Sunday, November 23, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Northeast

540-DeGraw-St.-Brooklyn
DevelopmentLoansMultifamilyNew YorkNortheast

JLL Arranges $142M Construction Loan for Brooklyn Multifamily Project

by Taylor Williams

NEW YORK CITY — JLL has arranged a $142 million construction loan for Majestic, a 255-unit multifamily project located within a Qualified Opportunity Zone in Brooklyn’s Gowanus neighborhood. Designed by Handel Architects, the 12-story building will include 18,000 square feet of commercial space, and 25 percent of the units will be reserved as affordable housing. Christopher Peck, Nicco Lupo, Jeff Julien, Rob Hinckley and Jonathan Faxon of JLL arranged the loan through U.S. Bank on behalf of the borrower, a partnership led by Domain Cos.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansNew JerseyNortheast

Seven Hills Realty Provides $47M Acquisition Loan for Northern New Jersey Industrial Property

by Taylor Williams

PASSAIC, N.J. — Seven Hills Realty Trust (NASDAQ: SEVN), an affiliate of The RMR Group, has provided a $47 million acquisition loan for a 330,000-square-foot industrial property located at 153 Linden St. in the Northern New Jersey community of Passaic. JLL arranged the financing on behalf of the borrower, Thor Equities, which will use a portion of the proceeds to fund capital improvements.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCivicMassachusettsNortheastOffice

Colliers Brokers $7.6M Sale of Civic Building in Boston’s Back Bay Area

by Taylor Williams

BOSTON — Colliers has brokered the $7.6 million sale of an 8,350-square-foot civic building located at 136 Newbury St. in Boston’s Back Bay neighborhood. Kendin Carr, Caleb Hudak and John Real of Colliers represented the seller, Modern School of Fashion, in the transaction. The undisclosed buyer plans to convert the building into a contemporary office space.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareMassachusettsNortheast

Vantage Builders Completes 26,000 SF Medical Office Renovation Project in Metro Boston

by Taylor Williams

PEABODY, MASS. — Vantage Builders has completed a 26,000-square-foot medical office renovation project in Peabody, a northeastern suburb of Boston, that is a build-to-suit for North Shore Physicians Group. Shepley Bulfinch designed the project, which converted 17,000 square feet of ground-floor traditional office space into medical office space. Vantage also built out offices and training areas for administrators and medical office staff on the second floor as part of North Shore’s expansion plan and modified the plumbing, electrical and HVAC systems.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew JerseyNortheastRestaurantRetail

Korean Restaurant Signs 10,000 SF Lease in Neptune, New Jersey

by Taylor Williams

NEPTUNE, N.J. — KPOT Korean BBQ & Hot Pot has signed a 10,000-square-foot restaurant lease at Neptune Plaza Shopping Center in coastal New Jersey. The restaurant now has 10 locations throughout the Tri-State area. Kevin Pelio of Azarian Realty Co. represented the undisclosed landlord in the lease negotiations. Stephan Miller of Welco Realty represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
The-Reserve-at-Crosswicks-Bordentown
DevelopmentMultifamilyNew JerseyNortheast

Larken Associates Completes 272-Unit Multifamily Project in Bordentown, New Jersey

by Taylor Williams

BORDENTOWN, N.J. — Larken Associates has completed The Reserve at Crosswicks, a 272-unit multifamily project in the Southern New Jersey community of Bordentown. The garden-style property consists of seven buildings that house one- and two-bedroom units. Residences are furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities include a pool, fitness center, dog park, children’s play area, game room, lounge and package handling services. Rents start at $1,840 per month for a one-bedroom apartment.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

Cushman & Wakefield Negotiates Sale of 113,743 SF Industrial Portfolio in Newark

by Taylor Williams

NEWARK, N.J. — Cushman & Wakefield has negotiated the sale of a portfolio of five industrial buildings totaling 113,743 square feet in Newark. The portfolio, which comprises spaces ranging in size from 2,500 to 13,500 square feet, is currently leased to 22 tenants. Gary Gabriel, Kyle Schmidt, David Bernhaut and Ryan Larkin of Cushman & Wakefield represented the seller, Sitex Group, in the transaction. A joint venture between affiliates of Westbrook Partners and Camber Real Estate Partners acquired the portfolio for an undisclosed price.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMassachusettsNortheastRetail

Fantini & Gorga Arranges $12.5M in Financing for Metro Boston Retail Property

by Taylor Williams

BURLINGTON, MASS. — Locally based mortgage banking firm Fantini & Gorga has arranged $12.5 million in financing for One Wheeler Road, a 22,000-square-foot retail property located on the northern outskirts of Boston in Burlington. The undisclosed borrower will use the proceeds to redevelop One Wheeler Road and rebrand the property as Gateway Burlington. Casimir Groblewski and Colin Monahan of Fantini & Gorga placed the debt through a direct lender that also requested anonymity. Construction is underway and expected to be complete before the end of the year.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialLee & AssociatesNew JerseyNortheast

Lee & Associates Brokers Sale of 98,000 SF Industrial Complex in Clifton, New Jersey

by Taylor Williams

CLIFTON, N.J. — Lee & Associates has brokered the sale of a 98,000-square-foot industrial complex in the Northern New Jersey community of Clifton. The two-building, multi-tenant property sits on 3.5 acres at 31-35 Styertowne Road. Josh Krantz of Lee & Associates represented the seller, Kessler-Schwartz Associates, and procured the buyer, Longpoint Realty Partners, in the off-market transaction. The new ownership plans to invest in capital improvements and has also retained Lee & Associates to lease the property.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew JerseyNortheast

TSA Signs 47,000 SF Office Lease in Union, New Jersey

by Taylor Williams

UNION, N.J. — The Transportation Security Administration (TSA) has signed a 47,000-square-foot office lease in the Northern New Jersey township of Union. The tenant is expanding from a 41,000-square-foot subleased space at Liberty Hall Corporate Center, a five-story, 210,000-square-foot building. The lease term is 10 years. David Stifleman and Chris Conklin of JLL represented the landlord, a joint venture led by the Cali Family, in the lease negotiations. The representative of TSA was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts