NEW YORK CITY — Eyewear retailer Warby Parker has opened a 2,564-square-foot store in the Park Slope neighborhood of Brooklyn. The two-story building is located at 208 Flatbrush Ave., near the Barclays Center. Brian Katz and Scott Sher of Katz & Associates represented Warby Parker in the lease negotiations. Pintchick Associates Ltd. is the landlord.
Northeast
JLL Income Property Trust Acquires Milford Crossing Shopping Center in Massachusetts for $42M
by Alex Patton
MILFORD, MASS. — JLL Income Property Trust, an institutionally managed daily NAV REIT, has acquired Milford Crossing, a 160,000-square-foot shopping center located approximately 40 miles southwest of Boston, for $42 million. A Stop & Shop grocery store anchors the shopping center, which was 99 percent leased to restaurants, medical, fitness and service-oriented retailers at the time of sale. RD Management LLC was the seller.
EAST RUTHERFORD, N.J. — Axis Global has signed a 53,361-square-foot industrial lease in East Rutherford, a western suburb of New York City. The company will occupy the entirety of 343 Murray Hill Parkway, an office building located next door to the Meadowlands Sports Complex. The building features 21-foot ceiling heights and convenient access to the Garden State Parkway and New Jersey Turnpike. Steve Elman of Cushman & Wakefield represented Axis Global in the lease negotiations. Patrick Lennon, Lorenzo Lambiase and Steve Pastor of NAI James Hanson represented the landlord, 343 Murray Hill Parkway Inc.
NEW YORK CITY — Walker & Dunlop Inc. has acquired New York City-based capital markets advisory firm AKS Capital Partners. Aaron Appel, Keith Kurland, Jonathan Schwartz and Adam Schwartz, who lead the 15-person AKS team, will join Walker & Dunlop as senior managing directors and co-heads of the New York capital markets practice. The team will focus on sourcing and structuring financing for all commercial real estate asset classes nationally, as well as expanding Walker & Dunlop’s client base and capital markets capabilities. The sales price was undisclosed.
NEW YORK CITY — CBRE has negotiated a 52,400-square-foot office lease for advertising agency Johannes Leonardo at Trinity Centre, a two-building office complex located at 111-115 Broadway. The company will take occupancy of the space beginning in July. Adam Foster, Brad Gerla, Adam Leshowitz and Mike Rizzo of CBRE represented the building owner, Capital Properties, in the lease negotiations. Daniel Breiman of Olmstead Properties represented Johannes Leonardo.
BOSTON — Samuel Adams has opened a 14,000-square-foot brewery and taproom in Boston’s Faneuil Hall Marketplace. The brewery will serve as an experimental facility for specialty brews. Along with Samuel Adams’ year-round beer roster, guests can taste taproom-exclusive offerings and share feedback directly with the brewers. The taproom will feature three bar floors with large community tables and a rooftop patio. The Boston Beer Co. owns the Samuel Adams brands. Bergmeyer Associates Inc. designed the space, and Gilbane Building Co. constructed it.
NKF Brokers $26M Sale of 6 Technology Drive Industrial Facility in Andover, Massachusetts
by Alex Patton
ANDOVER, MASS. — Newmark Knight Frank (NKF) has arranged the $26 million sale of 6 Technology Drive, a 128,400-square-foot industrial facility in Andover, located approximately 25 miles north of Boston. The building is fully leased to safety technology company Dräger Medical Systems as its North American headquarters. Edward Maher, Matthew Pullen and James Tribble led an NKF team that represented the seller, a partnership of Novaya Real Estate Ventures and Wheelock Street Capital. The buyer was undisclosed.
BioReference Laboratories Renews 50,429 SF Industrial Lease in Elmwood Park, New Jersey
by Alex Patton
ELMWOOD PARK, N.J. — Healthcare testing and diagnostic company BioReferece Laboratories Inc. has renewed its 50,429-square-foot industrial lease in Elmwood Park, a northwestern suburb of New York. The space is located at 491 Edward H. Ross Drive, a single-tenant building with 22-foot ceiling heights. Alfred Sanzari Enterprises is the owner and developer of the building.
HAMPTON, N.J. — CBRE has secured a 22,000-square-foot office lease in Hampton, a western suburb of New York City, for nonprofit organization The Arc of Hunterdon County. The space is located within a 277,000-square-foot office building at 53 Frontage Road. The organization plans to occupy the new space in April 2020. John Goodwin of CBRE represented The Arc of Hunterdon County in the lease negotiations. Shelbourne Global Solutions is the owner of the building.
NEWARK, N.J. — JLL has secured a 10,823-square-foot office lease extension for law firm Greenberg Dauber Epstein & Tucker in Newark. The space is situated within One Gateway, a 543,494-square-foot, Class A office building located at 7-45 Raymond Blvd. The firm signed a five-year lease extension and will continue to occupy the entire sixth floor of the building. Timothy Greiner, Blake Goodman and Colleen Maguire of JLL represented the building owner, Onyx Equities LLC.