Northeast
Gladstone Buys Suburban Philly Office Asset
The firm acquired a 60,016-square-foot office building for $15.45 million. The property has been fully leased to construction contractor Jacobs Engineering Group Inc. since its completion in 1997.
Boston Hotel Parking, Vacant Ground Floor Sell for $95M
Pebblebrook will use the proceeds for general business purposes, including reducing the company’s outstanding debt or repurchasing common shares.
Alex O’Connor Joins L&L Holding Co.
After two years with AR Global, O’Connor has joined the firm as an acquisition associate. He will oversee the valuation, strategy and execution of new investments for L&L.
Katz’s Deli Leases 30 KSF in NJ
The firm, a landmark of the New York City culinary scene, plans to expand its business by opening a new location at a 145,000-square-foot industrial building in Carlstadt, N.J.
JV Scores Prime Boston-Area Office Portfolio for $270M
Longfellow Real Estate Partners has teamed up with Morgan Stanley to acquire three Class A office and tech properties totaling 605,873 square feet in Cambridge, Mass. Longfellow will handle the building operations on behalf of the joint venture.
Downtown Boston Asset Trades for $63M
Colliers International will be in charge of identifying and securing suitable retail and office tenants for DTX 399. The property has been vacant for 10 years and will undergo a major facelift this summer.
ZRG Partners Taps New Managing Director
Kevin Jones will be serving as managing director to ZRG’s Pittsburgh office. He brings more than 25 years of knowledge in executive search and assessment experience.
Alphapointe Buys Warehouse, Relocates to Queens
The non-profit organization purchased a 138,000-square-foot brick warehouse in the borough’s Richmond Hill neighborhood. The property will serve as its administrative offices, manufacturing and distribution facility, and call center.
C&W to Lease, Manage Westchester One in NY
The 906,689-square-foot office tower is the largest office building in White Plains, N.Y., and changed hands this month. The asset is set to undergo a complete renovation and pre-built program.
Dealertrack Opens $100M Long Island HQ
The software firm has committed to a long-term lease at the property, bringing more than 350 high-tech jobs to North Hills, N.Y.