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Northeast

Hamburg-Logistics-Center
AcquisitionsIndustrialNortheastPennsylvania

JLL Negotiates Sale of 518,140 SF Industrial Facility in Hamburg, Pennsylvania

by Taylor Williams

HAMBURG, PA. — JLL has negotiated the sale of a 518,140-square-foot industrial facility in Hamburg, about 80 miles northwest of Philadelphia. Hamburg Logistics Center features a cross-dock configuration, a clear height of 40 feet, ESFR sprinkler system, 185-foot truck court depths, 100 dock doors, four drive-in doors and speculative office space. John Plower, Ryan Cottone, Zach Maguire, Jeff Lockard and Paul Torosian of JLL represented the seller, a joint venture between Transwestern Development Co. and QuadReal Property Group, in the transaction. Chad Orcutt, Jon Mikula and Jim Cadranell, also with JLL, arranged acquisition financing on behalf of the buyer, Los Angeles-based PCCP LLC.

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AcquisitionsNew JerseyNortheastOffice

Town of Wallingford Buys 45,320 SF Office Building in Southern Connecticut

by Taylor Williams

WALLINGFORD, CONN. — The Town of Wallingford, located in southern Connecticut, has purchased a 45,320-square-foot office building located at 4 Fairfield Blvd. The sales price was $4.1 million. The municipality plans to use 25,565 square feet of the building to house the offices of its board of education. Frank Hird of locally based brokerage firm O,R&L Commercial represented the seller, an entity doing business as  CT Wallingford Realty Partners, in the transaction.

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DevelopmentNortheastOfficePennsylvania

Entrepreneur Opens 22,774 SF Creative Workspace in Philadelphia

by Taylor Williams

PHILADELPHIA — Entrepreneur Justin Meshberg has opened Silk Screen Studios, a 22,774-square-foot creative workspace in Philadelphia. The space is located within the former Process Screen Manufacturing building in the city’s Fishtown neighborhood and houses 57 workstations. Space range in size from 200 to 600 square feet and are equipped with high-speed internet, in-unit climate control options and app-controlled entrances. Members also have access to a bike room, package room and kitchenettes on each floor.

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AcquisitionsMultifamilyNew JerseyNortheast

Kislak Arranges $3.5M Sale of Apartment Complex in Long Branch, New Jersey

by Taylor Williams

LONG BRANCH, N.J. — Locally based brokerage firm The Kislak Co. Inc. has arranged the $3.5 million sale of Morris Mews Apartments, an 18-unit multifamily complex located in the coastal New Jersey community of Long Branch. The two-story building was constructed in 1966 and houses 16 one-bedroom units and two two-bedroom units that were fully occupied at the time of sale. Daniel Lanni of Kislak represented the seller and procured the buyer, both of which were limited liability companies, in the transaction.

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Greystar-Merrimack-College
DevelopmentMaineMultifamilyNortheastStudent Housing

Greystar, Merrimack College Break Ground on 540-Bed Residence Hall in North Andover, Massachusetts

by Taylor Williams

NORTH ANDOVER, MASS. — A public-private partnership between South Carolina-based developer Greystar and Merrimack College has broken ground on a 540-bed residence hall on the university’s campus in North Andover. The development will consist of two four-story buildings. The first building will span 79,600 square feet and offer 351 “traditional style” beds with academic space and gathering areas on the first floor. The second, 61,300-square-foot building will offer 189 beds in suite-style units with en-suite living rooms and bathrooms throughout. The community, which will offer housing for first- and second-year students, will also include a fitness center and in-building laundry facilities. Cube3 Architects designed the project, which is slated for a fall 2026 completion.

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DevelopmentMultifamilyNew JerseyNortheast

Larken Associates Completes 120-Unit Multifamily Project in Pohatcong, New Jersey

by Taylor Williams

POHATCONG, N.J. — Locally based developer Larken Associates has completed Monte View at Pohatcong, a 120-unit multifamily project located near the Pennsylvania-New Jersey border near Easton. The garden-style property consists of three multi-story buildings and one four-story building with a ground-floor clubhouse. Units come in one- and two-bedroom floor plans. Other amenities include a pool, fitness center and a dog run. Construction began in November 2023. Rents start at roughly $2,000 per month for a one-bedroom apartment.

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AcquisitionsConnecticutMixed-UseNortheast

NEPCG Arranges $8.5M Sale of Mixed-Use Building in Milford, Connecticut

by Taylor Williams

MILFORD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $8.5 million sale of a 70,500-square-foot mixed-use building in the southern coastal Connecticut city of Milford. The building consists of 32 two-bedroom, townhouse-style apartments and 10 commercial spaces totaling 27,025 square feet. Brad Balletto, Jeff Wright and Rich Edwards of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Leasing ActivityNew JerseyNortheastOffice

LIPTON Teas & Infusions to Open 15,183 SF Office in Hoboken

by Taylor Williams

HOBOKEN, N.J. — LIPTON Teas & Infusions will open a 15,183-square-foot office at Waterfront Corporate Center in Hoboken. The beverage maker is taking a full floor at Building 2 of the 1.5 million-square-foot development, which is owned by New York City-based SJP Properties. SJP Project Solutions, an affiliate of the owner, recently completed the build-out of the space.

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HealthcareLeasing ActivityNew YorkNortheast

NewYork-Presbyterian Signs 10,189 SF Healthcare Lease in The Bronx

by Taylor Williams

NEW YORK CITY — Healthcare provider NewYork-Presbyterian has signed a 10,189-square-foot lease in The Bronx. The space is located within the 60,000-square-foot building at 2510 Westchester Ave., which is also home to practitioners in specialty fields such as orthopedics and sports medicine, behavioral health and acupuncture. Both the tenant and the landlord, Simone Development, were self-represented in the lease negotiations.

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MultifamilyNew JerseyNortheast

Berkadia Arranges $29M Equity Recapitalization for Northern New Jersey Multifamily Portfolio

by Taylor Williams

BOUND BROOK AND HACKENSACK, N.J. — Berkadia has arranged the $29 million preferred equity recapitalization of a portfolio of multifamily properties totaling 568 units in Northern New Jersey. The number and names of the properties were not disclosed, but they are located in Bound Brook and Hackensack and were built between 2014 and 2019. Noam Franklin, Cody Kirkpatrick, Chinmay Bhatt and Matthew Tu led the transaction for Berkadia. The sponsor and new equity partner were also not disclosed.

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