CRE Transactions in the Northeast and Mid-Atlantic (Week of October 26)

East Coast commercial real estate keeps on giving, with a busy week across the Northeast and Mid-Atlantic. Check out our selection of fresh transactions across office, industrial and retail in markets including Baltimore, Boston, New York City, New Jersey, Philadelphia, Pittsburgh, Richmond, Washington, D.C., and more.

Baltimore

Dee Corp., doing business as W.F. Chesley Real Estate, has sold three office, retail and industrial properties at 2024 West St., 2 Hudson St. and 4 Hudson St. in Annapolis, Md., to a local investor through two transactions totaling $6.8 million. Hyatt Commercial advised the buyer.

Boston

BGO has acquired a fully leased, 132,055-square-foot industrial property at 545 Washington St. in Wrentham, Mass., from Bluewater Property Group and Affinius Capital. JLL represented the sellers. The 13.6-acre property was completed in 2023.

A Rhino Capital Advisors affiliate has sold the industrial property at 13 Page Road in Londonderry, N.H., to Vigilant Holdings for $16.6 million. JLL advised the seller and secured the buyer’s $11.5 million acquisition loan from Bar Harbor Bank & Trust.

East Boothbay

East Boothbay Bluebird Holdings LLC has sold Ocean Point Inn, a 61-room hotel at 191 Shore Road in East Boothbay, Maine, to Star Mesa Capital. JLL advised the seller. Lark will remain the property’s operator.

New York City

Terreno Realty Corp. has acquired a vacant, approximately 29,000-square-foot industrial distribution building at 43-22 55th Ave. in the Maspeth neighborhood of Queens, New York, for $13.9 million. The property spans 1.4 acres.

Northern New Jersey

Ridgecut Road, Brennan Investment Group and Global Gate have sold the industrial outdoor storage property at 700 Jernee Mill Road in Sayreville, N.J., to an Open Industrial and Heitman joint venture. JLL represented the sellers and procured the buyer. The property is fully leased.

Pittsburgh

Contour Housing Partners has purchased Thomas Campbell Apartments and Thomas Campbell North, 200 affordable senior housing units in Washington, Pa., from the Christian Church (Disciples of Christ). A Freddie Mac acquisition loan, serviced by Walker & Dunlop, financed the transaction.

Providence

Volta Global has acquired the approximately 500-unit Tower Mill Self Storage in Fall River, Mass. Extra Space Storage will manage the self storage facility. The property also generates revenue from retail tenants and a solar array.

Richmond-Hampton Roads

The Michaels Organization has purchased 8 1/2 Canal Street, a 160-unit, 540-bed student housing community at 8 1/2 W. Canal St. in Richmond, Va. Michaels Management will oversee the property, which serves Virginia Commonwealth University.

CoreOne Industrial has acquired Impala Distribution Center from IRG. The transaction covers a 221,056-square-foot industrial facility at 7400 Impala Drive and a 3.3-acre industrial outdoor storage lot at 3007 Vernon Road in Henrico County, Va. Cushman & Wakefield | Thalhimer represented the seller.

The Bainbridge Cos. and BVT National Partners have sold Bainbridge Midlothian, a 310-unit multifamily community at 12400 Dutton Road in Midlothian, Va., to Frontier Group of Cos. for $107.7 million. Newmark advised the sellers. The transaction marks Frontier Group of Companies’ first multifamily acquisition in Virginia.

Washington, D.C.

Carr Properties has purchased the 186,000-square-foot office building at 4040 N. Fairfax Drive in Arlington, Va., from Ascentris. The buyer plans to redevelop the property into a 392-unit multifamily community near the Ballston-MU Metro station, with construction scheduled to begin in summer 2028.

Adler Real Estate Partners has acquired Ammendale Technology Park, a six-building, 275,270-square-foot light industrial portfolio in Beltsville, Md. JLL secured $37 million in bank acquisition financing. The approximately 31-acre property was 96 percent leased to 24 tenants.

---

NOTE: Articles in this series are shaped using AI-assisted workflows and reviewed by newsroom editors prior to publishing.