylor Williams

ALBANY, N.Y. — KeyBank Real Estate Capital has provided a $14.2 million Fannie Mae loan for the refinancing of 930 on Broadway, an 81-unit workforce housing community in Albany. The four-story building sits on a 1.5-acre site and houses one-, two- and three-bedroom units, as well as 12,155 square feet of commercial space. Half the residences are reserved for households earning 80 percent or less of the area median income. Dirk Falardeau and Mark Flanders of KeyBank arranged the debt on behalf of the borrower, Redburn Development Partners.

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DevelopmentIndustrialLife SciencesMassachusettsNortheast

Partnership Delivers 168,000 SF Life Sciences, Manufacturing Project in Bedford, Massachusetts

by Taylor Williams

BEDFORD, MASS. — A partnership between Redgate, Optimum Asset Management and AEW Capital Management has delivered Riverwalk Labs, a 168,000-square-foot life sciences and manufacturing project in Bedford, about 20 miles northwest of Boston. The developers converted a former office building into a facility with 20,000-square-foot lab and office suites, as well as four separate tenant lobbies and multiple loading docks. Ci Design served as the project architect, and J. Calnan & Associates served as the general contractor.

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DevelopmentMultifamilyNew JerseyNortheast

Garden Communities Begins Leasing 126-Unit Apartment Complex in Florham Park, New Jersey

by Taylor Williams

FLORHAM PARK, N.J. — Locally based developer Garden Communities has begun leasing 147 Columbia, a 126-unit apartment complex in the Northern New Jersey community of Florham Park. The site formerly housed an office building, and the redevelopment began last year. Units come in one- and two-bedroom floor plans and range in size from 861 to 1,535 square feet. Residences are furnished with stainless steel appliances, custom cabinetry and individual washers and dryers. Rents start at $2,600 per month for a one-bedroom apartment.

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DevelopmentNortheastPennsylvaniaRetail

Bass Pro Shops to Open 100,000 SF ‘Outdoor World’ Store Near Pittsburgh

by Taylor Williams

SOUTH FAYETTE, PA. — Bass Pro Shops will open a 100,000-square-foot store in South Fayette, a southwestern suburb of Pittsburgh. The outdoor apparel and equipment retailer will operate the two-level store under its “Outdoor World” brand, which features experiential offerings like a gift and nature center. The store, which will be the company’s third in Pennsylvania, is expected to open in 2026 and employ about 130 people.

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301-Crossroads-Blvd.-Logan-Township
IndustrialLeasing ActivityNew JerseyNortheast

Aramsco Inc. Signs 117,000 SF Industrial Lease in Logan Township, New Jersey

by Taylor Williams

LOGAN TOWNSHIP, N.J. — Aramsco Inc., a distributor of disaster recovery supplies, has signed a 117,000-square-foot industrial lease in Logan Township, located just southwest of Philadelphia. The space is located within Logan North, a seven-building, 3.2 million-square-foot development by Greek Real Estate Partners and Advance Realty Investors. Dean Torosian, Nate Demetsky, Matt Kemery and Paul Torosian of JLL represented ownership in the lease negotiations. Ryan Bowie of ICON Commercial, along with Colin Flynn, David Ricci and Brando Casalicchio from Flynn Cos., represented the tenant.

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CivicLeasing ActivityNew YorkNortheast

Bedford Stuyvesant New Beginnings to Open 51,498 SF High School in Brooklyn

by Taylor Williams

NEW YORK CITY — Bedford Stuyvesant New Beginnings Charter School will open a 51,498-square-foot high school facility within a luxury condo building at 217 N. 10th St. in the Williamsburg area of Brooklyn. The lease term is 35 years. The charter school plans to relocate from 82 Lewis Ave. and occupy three of the building’s six floors in advance of the fall 2024 semester. Josh Berger of Norman Bobrow & Co. represented the school in the lease negotiations. Jason Frazier and Jesse de la Rama of CBRE represented the landlord, Largo Development.

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AcquisitionsNortheastPennsylvaniaRetail

Marcus & Millichap Brokers $7M Sale of Shopping Center in Parkesburg, Pennsylvania

by Taylor Williams

PARKESBURG, PA. — Marcus & Millichap has brokered the $7 million sale of Parkesburg Shopping Center, a 53,319-square-foot retail center located about 50 miles west of Philadelphia. Grocery Outlet and Planet Fitness anchor the 7.7-acre property, which recently underwent a capital improvement program. Other tenants include the U.S. Post Office and Dollar General. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. The deal traded at a cap rate of 7.5 percent.

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AcquisitionsConnecticutMultifamilyNortheast

Chozick Realty Arranges $4M Sale of Apartment Building in Winsted, Connecticut

by Taylor Williams

WINSTED, CONN. — Locally based brokerage firm Chozick Realty has arranged the $4 million sale of The Mill at Still River, a 39-unit apartment building in Winsted, about 25 miles northwest of Hartford. The building was originally constructed as an industrial facility in 1887 and converted to residential use in 1986. Steve Pappas of Chozick Realty represented the buyer and seller, both of which requested anonymity, in the transaction.

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HealthcareLeasing ActivityNew YorkNortheast

SightMD Signs 9,409 SF Healthcare Lease in Yonkers, New York

by Taylor Williams

YONKERS, N.Y. — SightMD has signed a 9,409-square-foot healthcare lease in Yonkers, a northern suburb of New York City. The provider of ophthalmology services will take space at One Executive Center, a four-story, 133,768-square-foot building. Scott Berfas and Glenn Walsh of Newmark represented the tenant in the lease negotiations. The locally based landlord, Simone Development, was self-represented.

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