Northeast
AEW Sells NJ Retail Center for $42M
ShopRite is Wall Towne Center’s largest tenant, making the roughly 100,000-square-foot property the only grocery-anchored retail center along Route 34.
Meridian Arranges $240M Loan for NYC Office Tower
The Hakimian Organization will utilize the proceeds to refinance 636 11th Ave., a 560,000-square-foot property fully leased to advertising and public relations firm Ogilvy & Mather.
Vornado to Exit Troubled Kushner Building in NYC
Kushner Cos. will buy out Vornado Realty Trust’s nearly one-half interest in the 666 Fifth Ave. office condominium, as a sale of a similar stake to another mega-investor reportedly is pending.
SL Green Leases 2 Full Floors at Tower 46
Located at 55 W. 46th St., the 2013-built property comprises 347,855 square feet across 34 stories. Features include column free floors, 14-foot slab heights, in-building parking, floor-to-ceiling windows and a tenant-only fitness center.
Veritas RE Acquires Pair of Philly-Area Office Buildings
The Marlton properties are located near major thoroughfares and less than 30 minutes away from Center City Philadelphia and Philadelphia International Airport.
NKF Appoints New Executive Managing Director in NJ
Bradford Fenlon has previously occupied various roles within Colliers International, CBRE and Insignia Financial. Over the course of his career, he worked with several Fortune 500 companies.
Columbia Property Sells Manhattan Office Asset for $333M
NYU Langone Medical Center has a 30-year triple net lease for the 390,000-square-foot building, which was recently converted for use as a multispecialty ambulatory care facility.
Avison Young Adds Ninth Board Member in Philadelphia
Carol Johnson holds several board positions at various organizations and brings more than 25 years of experience in the industry.
DataBank Expands Pittsburgh Facility
The PIT1 facility, located within the recently redeveloped NOVA Place, will almost double in size with its upcoming 10,000 square feet of raised floor and an additional 1.5 megawatts.
C&W Tapped to Lease PA Industrial Facility
Advance Realty and The Davis Cos. own the 675,000-square-foot property at 2750 Morris Road in Lansdale, which recently underwent a $5 million repositioning.