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AcquisitionsIndustrialNortheastPennsylvania

MDH Partners Acquires Industrial Building in Middletown, Pennsylvania for $45.5M

by Taylor Williams

MIDDLETOWN, PA. — Atlanta-based investment firm MDH Partners has purchased a 305,870-square-foot industrial building in Middletown, located on the southeastern outskirts of Harrisburg, for $45.5 million. The building features a clear height of 36 feet, 50 dock doors and an ESFR sprinkler system. The building is leased to an undisclosed provider of e-commerce services. John Plower, John Huguenard, Ryan Cottone, Zach Maguire, Paul Torosian and Jeff Lockard of JLL represented the seller, Core5 Industrial Partners, which is also based in Atlanta, in the transaction.

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AcquisitionsMultifamilyNew YorkNortheast

Alchemy Ventures, S & A Capital Buy Manhattan Apartment Building for $12.5M

by Taylor Williams

NEW YORK CITY — A partnership between locally based investment firm Alchemy Ventures and S & A Capital Group, which is a Hong Kong-based family office, has purchased a seven-unit apartment building in Manhattan for $12.5 million. The five-story building at 251 Church St. is located in the Tribeca neighborhood and consists of six four-bedroom units and one two-bedroom unit, as well as two ground-floor restaurant spaces. Maurice Suede, Eric Roth and Brett Seigel of Newmark represented the partnership and the undisclosed seller in the transaction.

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LoansMultifamilyNew YorkNortheast

Greystone Provides $10.1M Fannie Mae Loan for Refinancing of Harlem Apartment Building

by Taylor Williams

NEW YORK CITY — Greystone has provided a $10.1 million Fannie Mae loan for the refinancing of The Count, a 27-unit apartment building located at 168 W. 136th St. in Harlem. The midrise building features a virtual doorman, rooftop terrace and a penthouse-level lounge/coworking space. Avi Kozlowski of Greystone originated the loan, which was structured with a fixed interest rate, 30-year amortization schedule and interest-only payments for the first two years of the five-year term. The borrower was Haussmann Development.

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Leasing ActivityNew JerseyNortheastOffice

Unilever Signs 111,000 SF Office Headquarters Lease in Hoboken, New Jersey

by Taylor Williams

HOBOKEN, N.J. — Unilever (NYSE: UL) has signed a 111,000-square-foot office lease in Hoboken for its new U.S. headquarters. The British conglomerate will occupy three full floors at 111 River Street, which is part of the three-building, 1.5 million-square-foot Waterfront Corporate Center complex. CBRE represented Unilever in the lease negotiations. New York City-based SJP Properties owns Waterfront Corporate Center, which is also home to tenants such as Lipton, Walmart and Newell Brands.

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Leasing ActivityNew YorkNortheastOffice

Cushman & Wakefield Negotiates 26,000 SF Office Lease Expansion in Manhattan

by Taylor Williams

NEW YORK CITY — Cushman & Wakefield has negotiated a 10-year, 26,000-square-foot office lease expansion in Manhattan’s Flatiron District. The tenant, e.l.f. Beauty (NYSE: ELF), will now occupy 39,000 square feet across three full floors at 16 West 22nd Street, where the cosmetics provider has been a tenant since 2020. Jonathan Schindler of Cushman & Wakefield represented the tenant in the lease negotiations. Barbara Yagoda of GFP Real Estate represented the landlord, Meysar Realty Corp.

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Affordable HousingDevelopmentGeorgiaMixed-UseMultifamilyRetailSeniors HousingSoutheast

Reports: RBH Group to Develop 34-Story Workforce Housing Tower in Downtown Atlanta

by John Nelson

ATLANTA — RBH Group plans to develop Teachers Village Atlanta, a 34-story workforce housing tower in downtown Atlanta’s Fairlie-Poplar neighborhood, according to multiple media outlets including Fox 5. The New Jersey-based developer received approval last week from the Development Authority of Fulton County to issue up to $370 million in tax-exempt bonds for the redevelopment of 98 Cone St. into the tower, according to The Atlanta Journal-Constitution. Situated near Centennial Olympic Park and Georgia State University, the development will span 457,584 square feet and include 227 independent living units, 197 rent-restricted apartments, 22,995 square feet of retail space, 371 garage parking spaces and 21,484 square feet of amenities and additional shared rooftop space, according to the project page on RBH Group’s website. 99.5 WSB reports that RBH Group plans to break ground on Teachers Village Atlanta in 2025, and Fox 5 reports that the tower will be delivered in 2027. The developer has previously delivered similar workforce housing developments such as Teachers Village Newark, Teachers Village Hartford and Teachers Village Chicago.

