NEW YORK CITY — Tishman Speyer has purchased 148 Lafayette Street, a 12-story office building in Manhattan’s SoHo District, for $105.5 million. Constructed in 1913 and most recently renovated in 2017, the 153,000-square-foot building was fully leased at the time of sale to tenants such as venture capital firm General Catalyst and beauty and cosmetics firm Charlotte Tilbury. The building’s retail space is also fully leased to boxing gym Five Points Academy and clothing store 260 Sample. Adam Spies and Avery Silverstein of Newmark represented the seller, EPIC, an investment firm with offices in New York City and London, in the transaction. Blackstone provided $68.3 million in acquisition financing for the deal.
Northeast
ROSELLE PARK, N.J. — Greystone has provided an $80 million bridge loan for the refinancing of Meridia Roselle Park 10, a 325-unit apartment community located in the Northern New Jersey borough of Roselle Park. According to Apartments.com, the property offers one- and two-bedroom units that range in size from 582 to 952 square feet. Drew Fletcher and Miryam Reinitz-Kops of Greystone originated the loan, which was structured with a two-year term and a floating interest rate, on behalf of the borrower, Capodagli Property Co.
NEW JERSEY — Cushman & Wakefield has brokered the $5.7 million sale of six vacant bank branches in Northern New Jersey. The properties — located in Hillsborough, Franklin, Morganville, Elmwood Park, Montclair and Bayonne — offer a range of features and opportunities for repurposing or redevelopment. Andrew Schwartz, Jordan Sobel, André Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the various regional and national banks that owned the properties in the transactions. The names of the various private buyers that acquired the assets were also not disclosed.
ROSELLE PARK, N.J. — Locally based brokerage firm The Kislak Co. Inc. has arranged the $4.1 million sale of a 24-unit apartment complex located in the Northern New Jersey community of Roselle Park. The three-story building at 336 E. Westfield Ave. houses six studios, 17 one-bedroom units and a rental house with onsite parking for tenants. About half (13) of the units were recently renovated with new kitchens and bathrooms, and the property also recently received a new roof and common area upgrades. Andrew Scheinerman and Jeff Squires of Kislak brokered the deal. Both parties were limited liability companies that requested anonymity.
CARTERET, N.J. — Newmark has negotiated a 65,817-square-foot industrial lease in the Northern New Jersey community of Carteret. According to LoopNet Inc., the building at 100 Middlesex Ave. was constructed on a 16.9-acre site in 1989 and totals 416,000 square feet. Kyle Eaton, Robert Loderstedt, Michael Schipper and Haylee McCabe of Newmark represented the tenant, automotive parts reseller and e-commerce platform Bay Speed, in the lease negotiations. The name and representative of the landlord were not disclosed.
MANCHESTER, PA. — Missouri-based NorthPoint Development will build a 1 million-square-foot speculative industrial facility in Manchester, located roughly midway between York and Harrisburg. Designed by studioNorth Architecture with civil engineering work by SitePoint, the building will be the second within Manchester Commerce Park and will feature a clear height of 40 feet, 112 overhead doors, four drive-in doors and parking for 759 cars and 220 trailers. Peak Construction Corp. is the general contractor for the project, construction of which is slated for an early 2026 completion.
SOMERSET, N.J. — CBRE has negotiated the sale of Cottontail Logistics Center, a 236,000-square-foot industrial property located in the Northern New Jersey community of Somerset. The two-building property was completed in 2024 and features a clear height of 36 feet, 65 loading docks and 98 car parking spaces. Brian Fiumara and Elli Klapper of CBRE brokered the transaction. Cottontail Logistics Center was fully leased at the time of sale.
SMITHFIELD, R.I. — Organogenesis Holdings Inc., a provider of regenerative medicines, has signed a 123,000-square-foot life sciences lease in Smithfield, a northwestern suburb of Providence. Organogenesis will occupy the entirety of the biomanufacturing facility at 100 Technology Way. Robert Coughlin and Bobby Jangro of JLL represented the tenant in the lease negotiations. Mark Winters and Tyler McGrail of Newmark represented the landlord, The Davis Cos., which bought the property in February 2023.
TROY, N.Y. — Regional brokerage firm Adirondack Capital Partners has arranged the $9.4 million sale of Overlook Apartments, a 74-unit multifamily complex in Troy, located just north of Albany. The property was built in 2016. According to Apartments.com, units come in one- and two-bedroom floor plans, and amenities include a game room, lounge, picnic areas and onsite laundry facilities. Michael Hunter Coghill of Adirondack Capital Partners represented both the seller, an entity doing business as Overlook Revive LLC, and the buyer, Corridor Ventures, in the transaction.
BEVERLY, MASS. — Locally based owner-operator The Procopio Cos. has begun leasing Amara, a 60-unit apartment complex in Beverly, a northeastern suburb of Boston. Amara offers studio, one-, two-bedroom units and amenities such as a rooftop deck, fitness center and work-from-home space. SV Design served as the architect for the project, which Procopio developed in partnership with another local developer, Beverly Crossing. Rents start at $2,585 per month for a studio apartment.