NEW YORK CITY — Affordable housing owner-operator Tredway has completed the renovation of Greene Clermont Houses, a 97-unit affordable seniors housing complex in Brooklyn. Built in 1985, the seven-story complex is located in the borough’s Fort Greene neighborhood and houses units that are reserved for renters earning 50 percent or less of the area median income. Renovations upgraded units’ flooring, lighting, kitchens and bathrooms, and the community room has been enhanced to include a new kitchen, wellness room, nurse’s station and resident services coordinator office. Tredway partnered with the New York City Department of Housing Preservation and Development on the project, which also served to preserve the property’s affordability status for another 40 years.
NEW YORK CITY — Marcus & Millichap has brokered the $17.5 million sale of a 26,624-square-foot retail building in the Bushwick area of Brooklyn. The building at 321 Starr St. houses 10 units, and tenants include MetroRock, 48 Cypress and New York Film Lab. Shaun Riney, Michael Salvatico, Scott Plasky and Alexander Arustamanian of Marcus & Millichap represented the seller and procured the Canadian buyer in the transaction. Both parties requested anonymity.
Fisher Development, Olnick Complete Renovation of 1 MSF Mixed-Use Building in Morristown, New Jersey
MORRISTOWN, N.J. — Fisher Development Associates and the Olnick Organization have completed the renovation of HQ Plaza, a 1 million-square-foot mixed-use building located in the Northern New Jersey community of Morristown. The complex comprises 650,000 square feet of office space, 100,000 square feet of retail, restaurant and entertainment space, a 256-room Hyatt-branded hotel, a 40,000-square-foot gym and a 10-screen AMC movie theater, all situated atop a 3,000-space parking garage. The renovation included a revitalized main concourse linking the office towers and the Hyatt hotel that features lounge areas, dining spaces and adaptable workspaces. The project team, which included international design firm Gensler, also upgraded the tenant amenity lounge and redesigned the 50,000-square-foot outdoor plaza.
VALLEY COTTAGE, N.Y. — Walker & Dunlop has arranged a $45 million bridge loan for the refinancing of Lincoln Logistics Center, a roughly 220,000-square-foot industrial property in Valley Cottage, about 30 miles north of New York City. The facility sits on a nearly 20-acre site and features a clear height of 36 feet, 34 loading dock doors, two drive-in doors and 123 car parking spaces foot clear heights. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the loan on behalf of the owner, a joint venture between PCCP LLC and Lincoln Equities Group. Rialto Capital Management provided the financing.
WESTBOROUGH, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the $10 million sale of 9 West Plaza, a 35,371-square-foot neighborhood retail center in Westborough, about 30 miles west of Boston. The center is home to tenants such as Dollar Tree, Chipotle Mexican Grill, PetMedic, Jersey Mike’s, FedEx and Smileland Pediatric Dentistry. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital represented the seller in the transaction. Will Kelleher of Kelleher Sadowsky represented the buyer. Both parties requested anonymity.
WOBURN, MASS. — CBRE has brokered the sale of a 76,701-square-foot medical office building in Woburn, located north of Boston. Winchester Hospital anchors the outpatient building, which is known as 200 Unicorn Park, and Excel Orthopedic Specialists occupies the remaining space. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin, Corra John, Scott Dragos and Josh Kulak of CBRE represented the undisclosed seller in the transaction. The buyer was Boston-based Sendero Capital.
BURLINGTON, MASS. — Three new tenants have signed leases at Wayside, a 193,000-square-foot shopping center located in the northern Boston suburb of Burlington. Diamonds & Pearls by David’s Bridal is already open at the property, as is Golf Galaxy, which operates a 16,000-square-foot venue. Contemporary Japanese restaurant Hinoki will open in early 2026. Regional owner-operator Wilder Cos. manages Wayside, which is anchored by L.L. Bean and features more than 30 shops and restaurants.
CLIFFSIDE PARK, N.J. — A joint venture between two New York City-based firms, Hyperion Group and Benenson Capital, has acquired The Centre, a 16-story apartment building located in the Northern New Jersey community of Cliffside Park, for $165 million. The Centre consists of 314 units that come in studio, one- and two-bedroom units and range in size from 564 to 1,385 square feet. Amenities include a pool, health club, lounge, billiards and card room, spa and 24-hour concierge services. The Centre also houses 52,000 square feet of commercial space across two stories. The seller was not disclosed.
NEW YORK CITY — Marcus & Millichap has arranged the $7.3 million sale of a 40-unit apartment building in Queens. The five-story building at 27-08 39th Ave. was originally constructed in 1929 and offers studio, one- and two-bedroom units, eight of which (20 percent) are subject to rent restrictions. Matt Fotis and Lazarus Apostolidis of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Steve Filippo of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.
MORGANVILLE, N.J. — CBRE has brokered the $6.9 million sale of an industrial outdoor storage (IOS) facility in the Central New Jersey community of Morganville. The 21,000-square-foot facility at 173 Amboy Road was originally constructed in 1988, and the property includes 4.8 acres of outdoor storage space. Liam McGregor, Mark Silverman, Brian Fiumara and Elli Klapper of CBRE represented the buyer, private industrial investment firm Genesis, in the off-market transaction. The seller was not disclosed.