Property Type

Waterman, HPS Begin Renovation of 605,000 SF Office Building in Midtown Manhattan

by Taylor Williams November 26, 2025

NEW YORK CITY — A partnership between New York City-based Waterman Interests and alternative asset management firm HPS Investment Partners has begun the renovation of 850 Third Avenue, a 605,000-square-foot office building in Midtown Manhattan. Renovations to the 21-story building, which was originally constructed in 1961, will include an expanded lobby with contemporary finishes and a 14,000-square-foot conference and social center with 200-seat capacity. In addition, the project team, led by design firms MdeAS Architecture and Vocon, as well as general contractor Turner Construction and mechanical engineer Cosentini Associates, will deliver new elevators, windows, storefronts and building systems. A tentative completion date was not announced.

November 26, 2025

Acquisitions New Jersey Northeast Office

JLL Brokers Sale of 203,506 SF Office Building in Parsippany, New Jersey

by Taylor Williams November 26, 2025

PARSIPPANY, N.J. — JLL has brokered the sale of 14 Sylvan Way, a 203,506-square-foot office building located in the Northern New Jersey community of Parsippany. Built in 2013 within the 2.1-million-square-foot Arbors @ Parsippany office campus, 14 Sylvan Way is a three-story building with a cafeteria/bistro, courtyard, tenant lounge, game room and conference facilities. The building was fully leased at the time of sale to Travel + Leisure Co. Jose Cruz, Jeremy Neuer, Michael Kavaler and Tim Greiner of JLL represented the undisclosed, institutional seller in the transaction and procured the buyer, Signature Acquisitions.

November 26, 2025

Hospitality Loans New York Northeast

Cronheim Mortgage Arranges $18M Permanent Loan for Hotel in Middletown, New York

by Taylor Williams November 26, 2025

MIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged an $18 million permanent loan for the Residence Inn Middletown Goshen hotel in Middletown, about 75 miles north of New York City. The number of rooms was not disclosed. The hotel opened in 2020. The loan carries a five-year term and a fixed interest rate. The borrower and direct lender were also not disclosed.

November 26, 2025

Delaware Leasing Activity Northeast Retail

Weis Markets Opens 64,000 SF Store at Bayberry Town Center in Middletown, Delaware

by Taylor Williams November 26, 2025

MIDDLETOWN, DEL. — Regional grocer Weis Markets has opened a 64,000-square-foot store and serve as the anchor tenant at Bayberry Town Center, a 280,000-square-foot development in Middletown. The site is located within the 1,500-acre Village of Bayberry master-planned community. The store was announced in May 2023. Blenheim Group is the master developer of Village of Bayberry.

November 26, 2025

Loans Mixed-Use New Jersey Northeast

Kennedy Funding Provides $2.8M Land Loan for Development Site in South Orange, New Jersey

by Taylor Williams November 26, 2025

SOUTH ORANGE, N.J. — Kennedy Funding, a New Jersey-based direct private lender, has provided a $2.8 million land loan for a development site in the Northern New Jersey community of South Orange. The parcels at 270 and 299 Irvington Ave. total 2.2 acres. Plans call for 61 residential units and several commercial spaces. The debt was structured with a 55 percent loan-to-value ratio. The borrower was not disclosed.

November 26, 2025

Acquisitions Industrial Northeast Pennsylvania Top Stories

EQT Real Estate Sells 8.7 MSF Logistics Portfolio Across 13 Markets

by Kristin Harlow November 26, 2025

RADNOR, PA., AND CHEVY CHASE, MD. — EQT Real Estate, on behalf of its EQT Real Estate Industrial Core-Plus Fund II, has sold a 25-property logistics portfolio totaling 8.7 million square feet across 13 markets. The sales price was not disclosed, but the transaction marks the largest U.S. industrial sale so far in 2025, according to Radnor-based EQT Real Estate. Chevy Chase-based Artemis Real Estate Partners was the buyer. The portfolio spans distribution markets such as Atlanta, Chicago, New York, Phoenix and Texas. The assets feature an average clear height of 31 feet, cross-dock and rear-load configurations, expansive truck courts and generous parking accommodations. Most of the properties were developed after 2000, and EQT Real Estate began assembling and managing the portfolio in 2020. The properties are more than 95 percent leased to 25 tenants active in distribution, e-commerce, food and beverage and manufacturing. EQT Real Estate says the transaction marks the culmination of its multi-year strategy to assemble and scale a national logistics platform in high-growth, supply-constrained U.S. markets. Additionally, the sale reflects investor appetite for stabilized, institutional logistics properties with long-term demand drivers and limited new supply. John Huguenard, Trent Agnew and Will McCormack of JLL represented EQT …

