There is an increased demand from retailers and wholesalers for industrial and logistics locations near residential density and growth, and an infill location will capture last-mile demand in the Northwest submarket.

Mount Sinai Hospital is expanding its lease square footage at 207 East 94th St., a 50,000-square-foot building on the Upper East Side. Hirschfeld Properties owns the 50,000-square-foot building with asking rents of $55 per square foot.

The deal for 302 West Third marks Time Equities' third acquisition in the Tri-State Region over the last two years. Other notable regional acquisitions include Brookside Industrial Park in Indianapolis and the Arbor at Montana Apartments in Cincinnati.

DFW Park 161 is a joint venture between Invesco Real Estate, the real estate investment business of Invesco Ltd., and Perot Development Company, with First United Bank providing financing support.