Northeast

TMRW Life Sciences Inks 38,000 SF Lease Expansion at 250 Hudson Street in Manhattan

by Taylor Williams August 16, 2021

NEW YORK CITY — TMRW Life Sciences, which provides management systems and solutions for in vitro fertilization, has signed a 38,000-square-foot lease at 250 Hudson Street in Manhattan. The tenant currently occupies a portion (5,500 square feet) of the seventh floor of the 15-story building and will relocate from that space to occupy the entire sixth floor and part of the ground floor. Mitti Liebersohn of Avison Young represented TMRW Life Sciences in the lease negotiations. Brett Greenberg and Adam Rappaport represented the landlord, Jack Resnick & Sons, on an internal basis.

August 16, 2021

Loans New Jersey Northeast Retail

Axiom Capital Places $17.8M Loan for Refinancing of Retail Building in Hillsdale, New Jersey

by Taylor Williams August 16, 2021

HILLSDALE, N.J. — Axiom Capital Corp. has placed a $17.8 million loan for the refinancing of a 63,000-square-foot retail building in the Northern New Jersey community of Hillsdale. An undisclosed bank provided the loan to the borrower, a private investor and developer. The property has been leased to a single tenant on a triple-net basis since 1979 and was also renovated between 2016 and 2017.

August 16, 2021

Acquisitions New Jersey Northeast Retail

Cushman & Wakefield Brokers $13.5M Sale of Retail Center in North Arlington, New Jersey

by Taylor Williams August 16, 2021

NORTH ARLINGTON, N.J. — Cushman & Wakefield has brokered the $13.5 million sale of Arlington Plaza, a 37,603-square-foot retail center in North Arlington, about 15 miles west of New York City. Grocer Super Foodtown anchors the property, and other tenants include Dunkin’, Taco Bell and Santander Bank. Seth Pollack, Brian Whitmer, Max Helfman, Andrew Merin, David Bernhaut and Gary Gabriel of Cushman & Wakefield represented the seller, Arlington North Associates, and procured the buyer, a privately held investment firm.

August 16, 2021

Acquisitions New York Northeast Retail

Midwood Investment & Development Sells Retail Property in The Bronx for $9.8M

by Taylor Williams August 16, 2021

NEW YORK CITY — Locally based firm Midwood Investment & Development has sold an 8,867-square-foot retail property located in the Riverdale neighborhood of The Bronx for $9.8 million. The property is leased to Bank of America and Montefiore Medical Center. Steven Siegel, Judson Kauffman and Philip Biancavilla of Marcus & Millichap represented Midwood in the transaction. The buyer was an undisclosed, New York City-based investor.

August 16, 2021

Industrial Leasing Activity New Jersey Northeast

Desktop Metal Signs 7,571 SF Industrial Lease in Whippany, New Jersey

by Taylor Williams August 16, 2021

WHIPPANY, N.J. — Desktop Metal, a provider of 3-D printing services, has signed a 7,571-square-foot industrial lease in Whippany, about 35 miles west of New York City. The company will occupy space at a 57,000-square-foot former manufacturing facility that is situated on a 5.5-acre site at 60 S. Jefferson Road. The landlord, New Jersey-based Tulfra Real Estate, acquired the property in 2014.

August 16, 2021

Development Industrial Life Sciences Northeast Pennsylvania

DHL Supply Chain Begins Work on 970,000 SF Warehouse in Lebanon, Pennsylvania, Will Create 200 Jobs

by Taylor Williams August 13, 2021

LEBANON, PA. — Logistics firm DHL Supply Chain has begun construction on a 970,000- square-foot warehouse in Lebanon, a suburb of Harrisburg. The project will house manufacturing, storage and distribution space that will serve the healthcare and life sciences industries. DHL Supply Chain is constructing another building at the site as part of an initiative to invest $88 million in the regional economy and create about 200 new jobs. The first building is scheduled to be complete in the first quarter of next year.

August 13, 2021

Development Multifamily New Jersey Northeast

Accurate Builders & Developers Completes 256-Unit Apartment Complex in Raritan, New Jersey

by Taylor Williams August 13, 2021

RARITAN, N.J. — New Jersey-based Accurate Builders & Developers has completed Crossings at Raritan Station, a 256-unit apartment complex in Raritan, located in the northern-central part of the Garden State. Designed by Devereaux and Associates, the transit-oriented property features studio, one- and two-bedroom units with quartz countertops, stainless steel appliances, tile backsplashes and modern espresso cabinets. Private balconies are also available in select residences. Amenities include a coffee bar, fitness center, tennis court, basketball court, dog park, meditation garden, outdoor grilling areas and Amazon package lockers. Monthly rental rates start at $1,892 for a studio unit. Leasing of the initial 113-unit phase began in May.

August 13, 2021

Connecticut Leasing Activity Northeast Office

Encompass Digital Media Signs 136,366 SF Office Lease in Stamford, Connecticut

by Taylor Williams August 13, 2021

STAMFORD, CONN. — Encompass Digital Media has signed a 136,366-square-foot office lease at Shippan Landing, a six-building waterfront office campus that is located on a 17-acre site in Stamford. David Block, Steven Greenbush and Joe Coleman of CBRE represented the tenant in the lease negotiations. Trip Hoffman, Adam Klimek and Mike Norris of Cushman & Wakefield represented the owner, a joint venture between developers George Comfort & Sons and Rubenstein Partners LP. Peter Duncan and Dana Pike of George Comfort & Sons also worked on the deal on an internal basis. Encompass Digital Media has occupied space at the campus since 1994, and this transaction extends its commitment term for six more years.

August 13, 2021

Loans Multifamily New York Northeast Seniors Housing

Axiom Capital Arranges $17.4M Loan for Refinancing of Independent Living Property in Upstate New York

by Taylor Williams August 13, 2021

SARATOGA SPRINGS, N.Y. — Axiom Capital LLC has arranged a $17.4 million loan for the refinancing of a 178-unit independent living community located in the Upstate New York city of Saratoga Springs. Units at the property, which was built on 14 acres in the late 1990s, feature stainless steel appliances and enclosed balconies. Amenities include a bank branch, a full-service restaurant, library, fitness facility with steam and sauna, health spa and unisex salon, lounges, putting green and an arts and crafts studio. An undisclosed life insurance company provided the nonrecourse loan, which was structured with a 10-year term and a fixed interest rate. The locally based borrower has owned and operated the facility since its construction.

August 13, 2021

Acquisitions New Jersey Northeast Office

Marcus & Millichap Brokers $12.5M Sale of Office Building in Summit, New Jersey

by Taylor Williams August 13, 2021

SUMMIT, N.J. — Marcus & Millichap has brokered the $12.5 million sale of a 19,971-square-foot office building in Summit, located about 25 miles west of New York City. Alan Cafiero, Ben Sgambati and David Cafiero of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies that requested anonymity, in the transaction. Energy Capital Partners occupies the building.

August 13, 2021

Newer Posts

Older Posts