Northeast

High-Mountain-Promenade-Haledon-New-Jersey

JLL Arranges Construction Financing for Northern New Jersey Mixed-Use Project

by Taylor Williams April 14, 2026

HALEDON, N.J. — JLL has arranged an undisclosed amount of construction financing for a mixed-use project in the Northern New Jersey community of Haledon. Known as High Mountain Promenade, the development at 987 Belmont Ave. will comprise 90 apartments, a 74,715-square-foot (gross) self-storage facility and 4,400 square feet of retail space. First Bank provided the financing, proceeds of which will be used to fund construction of the self-storage facility and predevelopment costs of the other uses. Michael Klein, Jon Mikula, Ryan Carroll and Michael Donohoe of JLL arranged the debt on behalf of the developer, a joint venture between two New Jersey-based groups, Tulfra Real Estate and The Hampshire Cos.

April 14, 2026

Acquisitions Industrial New Jersey Northeast Self-Storage

Colliers Negotiates Sale of 865-Unit Self-Storage Facility in Delanco, New Jersey

by Taylor Williams April 14, 2026

DELANCO, N.J. — Colliers has negotiated the sale of an 865-unit self-storage facility in Delanco, located outside of Philadelphia in Southern New Jersey. Extra Space Storage operates the facility at 700 Creek Road, which was originally constructed in 1989 and converted to self-storage use in 2021. Today, the facility spans 105,187 net rentable square feet across 766 climate-controlled units and 99 covered and uncovered parking spaces. Tom de Jong, Dylan de Jong and Ian Richman of Colliers represented the seller, Metropolis Development Group, in the transaction and procured the buyer, Merit Hill Capital.

April 14, 2026

Acquisitions Mixed-Use New York Northeast

Marcus & Millichap Brokers $7M Sale of Mixed-Use Building in Manhattan’s West Village

by Taylor Williams April 14, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $7 million sale of a 3,965-square-foot mixed-use building in Manhattan’s West Village. The building at 304 Bleecker St. consists of four newly renovated, market-rate apartments and a 1,550-square-foot retail space that is leased to Joe & the Juice. John Stewart and Dylan Torey of Marcus & Millichap represented the seller, HUBB NYC, in the transaction and procured the buyer, a private investor.

April 14, 2026

Leasing Activity New York Northeast Office

CIGNA Signs 32,700 SF Office Lease Renewal in Midtown Manhattan

by Taylor Williams April 14, 2026

NEW YORK CITY — CIGNA has signed a 32,700-square-foot office lease renewal at 2 Grand Central in Midtown Manhattan. The insurance giant is relocating its offices at the base of the building to two full upper floors. Anthony Dattoma of CBRE represented CIGNA in the lease negotiations. Paul Amrich, Neil King, Meghan Allen, Alexander Golod and James Ackerson, also with CBRE, represented the undisclosed landlord.

April 14, 2026

Clear-Springs-Logistics-Park-Annville-Pennsylvania

Development Industrial Northeast Pennsylvania

DHL Supply Chain to Develop 1.2 MSF Industrial Project in Annville, Pennsylvania

by Taylor Williams April 13, 2026

ANNVILLE, PA. — DHL Supply Chain, a developer and third-party logistics firm based in Germany, will develop a 1.2 million-square-foot industrial project in Annville, about 100 miles west of Philadelphia. The building will be located within Clear Springs Logistics Park and will feature a clear height of 40 feet, 120 dock doors, four drive-in doors and parking for 426 car parking spaces (expandable to 571) and 295 trailer parking stalls. Harris Architects is designing the project, and Peak Construction Corp. is the general contractor. Warehaus is the civil engineer. Construction is expected to be complete before the end of the year.

April 13, 2026

Development Industrial New Jersey Northeast

NFI, Penwood Underway on 528,478 SF Spec Industrial Project in Burlington County, New Jersey

by Taylor Williams April 13, 2026

BURLINGTON COUNTY, N.J. — A joint venture between New Jersey-based owner-operator NFI Real Estate and Penwood Real Estate Investment Management is underway on construction of Turnpike 5 Logistics Park, a 528,478-square-foot speculative industrial project in Southern New Jersey’s Burlington County. The two-building development’s name stems from its proximity to Exit 5 off the New Jersey Turnpike. The buildings will span 310,000 and 218,478 square feet and will feature clear heights of 36 feet, as well as “extensive” trailer parking and “heavy” power capacities. Fifth Third Bancorp provided $54 million in construction financing for the project, which was arranged by JLL. JLL also structured the joint venture between the two groups.

April 13, 2026

Loans Multifamily New York Northeast

JLL Arranges $19M Loan for Refinancing of Brooklyn Multifamily Portfolio

by Taylor Williams April 13, 2026

NEW YORK CITY — JLL has arranged a $19 million loan for the refinancing of a portfolio of five multifamily buildings totaling 42 units in Brooklyn. Known as the Edifice Portfolio, the newly renovated buildings are located at 431-433 Wythe Ave. and 313 S. 4th St. in Williamsburg and 19-21 Columbia Place in Brooklyn Heights. Jillian Mariutti and John Flynn of JLL arranged the loan through City National Bank on behalf of the borrower, local investment firm Edifice Real Estate Partners.

April 13, 2026

Leasing Activity New York Northeast Office

Candid Health Signs 28,687 SF Office Lease in Midtown Manhattan

by Taylor Williams April 13, 2026

NEW YORK CITY — Candid Health, a provider of healthcare revenue cycle software, has signed a 28,687-square-foot office lease in Midtown Manhattan. The lease term is seven years, and the space is located on the third floor of the building at 675 Avenue of the Americas. Justin Haber, Kyle Riker and Emma Gill of JLL represented the tenant in the lease negotiations. Anthony Sciacca and Scott Gutnick of Newmark, along with internal agents Jeffrey Gural and Alphie Toro, represented the landlord, GFP Real Estate.

April 13, 2026

Acquisitions Multifamily New Jersey Northeast

CBRE Negotiates $47.8M Sale of Waverton Apartments in Secaucus, New Jersey

by Taylor Williams April 10, 2026

SECAUCUS, N.J. — CBRE has negotiated the $47.8 million sale of The Waverton, a 116-unit apartment complex in Secaucus, located across the Hudson River from New Jersey. Completed in 2022, The Waverton offers studio, one- and two-bedroom units, with roughly 20 percent of residences designated as affordable housing. Amenities include a fitness center with a private yoga studio, an outdoor lounge with grilling stations, sundeck, resident lounge with billiards and shuffleboard and a coworking and conference room. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE represented the seller, a joint venture that included Canoe Brook Development as a minority partner, in the transaction. The buyer was not disclosed.

April 10, 2026

Development Massachusetts Multifamily Northeast

Greystar, Haseko Break Ground on 189-Unit Multifamily Project in Needham, Massachusetts

by Taylor Williams April 10, 2026

NEEDHAM, MASS. — A partnership between South Carolina-based owner-operator Greystar and the U.S. subsidiary of Japanese developer Haseko has broken ground on a 189-unit multifamily project in Needham, a southwestern suburb of Boston. The site at 100 West St. formerly housed an assisted living facility that has since been demolished, and the new apartment building will offer studio, one-, two- and three-bedroom units. Amenities will include a fitness center, library, lounge, package room with cold storage capabilities, a golf simulator, dog run, playground, community garden and two pocket parks. Completion is slated for fall 2027.

April 10, 2026

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