Northeast
JLL Secures $52M Refi for Space Mart Self-Storage Portfolio
The portfolio includes eight properties in Greater Philadelphia, Pennsylvania and Richmond, Va., totaling 554,823 square feet. JLL secured the loan.
Two Timber Buildings Break Ground in Brooklyn
Flank is building New York’s first timber buildings in more than one hundred years, following a new trend of mass timber office construction.
103 KSF Industrial Asset Trades in Greater Boston
Calare Properties has acquired a vacant building in Canton, Mass., and is planning to implement a capital improvements program to bring the asset to market standards. JLL will spearhead leasing efforts.
Suburban Philly Office Asset Lands New Tenants
Iron Run Corporate Center in Allentown, Pa., has been recently renovated and features upgraded common areas, as well as a new lobby and fitness room.
NY-Area Retail Centers Land $663M Refi
The refinanced portfolio comprises 98.1 percent leased retail centers anchored by grocery stores, including ShopRite, Aldi, Home Depot and more. The loans include 14 fixed- and two floating-rate facilities with terms ranging from seven to 13 years.
CBRE Wins $200M Contract for NY Public Library Revamp
Architecture firms Mecanoo and Beyer Blinder Belle are behind the project design. Upgrades will make way for a five-story wall of book stacks, new meeting rooms, 17,000 square feet of reading and study space and more.
AEW Sells NJ Industrial Complex for $53M
A partnership bought the four-building asset in Pine Brook, N.J. The 530,000-square-foot property is 60 percent leased to tenants including Samsung Electronics and Pitney Bowes.
TCM Sells Limited Partnership Interest in PA Retail Asset
Miracle Mile Retail Center is a power center anchored by tenants such as LA Fitness, Marshalls, PNC Bank and others. The property was 98 percent occupied at the time of the sale.
SL Green Sells $305M NYC Office Asset
The 36-story, 303,515-square-foot Class A office building at 600 Lexington Ave. was acquired by SL Green as part of a joint venture in 2010. The company then took full ownership of the property in December 2015.
HFF Arranges $100M for CT Office Park
The company arranged the five-year, fixed-rate loan on behalf of Clarion Partners for Merritt 7, a six-building, 1.4 million-square-foot office park located in Norwalk.