Lincoln Equities Group (LEG) has signed a 303,100-square-foot lease with Lesser Evil, a Connecticut-based sustainable company that makes clean, organic, less-processed snacks. Located at Lincoln Logistics 84×684 Crossings in Brewster, NY, the property will serve as a finished goods distribution site for the brand.

Newmark executive managing directors Adam Petrillo and Art Ross, managing director Bradley Soules and Analyst Jack Chatwin arranged the lease with Lesser Evil. They’re also marketing the adjacent 618,000 square feet on the campus.

“Location is key and Lesser Evil’s lease at Lincoln Logistics 84×684 Crossings puts them in a fantastic spot for its Northeast distribution facility,” said Petrillo. “With its strategic location that offers connectivity to New York City, Westchester and Connecticut markets, we look forward to welcoming Lesser Evil and future tenants to the campus.”

Located in Putnam County with accessibility to several major highways, Lincoln Logistics 84×684 Crossings offers tenants access to more than 22 million consumers within a two-hour drive.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation! 

Williams Equities said it leased nearly 57,000 square feet in 2024 at 136 Madison Ave. In the most recent transaction at the Midtown South boutique property, the ownership group completed an 18,364-square-foot, full-floor renewal with technology firm Impact.com.

The latest transaction leaves Williams with just a single floor available. Earlier in 2024, Williams signed Peter Pennoyer Architects to a long-term renewal for 18,364 square feet and closed a long-term 20,000-square-foot extension with high-end furniture company Bernhardt Furniture for its flagship office and showroom.

French clothing and accessories company Lacoste also moved onto the top floor of the building this year, following an 18,364-square-foot lease it signed at the end of 2023.

“Companies continue to recognize the benefits of easily accessible and well-maintained boutique properties in Midtown South,” said Mac Roos of Colliers, who along with Andrew Roos, Michael T. Cohen and Jessica Verdi represented ownership in these transactions. “We value long-term relationships with our tenants, which is evident in the leasing we’ve accomplished at 136 Madison Ave.”

Alex Leopold of CBRE represented Impact.

Alexandria Real Estate Equities, Inc. announced the completion of the sale, through an affiliate, of 1165 Eastlake Avenue East in its Lake Union submarket of Seattle to longstanding tenant Fred Hutch Cancer Center.

Alexandria developed and delivered the fully leased 100,086-square-foot, single-tenant life science facility in 2021. It sold for $150.0 million at a strong capitalization rate of 4.9%. As part of the transaction, Alexandria, through an affiliate, entered into a strategic joint venture partnership with Fred Hutch with respect to each of 1201 and 1208 Eastlake Avenue East through a transfer of partial interests from the prior joint venture partner to Fred Hutch. Alexandria’s ownership interest in each of 1201 and 1208 Eastlake remains unchanged at 30%.

“This opportunity allows us to swiftly advance our research and expand our South Lake Union campus in the heart of Seattle’s life science and biotech community,” said Thomas J. Lynch Jr., MD, president and director of Fred Hutch. “We appreciated the collaborative relationship with Alexandria as we explored and finalized this important agreement that will support our mission to prevent, treat and cure cancer and infectious disease.”

Time Equities Inc. has acquired The Armory, a student housing property near Sam Houston State University (SHSU) in Huntsville, TX. The property, which features 145 units and 502 beds, was sold by Stonemont Financial, a real estate investment and development firm headquartered in Atlanta. At the time of purchase, the asset was 96% occupied. Commercial Edge reported the sale price at $25.8 million.

Built in 2018, The Armory spans 2.5 acres and offers a mix of studio to five-bedroom units, catering to a diverse range of student preferences and needs. Community amenities include a 10k sf clubhouse, a resort-style pool, a dog park, a putting green, soundproof study rooms and a fitness center, as well as a seven-story parking garage with 387 spaces plus guest parking. 

Located at 2257 Sam Houston Ave, The Armory offers easy access to university classrooms and athletic facilities, as well as off-campus dining, shopping, recreation and entertainment options, all within walking distance.

Time Equities (TEI) acquired The Armory at Sam Houston, a student housing complex located at 2257 Sam Houston Avenue in Huntsville, for $25.75 million. Built in 2018, the 145-unit/502-bed development is the nearest privately owned student housing property to Sam Houston State University’s campus.

TEI targets assets serving public, tier 2 institutions, catering to schools with a student population ranging between 10,000 and 20,000, versus assets serving Power 5 schools.

TEI’s Bobby Cohan added, “We continuously identify value and growth potential in student housing nationwide, and we are actively seeking new acquisitions to augment our portfolio within this asset class.”

This acquisition marks TEI’s fourth venture into student housing, complementing its existing properties in Tennessee, including assets at East Tennessee State University in Johnson City and Tennessee Tech University located in Cookeville, as well as a property in Richmond, Virginia that serves Virginia Commonwealth University.

The seller, Stonemont, was represented by Newmark.