Northeast
P3 Properties Nabs NJ Office Asset
Related Cos. has sold the 233,000-square-foot Somerset Financial Center in Bedminster, which serves as the local headquarters of specialty pharmaceutical company Mallinckrodt.
HFF Arranges Sale of 28 KSF MOB
Hartford Healthcare and Central Connecticut Endoscopy’s surgery center anchor the single-story property in Plainville, Conn. The team of brokers acted on behalf of the seller, but also procured the buyer.
Oxford Development Lands Coworking Tenant
Serendipity Labs plans to open its first Pittsburgh location in December, encompassing approximately 25,000 square feet at 3 Crossings in the city’s Strip District.
Brookfield Sells Stake in NYC Portfolio for $1.4B
The company announced the sale of a 28 percent stake in its New York City core holdings, as well as plans to sell another 7 percent by early next year.
Magna Hospitality Group Sells 216-Key NY Hotel
HFF worked on behalf of the company to arrange the transaction, and secured a three-year, floating-rate acquisition loan for the buyer.
Montecito Medical Lands 15 KSF Boston MOB
Built in 2015, the facility features more than 15 pediatric specialty services. Boston Children’s Hospital is the primary pediatric teaching hospital for Harvard University’s medical school.
From Restaurants to Real Estate: The Unlikely Story of Sal Lupoli’s Riverwalk
Putting his New England-based pizza franchise at stake, the entrepreneur invested $250 million to transform an old mill complex into a mixed-use development.
MetLife Investment Management Buys Boston Office Asset for $97M
Standing in for Normandy Real Estate Partners and Westbrook Partners, NKF Capital Markets arranged the sale of the 247,500-square-foot property at 89 A St. in Needham, Mass.
Boston Properties Invests in NYC, LA Assets
The office transactions, which total more than 3 million square feet and involve partnerships, give the REIT a stake in Manhattan’s 3 Hudson project and West Los Angeles’ Santa Monica Business Park.
P3 Properties Inks NJ’s Largest Lease of 2018
Teva Pharmaceuticals USA has taken up 345,000 square feet across three buildings at the company’s MCCBLUE office campus in Parsippany, N.J.