Globest Sectors

BOLINGBROOK, IL-The vacant Bolingbrook Corporate Center II is being bought by a joint venture of Bridge Development Partners LLC and McMorgan & Co.

WOBURN, MA-The agreement comes after a difficult third quarter that saw 81,000 sf of negative absorption in the submarket.

WARRINGTON, PA-With the 300,000-sf lifestyle retail portion of its 140-acre project substantially leased, Grasso Holdings begins preleasing a second phase.

LONG BRANCH, NJ-The new construction will add 240 residences, a hotel and 3,800 sf of retail to Applied Development's Pier Village.

NEW YORK CITY-The prewar elevator property with 214 residential units and ground-floor retail space sheds for $400 per sf at a projected 5.2% cap rate.

DALLAS-The 95%-leased Carousel Court Apartments passes from one local investor to another, who beat five others with a $6-million bid.

NEW YORK CITY-Meir Cohen and Ben Korman shed the 50,997-sf property at 2856-2860 Steinway St. in Astoria for $441 per sf.

ALTOONA, PA-After completing the 98,243-sf Chestnut Avenue Plaza, the developer of primarily single-tenant retail wants out from under management of the property.