NORTH CONWAY, N.H. — Tractor Supply Co. has opened a 39,097-square-foot store in North Conway, located near the New Hampshire-Maine border. The facility, which was constructed from the ground up, consists of 19,097 square feet of retail space and 20,000 square feet of fenced outdoor display space. The store is the 21st in New Hampshire for Nashville-based Tractor Supply Co. Conway Development Partners LLC, a division of New England Retail Properties, owns the site.
NEW YORK CITY — The American National Standards Institute (ANSI), which oversees the development of voluntary consensus standards, has signed a 22,819-square-foot office lease at 1180 Avenue of the Americas in Midtown Manhattan. The nonprofit organization will occupy the entire 10th floor of the 398,937-square-foot building. Mark Boisi, Bryan Boisi, Michael Baraldi and Harry Blair of Cushman & Wakefield represented the landlord, Northwood Investors, in the lease negotiations. Michael Burgio, also with Cushman & Wakefield, represented ANSI.
NEW YORK CITY — Marcus & Millichap has brokered the $41 million sale of a portfolio of five multifamily buildings in Manhattan’s East Village area totaling 73 apartments and six commercial spaces. The buildings primarily house market-rate units. Joe Koicim, Logan Markley, Matthew Berger and Zan Colin of Marcus & Millichap represented the seller, Kushner Cos., in the transaction. The buyer was not disclosed.
ALLENTOWN, PA. — Northmarq has arranged the sale of Red Maple Acres, a 202-site manufactured housing property in the Lehigh Valley city of Allentown. Red Maple Acres was built in 1960 and was 98 percent occupied at the time of sale. Ari Azarbarzin and Anthony Pino of Northmarq represented the seller, an entity doing business as Red Maple Acres LLC, in the transaction. The buyer and sales price were not disclosed.
TAUNTON, MASS. — Boston-based investment firm Rhino Capital Advisors will develop a 180,000-square-foot manufacturing facility in Taunton, located south of Boston near the Massachusetts-Rhode Island border. The site spans 11.2 acres within Myles Standish Industrial Park, and the building will feature five loading docks and 270 parking spaces. CrowdStreet raised $11.5 million in funding for the project, construction of which is scheduled to begin in the first quarter and to last about a year.
PITTSBURGH — New Jersey-based Tryko Partners has begun leasing Cedarwood Homes, an age-restricted affordable housing project located at the site of the former Fairywood School in Pittsburgh. The majority (39) of the one-bedroom units are reserved for renters earning 60 percent or less of the area median income. Merchants Capital provided $11 million in project financing, and The Pennsylvania Housing Finance Agency awarded 9 percent Low-Income Housing Tax Credits to the developer to fund the project. Construction began last summer.
ANNAPOLIS, MD. — Annapolis, Md.-based investment firm Realterm has acquired three industrial outdoor storage sites totaling 24.8 acres in the Northeast. The sites are located in the metro areas of Boston, Providence and Philadelphia and are all utilized as truck terminals, with a combined capacity to support 163 such vehicles. Realterm acquired the sites from logistics giant Yellow Corp. as part of its Chapter 11 bankruptcy proceedings. The sales price(s) was not disclosed.
NEW YORK CITY — Cushman & Wakefield has arranged a $75 million construction loan for a 157-unit multifamily project that will be located at 255 E. 39th St. in the Manhattan’s Murray Hill neighborhood. The 20-story building will include 4,687 square feet of commercial space as well as an affordable housing component. Gideon Gil, Lauren Kaufman, Zachary Kraft and Cecelia Galligan of Cushman & Wakefield arranged the financing through J.P. Morgan and First Citizens Bank on behalf of the borrower and developer, Brause Realty. Completion is slated for late 2025.
BAYPORT, N.Y. — Metropolitan Realty Associates (MRA) has purchased a 75,000-square-foot cold storage facility in the Long Island community of Bayport for $12.6 million. Commercial baker Europastry formerly occupied the facility at 33 Rajon Road, which was originally built in 1986, according to LoopNet Inc. Building features include a clear height of 40 feet, 35,000 square feet of freezer space, 11 loading docks and two drive-in doors. Nick Gallipoli of Cushman & Wakefield represented the undisclosed seller in the transaction. Doug Omstrom of JLL represented MRA, which has subsequently inked a 15-year, full-building lease with Bakery Processing Solutions.
BALA CYNWYD, PA. — Federal Realty Investment Trust (NYSE: FRT) has received approval for a multifamily project in Bala Cynwyd, a northwestern suburb of Philadelphia. The development will add 217 residential units above 16,000 square feet of retail space in the former Lord & Taylor building. Federal Realty is redeveloping the site to ultimately feature more than 300 apartments and 190,000 square feet of retail space for a total investment of $170 million. Construction on the new multifamily complex is slated to begin this spring and to be complete in summer 2026.