November 26, 2025

Development Industrial Leasing Activity South Carolina Southeast

Glenstar Inks 1.3 MSF Industrial Lease with First Solar at CCC-85 Project in Gaffney, South Carolina

by John Nelson November 25, 2025

GAFFNEY, S.C. — Glenstar Logistics has signed First Solar to a 1.3 million-square-foot lease at Cherokee Commerce Center 85 (CCC-85), a 290-acre industrial development in Gaffney. First Solar will invest $330 million to expand CCC-85’s Building 2 from a 550,520-square-foot, cross-dock facility into a 3.7-gigawatt manufacturing plant spanning 1.3 million square feet. First Solar will use the facility to transform thin-film solar cells produced by First Solar’s international fleet into fully assembled modules. The plant is expected to create more than 600 jobs and begin operations in second-half 2026. The facility is located at 121 Logistics Drive, which sits about equidistant between Charlotte and Greenville along I-85 in Cherokee County. First Solar, which is the largest solar panel manufacturer in the country, operates a distribution center in nearby Duncan, S.C. Michael White of Savills and Nate Zoucha of CBRE represented First Solar in the lease transaction. John Montgomery, Garrett Scott, Dillon Swayngim and Brockton Hall of Colliers’ Spartanburg office represented the landlord. The design-build team for the expansion includes Evans General Contractors, Ware Malcomb and SeamonWhiteside. Glenstar, along with capital partner Creek Lane Capital, delivered Building 2 at CCC-85 in January.

November 25, 2025

Industrial Leasing Activity North Carolina Southeast

Trammell Crow Signs Momentec Brands to 755,926 SF Industrial Lease in Kannapolis, North Carolina

by John Nelson November 25, 2025

KANNAPOLIS, N.C. — Trammell Crow Co. has signed custom sports uniform manufacturer Momentec Brands to a full-building lease at Metro 63, a 755,926-square-foot distribution center in Kannapolis. Matt Treble, Fermin Deoca and Drew Coholan of Cushman & Wakefield represented Trammell Crow Co. in the lease deal. Bob Rosenthal and Grant Miller of Colliers represented Momentec Brands. Built in late 2022, the 94-acre property is located at 5700 Royce St., about 30 miles north of Charlotte via I-85. The facility, rebranded as The Momentec Customer Success Center, will house 700 employees once fully operational in the first half of 2026. The cross-dock facility features 40-foot clear heights, ESFR fire protection, multiple points of ingress and egress, 190-foot truck courts, 172 trailer drops, 490 auto parking spaces and 10 acres of auxiliary parking. Momentec Brands is consolidating its distribution network, which was spread across six properties in six states in the Southeast and Midwest. Momentec Brands is the result of a merger between Augusta Sportswear Brands and Founder Sport Group. The company is a subsidiary of Platinum Equity.

November 25, 2025

Georgia Loans Multifamily Southeast

Dwight Mortgage Trust Provides $41M Refinancing for Augusta Apartment Community

by John Nelson November 25, 2025

AUGUSTA, GA. — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided a $41 million loan for the refinancing of Pointe Grand Reservation Way, a newly constructed, 264-unit apartment community located at 255 Reservation Way in Augusta. Josh Hoffman and Jonathan Pomper of Dwight Mortgage Trust originated the loan for the borrower, Winter Park, Fla.-based Hillpointe. The loan will refinance existing debt, fund an interest reserve, cover transaction costs and return built-up equity accumulated during construction. Pointe Grand Reservation Way features a clubhouse, resort-style pool, business center, fitness center, firepit, picnic area and electric vehicle charging stations.

November 25, 2025

Acquisitions Florida Restaurant Retail Southeast

SRS Brokers $4.6M Sale of New Restaurant Property in South Florida Leased to Starbucks

by John Nelson November 25, 2025

POMPANO BEACH, FLA. — SRS Real Estate Partners has brokered the $4.6 million sale of a newly built restaurant in Pompano Beach leased to Starbucks Coffee. The South Florida restaurant was built in 2025 at 3895 N. Federal Highway, about 12 miles north of Fort Lauderdale, Fla. Starbucks operates the 2,734-square-foot restaurant, which features a drive-thru, on a 10-year lease term with scheduled rent increases and extension options. Patrick Nutt and William Wamble of SRS represented the seller, a South Florida-based partnership, in the transaction. The buyer was a private investor based in Boston. Both parties requested anonymity.

November 25, 2025

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