PLAINFIELD, N.J. — Saadia Group LLC, a New York-based investor, has acquired a 135,668-square-foot industrial facility in Plainfield, a southwestern suburb of New York City. Located at 1700-1722 S. 2nd St., the property features convenient access to the Garden State Parkway as well as State Routes 287 and 78. The building was constructed in 1945. Jonathan Glick of Sheldon Gross Realty represented Saadia Group in the transaction. Second Street Associates sold the asset for an undisclosed price.
GARFIELD, N.J. — StorageBlue has opened a 650-unit self-storage facility in Garfield, a northwestern suburb of New York City. Located at 170 River Drive, the gross 60,000-square-foot facility is a redevelopment of a former macaroni factory. Piermont Bank financed the $6 million repositioning project. The company now operates five self-storage facilities, all of which are located in New Jersey and New York.
MIDDLETOWN, PA. — True Commercial Real Estate has negotiated a 3,500-square-foot retail lease for Great Clips at Mid-Town Plaza, a 102,000-square-foot retail center in the southeastern Harrisburg suburb of Middletown. A 59,000-square-foot Giant Supermarket anchors the shopping center, which is located at 450 E. Main St. Other tenants include Dollar Tree, AutoZone and H&R Block. The new lease brings the property to 100 percent occupancy. Steve Clipman of True Commercial represented Great Clips in the lease negotiations. Sidney Singer represented the landlord, Levin Management Corp., on an internal basis.
NEW YORK CITY — Entertainment and pop culture news outlet Uproxx has signed a 3,300-square-foot office lease in Manhattan’s Lower East Side. The company will occupy the entire seventh floor at 161 Bowery, a 25,000-square-foot office building originally built in 1920 and redeveloped in 2016. Uproxx, which is owned by The Warner Music Group, will relocate from a subleased space in the same building. Marx Realty owns the building. Both parties were represented internally in the lease negotiations.
NEW YORK CITY — JLL has brokered the $6.4 million sale of a residential development site located at 3041 Webster Ave. in The Bronx. The site currently houses a two-story, 15,140-square-foot warehouse that is owned and occupied by retailer Sam’s Carpet, but has been rezoned for a residential use. Karl Brumback, Eric Tiefen and Brian Streilein of JLL represented Sam’s Carpet in the transaction. Bolivar Development was the buyer. A construction timeline was not disclosed.
NEW YORK CITY — Local development and investment firm Jonathan Rose Cos. has acquired Tower West Apartments, a 217-unit multifamily property in Manhattan’s Upper West Side, for $93.8 million. Located at 65 W. 96th St., the 28-story building features a ground-floor terrace, community room, playground and onsite laundry facilities. The buyer plans upgrade the lobby, amenities and energy systems. The sale did not include the retail component of the asset. Rose Community Management has taken over management of the property. The seller was Starrett Corp., which originally developed the building in 1971.
NEW YORK AND BOSTON — Swedish construction company Skanska has begun a $40 million rehabilitation project for railway company Amtrak. The project will include structural modifications and industrial equipment upgrades for three maintenance facilities located in Boston, New York and Washington D.C. Skanska originally built the facilities 20 years ago and was contracted again to upgrade them to accommodate the upcoming Acela 21 high-speed rail service trains. Construction is slated for completion in the first quarter of 2021, and the new trains will be placed into service late next year.
BETHLEHEM, PA. — Medical supplies distributor TwinMed has signed a 189,721-square-foot industrial lease in Bethlehem, an eastern suburb of Allentown. TwinMed will occupy a space at 1198 Feather Way in Steel City Trade Center, a partially completed Class A logistics facility. Construction of TwinMed’s facility moved forward amid halts related to the COVID-19 outbreak. Another speculative distribution center is planned for completion later this year, which will bring the total footprint of the development to 294,240 square feet. Mark Chubb, Michael Zerbe, Summer Coulter and Christopher Volkert of Colliers International represented TwinMed in the lease negotiations. Vincent Ranalli of CBRE represented the owner and developer, a joint venture between Dallas-based Trammell Crow and New York-based Clarion Partners.
NEW YORK CITY — JLL has brokered the $10.8 million sale of 219-221 East 59th Street, two adjacent multifamily properties with ground-floor retail space in Midtown Manhattan. Each three-story building spans 10,560 square feet of space, including four residential units and 3,900 square feet of ground-floor retail space that were occupied by separate retail tenants at the time of sale. Tom Gammino and Clint Olsen led a JLL team that represented the seller, Gak Properties, in the transaction. Jeffrey Znaty of Kassin Sabbagh Realty represented the buyer, Cofinance Inc., the U.S. subsidiary of Cofinance Group SA.
PHILADELPHIA — The Wistar Institute, a nonprofit infectious disease and vaccine research institution, has preleased an 8,000-square-foot research lab space in Philadelphia. The space, which will be known as Wistar Discovery Center, will be located on the third floor of 3.0 University Place, a 250,000-square-foot life sciences office development in the University City area. Wistar will maintain its headquarters at 3601 Spruce St. The building is slated for completion in the third quarter of 2021. University Place Associates is the developer.