GARDEN CITY, N.Y. — The New York State United Teachers (NYSUT) has signed a 15,000-square-foot office lease in the Long Island community of Garden City. The federation of more than 1,200 labor unions is taking space at the 200,000-square-foot building at 100 Quentin Roosevelt Blvd., which was originally built in 1990 and was recently renovated. Jerry Guerra and Jeff Nemshin of The Paragon Group represented NYSUT in the lease negotiations. The landlord, The Feil Organization, was self-represented.
BAYONNE, N.J. — Locally based developer Lincoln Equities Group has completed a 332,640-square-foot speculative industrial project in Northern New Jersey. Lincoln Logistics Bayonne sits within a 153-acre waterfront site that also houses an 886,256-square-foot UPS shipping hub. In addition to a clear height of 40 feet and 66 dock doors, the property features five acres of parking space that can support 195 trailers and 225 cars, or 45 trailers and 800 cars. Construction began in May 2022. Cushman & Wakefield is marketing the project for lease.
EAST GREENWICH, R.I. — JLL has brokered the sale of East Greenwich Plaza, a 158,709-square-foot shopping center in East Greenwich, located south of Providence. Situated on 20.5 acres and anchored by Dave’s Fresh Marketplace, the center was 97 percent leased at the time of sale. Other tenants include Le’s Isle Rose, Healthtrax, Bank Newport and McDonald’s. Chris Angelone, Bill Moylan, Zach Nitsche, Jessica Dowd and Sam Wiesman of JLL represented the undisclosed seller in the transaction and procured the buyer, a joint venture between Brand Street Properties and Regency Centers.
GUILFORD, CONN. — Zelco Properties, the development and acquisition arm of Charter Realty, and Haverford Retail Partners have acquired Guilford Commons, a 123,000-square-foot retail center in southern coastal Connecticut. Tenants at the property, which originally opened in 2015, include The Fresh Market, Michaels, DSW, Ulta Beauty, Panera Bread, MOOYAH, Spavia, Pure Barre and Ivy Rehab. T.J. Maxx and Old Navy also recently signed leases at the center. Charter Realty will handle leasing of the property.
EASTON, PA. — NAI Summit has arranged the $3 million sale of the historic former Crayola warehouse and distribution center in the Lehigh Valley community of Easton. Originally built in the 1890s as a manufacturing facility by Crayola predecessor Binney & Smith, the property consists of four buildings totaling 94,000 square feet on an 8.9-acre site. Matt Sprung of NAI Summit represented the seller, an out-of-state investor, in the deal. A local developer purchased the property with plans to implement a residential conversion.
LAFAYETTE, N.J. — The Metropolitan YMCA of the Oranges will open a 10,200-square-foot pickleball facility in the Northern New Jersey community of Lafayette. The six-court facility will be located within a freestanding industrial flex building at 11 Millpond Drive and is expected to open in November. John Schilp of NAI James E. Hanson represented the landlord in the lease negotiations. HQW Architects is designing the space, and Berardi Building Co. is handling the build-out.
CAMBRIDGE, MASS. — Newmark has brokered the $20.1 million sale of Porter Square Galleria, a 55,610-square-foot retail property located across the Charles River from Boston in Cambridge. A 28,893-square-foot Target store anchors the property, which was 96 percent leased at the time of sale. Other tenants include One Medical, Anna’s Taqueria and Citizens Bank. Robert Griffin, Jonathan Martin and Paul Penman of Newmark represented the undisclosed seller in the transaction and procured the buyer, locally based investment firm Crosspoint Associates. David Douvadjian Sr., Timothy O’Donnell, David Douvadjian Jr. and Conor Reenstierna of Newmark arranged acquisition financing for the deal.
WOODCLIFF LAKE, N.J. — Metro Philadelphia-based investment and development firm Keystone Property Group has sold a 53,730-square-foot office building located at 470 Chestnut Ridge Road in the Northern New Jersey community of Woodcliff Lake. The sales price was $9.8 million. The building was fully leased at the time of sale to Kiewit Infrastructure. Jeffrey Dunne, Doug Rodio, Travis Langer and Dan Blumenkrantz of CBRE represented Keystone in the transaction. The buyer was not disclosed.
SOMERSET, PA. — Evans Senior Investments (ESI) has negotiated the sale of The Patriot, a continuing care retirement community (CCRC) in Somerset, located in southwest Pennsylvania. The transaction was executed on behalf of a nonprofit organization. The CCRC features 100 licensed skilled nursing beds, 47 personal care units and two independent living units. At the time of sale, the skilled nursing component of the property was 77 percent occupied, and the personal care beds were 47 percent occupied.
WARMINSTER, PA. — Largo Capital, a financial intermediary based in upstate New York, has arranged a $7.8 million loan for the refinancing of the 92-room Holiday Inn Express & Suites hotel in Warminster, a northern suburb of Philadelphia. The hotel offers amenities such as a pool, fitness center and complimentary breakfast. Katie Vivian of Largo Capital originated the nonrecourse loan, which carried a five-year term and 30-year amortization schedule. The borrower and direct lender were not disclosed.