Northeast
Simone Forays Into NJ with MOB Buy
The company plans to reposition the 62,000-square-foot property in Hackensack, which was 52 percent occupied at the time of the transaction.
Jacobs Tapped for Siemens Walpole Expansion
The facility comprises 30 different projects which will be built over a three-year period as part of a master plan to increase production capacity and expand office and lab space.
Bell Works Lands $70M in Financing
Somerset Development is transforming the two million-square-foot property into an indoor “downtown area” with retail on the ground floor, office and hotel on the upper floors, as well as single-family and townhomes.
Calare Properties Buys Warehouse, Secures Medical Marijuana Lease
The new owner acquired the industrial property in Littleton, Mass., and inked a 10-year lease with Premier Health Group LLC, an affiliate of a non-profit that provides organic medicinal marijuana to qualified patients.
New Product, Densification Impacting Manhattan CRE: C&W
Cushman & Wakefield’s top tri-state executives and brokers discussed the evolving retail sector and how it’s intersecting with industrial, the positive and uncertain aspects of New York City’s real estate market and more at the firm’s recent mid-year outlook presentation.
JLL Announces New Promotions in Philly Office
Mike Morrone has been named market director for the company’s Philadelphia office, while Tony Juliano will begin operating as JLL’s COO.
Former IBM Building Secures New Tenant
Expanding its New York operations, law firm Greenspoon Marder has leased some 25,000 square feet of space at 590 Madison Ave. The property is currently 80.5 percent occupied.
Amato Properties Acquires Pennsylvania Shopping Center
A private investor based in southeastern Pennsylvania sold Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. At the time of sale, the property was fully leased.
GNL Appoints New CEO
Independent Director James Nelson will be replacing the current CEO Scott Bowman in August of this year. Nelson was elected as a member of GNL’s board in March of 2017 and serves on the nominating, governance and audit committees.
TH Real Estate Taps New Head of Research
In her new role, Melissa Reagen will be responsible for coordinating TH’s research team, which identifies and analyzes market trends that inform clients’ investment decisions.