Northeast
TF Cornerstone Tapped for 1.5 MSF LIC Development
The 4.5-acre site will include residential, commercial, industrial, retail and academic spaces throughout. Handel Architects, ODA and Mathews Nielsen Landscape are designing the project.
Queens Industrial Assets Sell for $78M
The joint venture plans to upgrade the buildings in order to capitalize on the growing demand for quality space within the supply-constrained New York market.
Boston-Area Lab Facility Changes Hands
The 40,000-square-foot, single-tenant property in Billerica traded for $6.2 million. The single-story building is fully occupied by biotech company RainDance Technologies.
Manhattan Retail Condo Commands $25M
Rubie’s Costume Co. purchased the 26,401-square-foot space that is currently fully occupied by New York City’s largest costume store. The sale included an additional $12.5 million loan assumption.
NJ Office Asset Sells in $17M Deal
On behalf of U.S. bank, special servicer CWCapital Asset Management disposed of the 281,762-square-foot property within the 280 Corporate Center Business Park in Roseland, N.J. Several CBRE teams helped broker the transaction.
Blink Fitness Takes Over Brooklyn Landmark
The Lyceum originally served as NYC Public Bath No. 7 and underwent preservation of its exposed brick, large arched windows and industrial steel trusses that support the 22-foot high ceilings.
Transwestern Secures Lease in Boston’s South End
Tom Ashe, Patrick Buckley and Jeff Landers worked on behalf of the owner, Legacy Real Estate Ventures, in the lease negotiations.
CBRE Arranges Largest Philly Office Sale
Equity Commonwealth sold the two-building Centre Square complex in a deal that broke the record for the city’s largest-ever office transaction in terms of square footage.
Spector Group Reveals Design for NYPD Training Center
The firm joined forces with Tactical Design North to deliver the first renderings for the upcoming 150,000-square-foot Nassau County Center for Training and Intelligence in Garden City, N.Y. The center is aimed to service personnel from 19 villages and city departments, as well as state and federal law enforcement agencies.
Hunt Mortgage Enters PA, Appoints Director
The company also appointed Harris Heller as managing director. In his new position he will lead the new production office and will report directly to Senior Managing Director Vic Clark and Managing Director Michael Becktel.