PEEKSKILL, N.Y. — Regional grocer Apple Farm has signed a 25,000-square-foot retail lease at Peekskill Plaza, a 68,000-square-foot retail center in Peekskill, New York. Peekskill Plaza is now 100 percent leased to a tenant roster including CVS, McDonald’s and Trustco Bank. Joshua Jacobs of Goldschmidt & Associates represented Apple Farm in the lease negotiations. Eric Goldschmidt of Goldschmidt & Associates represented the landlord, undisclosed landlord in the lease negotiations.
EDISON, N.J. — E-commerce distributor Romark Logistics has signed a 249,853-square-foot industrial lease in Edison, a southwestern suburb of New York. Located at 145 Talmadge Road, the property offers 28-foot ceiling heights as well as close access to the New Jersey Turnpike, Newark Liberty International Airport and the Port of Newark. Scott Belfer of CBRE represented Romark Logistics in the lease negotiations. Scott Belfer, Nicholas Nitti and Lou Belfer of CBRE represented the landlord, which was undisclosed.
FORT WASHINGTON, PA. — Nonprofit senior living organization Acts Retirement-Life Communities has acquired an 80,000-square-foot office building in Fort Washington, a northern suburb of Philadelphia. The company will move its operations from West Point, where it has been headquartered since 1989, and will be the sole occupant of the new building. The office complex was built in 2006 and will serve Acts Retirement’s primary base of operations for its 26 senior living campuses located throughout the East Coast, including 12 in the greater Philadelphia area. Employees have already begun transferring to the new office, completion of which is slated for December. The sales price was undisclosed.
WEST NEW YORK, N.J. — National Realty Investment Advisors is underway on development of The Station, a $49 million apartment building in West New York, located across the Hudson River in New Jersey. The property will comprise 97 one- and two-bedroom apartments with a rooftop deck, fitness center and club room. The building is located directly across the street from the Bergenline Light Rail Station. The Station will be open to residents in 2021.
BRATTLEBORO, VT. — The Brattleboro Museum & Art Center (BMAC) and M&S Development have revealed development plans for a proposed $30 million art gallery and museum in Brattleboro, located in southern Vermont. The 55,000-square-foot building will feature art galleries, classrooms, a café and 24 apartment units. Boston-based Schwartz/Silver Architects is designing the project in collaboration with local architect Stevens & Associates. BMAC is currently raising funds for the project, and the timeline of construction was undisclosed.
NEWTON, MASS. — Austin Street Partners, a joint venture between Oaktree Development and Dinosaur Capital Partners, has completed 28 Austin, a 68-unit multifamily development with 5,000 square feet of ground-floor retail space in Newton, a western suburb of Boston. Resident amenities include a fitness room, dog park, resident lounge and rooftop seating with a fire pit. Residents have already moved in. Caffé Nero, a bakery and café, is expected to open in early 2020.
PORTLAND, MAINE — CBRE has brokered the $20.8 million sale of Bayside Village, a 101-unit apartment community in Portland, located approximately 60 miles south of Augusta. Located at 32 Marginal Way, Bayside Village comprises a five-story residential building with 3,300 square feet of ground-floor retail space. Amenities include bike storage, a resident lounge, business center with print station, laundry facility, outdoor space and a billiards room. The property previously served as a student housing community. The buyer, Port Properties, plans to upgrade the property to increase the overall unit count to 206 residences. Simon Butler and Biria St. John of CBRE, along with Dan Greenstein of The Boulos Company, represented the seller, Blue Vista. The CBRE team worked with Joe Porta of Porta & Co. to procure Port Properties as the buyer.
BOSTON — Pennrose Development and LGBTQ Senior Housing Inc. have unveiled plans to convert William Barton Rogers Middle School in Boston’s Hyde Park neighborhood into a 74-unit, LGBTQ-supported affordable seniors housing community. The $33 million project will transform the existing structure into a residential building with 74 units of income-restricted rental units. Tenants must be at least age 62, and the community will be specifically welcoming to seniors who identify as LGBTQ, according to the developers. The original school was built in 1899 on 74,000 square feet of land and closed in June 2015. Boston-based architecture firm DiMella Shaffer designed the project. A construction timeline was not disclosed.
NEW YORK CITY — Monticello Asset Management LLC has provided a $40 million loan for the refinancing of an assisted living facility in The Bronx. The borrower and name of the facility, which features 256 beds, were not disclosed. The borrower recently completed an extensive renovation of the facility, including updates to the resident rooms, lobby, common areas and landscaping. Monticello provided the long-term financing for the borrower after it received full licensure in New York and has since stabilized the operations and performance of the facility.
ORANGE, CONN. — Scannell Properties is underway on construction of a 47,178-square-foot distribution center in Orange, a western suburb of New Haven. Located at 161 Marsh Hill Road, the facility will feature 76 loading docks, 5,858 square feet of office space and an additional 9,680-square-foot maintenance facility. Meridian Design Build is the general contractor. Construction is slated for completion in June 2020.