Northeast
Meridian Arranges $18M Acquisition Loan for PA Shopping Center
Meridian secured a CMBS loan for the buyers. The acquisition includes a 16-acre empty lot located behind the shopping center, which will be used for future development.
Metro Storage to Develop NJ Facility
The firm has acquired land in South Brunswick, southwest of New York City, to construct a 668-unit self storage facility. The project is slated for completion by the third quarter of 2019.
NKF Arranges LIC Creative Lease
HALO Branded Solutions will occupy more than 17,000 square feet on the sixth floor of The Factory, a former 1.1 million-square-foot Macy’s warehouse.
Hanley Investment Arranges $38M Sale of NJ Walmart
The firm represented the seller, Catellus Development Corp., in its disposition of the 159,542-square-foot building in Teterboro. The buyer was a 1031 exchange private investor.
$200M Outpatient Center Breaks Ground in PA
The new medical facility will be LEED Silver-certified and will double the square footage of Penn Medicine’s previous Radnor location.
CIT Group Provides $35M for Manhattan Office Project
The six-story development will feature more than 74,000 square feet of medical office space, providing convenient access to the area’s hospitals, medical schools, research centers and outpatient facilities.
Boston’s 121 Seaport: Behind the Signature Design
The high-rise has an elliptical silhouette, shaped by the need to avoid building over the transit tunnel and to reduce wind drag. Phil Casey, principal at CBT Architects, shares details of the design process, along with some current office trends.
The Hampshire Cos. Expands Storage Footprint
The company has added 767 self storage units to its portfolio in Millburn, N.J., approximately 20 miles from New York City.
Tech Office Leasing in NYC Continues at Torrid Pace
Office leasing in Manhattan by tech companies exceeded 1 million square feet for the ninth consecutive year, according to CBRE.
PNY Technologies Sells NJ Industrial Property
In a sale/leaseback deal arranged by Cushman & Wakefield, Turnbridge Equities and Harbor Group International have acquired a 540,103-square-foot building in Parsippany.