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DevelopmentIndustrialLoansNorth CarolinaSouth CarolinaSoutheast

CBRE Arranges Two Loans Totaling $66M for Refinancing of Metro Charlotte Industrial Properties

by John Nelson

CHARLOTTE, N.C. — CBRE has arranged two loans total $66 million for the refinancing of two separate industrial portfolios in the Charlotte metropolitan area. Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta represented the borrower, CIP Real Estate, in both deals. The loans include a $35 million loan through HIMCO for the refinancing of International Corporate Center, a six-building industrial project located in Concord, N.C., as well as the construction of two industrial buildings at the site totaling 147,467 square feet. The other deal was a $31 million loan secured through an unnamed national bank for the acquisition of a seven-building, 334,989-square-foot industrial portfolio that was 99 percent leased at the time of funding. The assets in the portfolio include 77 Overlook, a three-building, 216,977-square-foot development in Charlotte; Lakefield Corporate Center, a three-building, 74,920-square-foot development in Mooresville, N.C.; and Southcross Corporate Center, a 43,092-square-foot warehouse in Rock Hill, S.C.

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AcquisitionsGeorgiaRetailSoutheast

Hendon Properties Acquires Shopping Center in Austell, Georgia for $15.2M

by John Nelson

AUSTELL, GA. — Hendon Properties has acquired East West Shops, an 85,565-square-foot shopping center located in Austell, a northwest suburb of Atlanta in Cobb County. Concorde Group Holdings sold the property for $15.2 million. OneLife Fitness, Starbucks Coffee and Urgent Team anchor the center, which was 96 percent occupied at the time of sale. Brad Peterson, Scott Israel and Tommy Isola of Colliers brokered the sale on behalf of Concorde Group.

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AcquisitionsFloridaHealthcareSoutheast

Easterly Government Properties Purchases 193,100 SF VA Healthcare Facility in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Easterly Government Properties Inc., a publicly traded REIT focused on the acquisition, development and management of commercial properties leased to the U.S. government, has acquired a 193,100-square-foot outpatient facility in Jacksonville leased to the Department of Veterans Affairs (VA). The property is the final asset to be acquired in Easterly’s previously announced portfolio of 10 properties that are fully leased to the VA under predominately 20-year firm term leases. The sales price was not disclosed. The Jacksonville VA clinic was delivered last November and replaced two smaller regional VA facilities. In addition to primary and specialty healthcare services, the facility also features a domiciliary that provides housing to veterans who are otherwise homeless, require substance abuse treatment or need additional full-time care. Easterly currently owns, directly or through a joint venture, 94 properties totaling 9.2 million square feet.

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DevelopmentLeasing ActivityRestaurantRetailSouth CarolinaSoutheast

Anchor Retailers Including Old Navy, Ulta Beauty Open at Beaufort Station in Coastal South Carolina

by John Nelson

BEAUFORT, S.C. — Old Navy, Ulta Beauty, Ross Dress for Less and PetSmart have recently opened their doors at Beaufort Station, a new power shopping center underway in Beaufort, a city in coastal South Carolina. The Morgan Cos., through its affiliate firm Beaufort Station Partners, developed the property and will continue to oversee its management. Reynolds Robinson of Principal Partners is responsible for leasing at the center. Other recent openings include Mattress Firm, Hobby Lobby, T.J. Maxx, HomeGoods, Rack Room Shoes and Five Below. America’s Best Eyeglasses, Chicken Salad Chick, Panda Express, Surcheros Fresh Mex and Fifth Third Bank plan to open at Beaufort Station in the coming weeks. Additionally, Parkers Kitchen is also under construction and a new ALDI grocery store will start construction this fall.  

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