Northeast

Barings Provides $86.2M in Financing for Industrial Property in Bayonne, New Jersey

by Taylor Williams April 27, 2026

BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.

April 27, 2026

Acquisitions Connecticut Northeast Retail

CBRE Negotiates $21.4M Sale of Shopping Center in Wallingford, Connecticut

by Taylor Williams April 27, 2026

WALLINGFORD, CONN. — CBRE has negotiated the $21.4 million sale of a 115,000-square-foot shopping center in Wallingford, located roughly midway between Hartford and New Haven. Wallingford Fair Shopping Center is home to a ShopRite supermarket, Petco store and a self-storage facility. Nat Heald, Jordana Roet, Connor Scott and Kyle Juszczyszyn of CBRE represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

April 27, 2026

Loans New Jersey Northeast Retail

JLL Arranges $11.5M Acquisition Loan for Northern New Jersey Retail Project

by Taylor Williams April 27, 2026

CLIFTON, N.J. — JLL has arranged an $11.5 million acquisition loan for a retail project in the Northern New Jersey community of Clifton. The 4.3-acre site at 1030–1050 U.S. Route 46 formerly housed a vacant commercial building that is being redeveloped into a 48,535-square-foot, grocery-anchored retail center that is 80 percent preleased. Ryan Carroll, Nazario Paragano and Christian Badalamenti of JLL arranged the three-year, floating-rate loan through Fidelity Investments on behalf of the undisclosed borrower.

April 27, 2026

Leasing Activity New York Northeast Office

Groombridge, Wu, Baughman & Stone Signs 42,866 SF Office Lease in Midtown Manhattan

by Taylor Williams April 27, 2026

NEW YORK CITY — Groombridge, Wu, Baughman & Stone LLP has signed a 42,866-square-foot office lease in Midtown Manhattan. The law firm will occupy the entire 37th floor and part of the 36th floor at 1185 Avenue of the Americas, a 42-story building. Lisa Kiell and Andrew Coe of JLL represented the tenant in the lease negotiations. Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark represented the landlord, SL Green.

April 27, 2026

Acquisitions Massachusetts Multifamily Northeast

Mesirow Buys 20-Story Apartment Building in East Cambridge, Massachusetts

by Taylor Williams April 24, 2026

EAST CAMBRIDGE, MASS. — Chicago-based financial services firm Mesirow has purchased a 20-story apartment building in East Cambridge, located across the Charles River from Boston. Built in 2015 within the 4.5 million-square-foot Cambridge Crossing mixed-use development, the building is known as Twenty20 and houses 355 units with an average size of 807 square feet, as well as 8,625 square feet of retail space. Residences come in studio, one-, two-, three- and four-bedroom floor plans. Amenities include a rooftop terrace, fitness center, yoga sundeck, a pet wash station, clubroom and a library. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, an undisclosed institutional investment firm, in the transaction and procured Mesirow as the buyer.

April 24, 2026

Acquisitions New York Northeast Retail

Avison Young Negotiates $23.5M Sale of Lower Manhattan Retail Building

by Taylor Williams April 24, 2026

NEW YORK CITY — Avison Young has negotiated the $23.5 million sale of a 22,285-square-foot retail building in Lower Manhattan. The building at 446 W. 14th St. is located in the Meatpacking District and was fully leased at the time of sale to Puttery, a minigolf-themed entertainment concept. The seller was an entity doing business as Meatpacking Retail LLC, and the buyer was a joint venture between Klosed Properties and Namdar Realty Group. James Nelson, Brent Glodowski, Mitchell Levine and Noah Kossoff of Avison Young brokered the deal.

April 24, 2026

Loans Multifamily New York Northeast

CBRE Arranges $17.2M Acquisition Loan for Two Manhattan Apartment Buildings

by Taylor Williams April 24, 2026

NEW YORK CITY — CBRE has arranged a $17.2 million acquisition loan for two apartment buildings located at 159 and 161 Prince St. in Manhattan’s SoHo neighborhood. Built in the early 1900s, the historic, five-story buildings consist of 37 residential units and two ground-floor retail spaces totaling approximately 20,000 square feet. Shamir Seidman of CBRE arranged the loan through Derby Copeland Capital on behalf of the borrowers, private investors Michael and Ed Ostad.

April 24, 2026

Leasing Activity New York Northeast Retail

Trader Joe’s Opens 13,500 SF Grocery Store in Miller Place, New York

by Taylor Williams April 24, 2026

MILLER PLACE, N.Y. — Trader Joe’s has opened a 13,5000-square-foot shopping center in Miller Place, located on Long Island. The store is housed within a newly constructed building at 300 State Route 25A. Robert Delavale of The Breslin Organization represented the undisclosed landlord in the lease negotiations. A grand opening ceremony took place in mid-February.

April 24, 2026

Massachusetts Northeast Retail Top Stories

Party City Returns, Opens 700 Locations Inside Staples

by Abby Cox April 24, 2026

FRAMINGHAM, MASS. — Party City and Staples have partnered to bring the specialty party retailer inside more than 700 Staples locations nationwide and on the Staples website, with plans to expand to additional stores by the end of 2026. According to the companies, the partnership creates a single destination for celebrations by offering a selection of balloons, décor and party supplies, along with Staples same-day print and marketing services. “Staples has always been focused on making things easy for our customers, and our partnership with Party City takes that promise into new territory,” says Marshall Warkentin, president of Staples U.S. Retail. The Party City stores within a store offer a range of latex and foil helium balloons in a variety of colors, sizes and designs. In the coming weeks, shoppers will also be able to schedule balloon pickups in advance through the Staples website and app. In addition, customers can shop for party décor, tableware, gift bags, costume accessories and favors, while also creating personalized invitations, banners, yard signs and posters through Staples print services. Party City Holdco Inc. (PCHI) first filed for Chapter 11 bankruptcy protection in January 2023 and announced in December 2024 that it would be liquidating and …

April 24, 2026

Development Loans Multifamily New York Northeast

JLL Arranges $130M Construction Loan for Bronx Multifamily Project

by Taylor Williams April 23, 2026

NEW YORK CITY — JLL has arranged a $130 million construction loan for The 360, a 304-unit multifamily project that will be located in the Mott Haven neighborhood of The Bronx. The 360 will be a 13-story building with 228 market-rate and 76 affordable units that will come in studio, one- and two-bedroom floor plans. Amenities will include a rooftop lounge, fitness center with a yoga studio, coworking spaces and 24-hour concierge services, and The 360 will also house 47,892 square feet of retail space that is preleased to Food Bazaar. Lauren Kaufman and Nicco Lupo of JLL arranged the loan through PCCP on behalf of the developer, a partnership between Shorewood Real Estate Group and Bogopa Enterprises. Construction is slated for a 2028 completion.

April 23, 2026

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