MANCHESTER, CONN. — New York-based operator Connect55+ has begun leasing a 128-unit active adult community located at 140 Spencer St. in Manchester, about 10 miles east of Connecticut. Connect55+ Manchester offers one- and two-bedroom apartments that all have private patios/balconies. Amenities include a movie theater, fitness center, library and a community center. Information on starting rents was not disclosed. The facility is the first in Connecticut for Connect55+.
WOBURN, MASS. — CBRE has brokered the $11.2 million sale of a Woburn Plaza, a 31,994-square-foot shopping center located on the northern outskirts of Boston. Tenants at the property include West Marine, Eastern Bank and Mattress Firm. Nat Heald, Kyle Juszczyszyn, Connor Scott and Jordana Roet of CBRE represented the seller, locally based owner-operator Linear Retail Properties, in the transaction. The buyer was Chestnut Realty Management.
MIDDLETOWN, DEL. — Sprouts Farmers Market has opened an 23,000-square-foot store in Middletown, located north of Dover near the Maryland-Delaware border. The store is located at 431 Middletown Warwick Road and is the second in Delaware for the Phoenix-based grocer. About 80 people are expected to work at the store on full- and part-time bases.
NEW YORK CITY — Cushman & Wakefield has arranged the $48 million sale of two office and retail buildings totaling 144,251 square feet — 128,032 square feet of office space and 16,219 square feet of retail space — in Midtown Manhattan. The buildings are located at 303 W. 42nd St. and 300 W. 43rd St. in the Times Square area and were recently renovated. Retail users include Chick-fil-A, Smashburger, 7-Eleven, Little Italy Pizza and Dunkin’. Andrew Berry and Charlie Gravina of Cushman & Wakefield represented the sellers, a pair of limited liability companies, in the transaction. The buyer was a partnership between Blake Partners, JAM Real Estate Partners and The Straus Group.
JERSEY CITY, N.J. — BHI, the U.S. division of Israel’s Bank Hapoalim, has provided a $38.7 million construction loan for One Jones Park, a 75-unit multifamily project that will be located at 387 Eighth St. in Jersey City. The nine-story building will house 25 one-bedroom units, 47 two-bedroom apartments and three three-bedroom residences with an average size of 1,238 square feet, as well as ground- and second-floor retail space. Amenities will include a fitness center, children’s playroom and an indoor and outdoor resident lounge. The borrower is New York City-based developer EPIRE.
NANTUCKET, MASS. — Marcus & Millichap has brokered the sale of Old South Storage, a 198-unit facility on Nantucket, an island off the coast of Massachusetts. The property was built in 2018 and spans 17,344 net rentable square feet of climate-controlled space. Michael Palladino, Kevin Bledsoe and Matthew Junkin of Marcus & Millichap represented the undisclosed seller in the transaction. The sales price was $5.6 million, and the buyer was also undisclosed. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.
FREEHOLD, N.J. — Locally based developer Denholtz Properties has completed a 100,771-square-foot industrial flex project at 245 Willow Brook Road in Freehold, about 50 miles south of New York City. The single-story building offers units that range in size from 4,072 to 100,771 square feet, as well as 18 tailboard dock doors, a clear height of 28 feet and 165 onsite parking spaces. Zimmel Associates is marketing the property for lease.
VOORHEES, N.J. — Locally based firm CenterSquare Investment Management has purchased Cedar Hill Shopping Center, a 16,891-square-foot retail property located outside of Philadelphia in Voohees, N.J. The two-building center is located along State Route 73 and is home to tenants such as Starbucks, Orange Theory, UPS, Great Clips, Vitamin Shoppe and AT&T. The seller and sales price were not disclosed.
DEVENS, MASS. — Locally based developer King Street Properties has topped out a 210,659-square-foot advanced manufacturing project in the northwestern Boston suburb of Devens. The building at 75 Jackson Road will be the fourth such structure within the 700,000-square-foot Pathway Devens campus and will feature clear heights of 17 to 18 feet, with a maximum clear height of 38 feet in the high bay area. Preliminary sitework began this spring, and completion is slated for summer 2025. First Citizens Bank and Berkshire Bank are financing the development. The project team includes general contractor and construction manager BW Kennedy & Co., Vivo Architecture and Highpoint Engineering.
LUDLOW, MASS. — Regional affordable housing developer WinnCos. has completed The Residences at Mill 8, a mixed-income seniors housing project in Ludlow, located near Springfield in the western part of the state. The project converted a former mill building into an apartment complex with 95 units — 87 one-bedrooms and eight two-bedrooms — that are reserved for renters age 55 and above. The affordability component comprises 43 units for households earning 60 percent or less of the area median income (AMI) and 12 units for households earning 30 percent or less of AMI. The other 40 residences are rented at market rates. Amenities include onsite laundry facilities, a fitness room, resident lounge and several outdoor recreation areas, and the building also houses 48,000 square feet of commercial space. The Architectural Team designed the project, and Dellbrook | JKS served as the general contractor.