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Lockheed Martin had announced last month its intention to shutter the Chester County plant by the end of this year and relocate operations to other Lockheed Martin production plants.
CBRE VP Jaspaul Kapoor secured the loans on the properties that were mostly part of a 2017 portfolio purchase for $63 million. OneWall Partners is the largest property owner in East Orange and one of the largest transit-oriented workforce housing owner/operators in northern New Jersey.
The proposed Barclay Street housing development, the first project announced under the partnership program, involves the construction of a multi-story building, in an Opportunity Zone, to house one- to three-bedroom apartments affordable to families, potentially including hospital employees.
The undeveloped property at the northeast corner of South Lakewood Drive and Brandon Parkway will have 600 multifamily units and 75,000 square feet of mixed-use buildings and stores on 55 acres, which is one of the largest remaining undeveloped parcels in Brandon.
Alameda Point Partners has completed demolition of the 30-acre Site A parcel of the former air station and is 50% complete with construction of the infrastructure to include parks as well as a ferry terminal.