Industrial
Resource Realty: Turf products supplier inks 21,000 sq. ft. renewal in Fairfield

A supplier of turf products has renewed its lease for more than 21,000 square feet of warehouse space in Fairfield, in one of three new deals by Resource Realty of Northern New Jersey.

Top News
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team

Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.

Editor’s Note
Transition time

I’ve come to learn that stories in our People on the Move section are among our most popular online and in print. I understand why — relationships in commercial real estate go back years or decades in many cases, meaning there’s no shortage of interest when a friend or business partner earns a promotion or a position at a new firm. That’s especially true when it comes to developers and owners, as I was reminded earlier this year when we covered two major moves by Accordia.

Industrial
Longpoint fund buys 30,000 sq. ft. Fairfield warehouse from Sitex

A fund operated by Longpoint Partners has acquired a more than 30,000-square-foot industrial building in Fairfield, the Boston-based firm announced last week.

Finance & Capital Markets
Newmark: Hampshire adds JV partner in $300 million recap of 1.4 million sq. ft. light industrial portfolio

The Hampshire Cos. has closed on a $300 million recapitalization of a sprawling light industrial portfolio in northern New Jersey and other key areas, in a deal arranged by Newmark.

Industrial
STRO adds 77,000 sq. ft. small-bay warehouse in Fairfield

The STRO Cos. has acquired a nearly 77,000-square-foot industrial building near Route 46 in Fairfield, adding to its portfolio of small-bay warehouse space in the region.

Deals
Resource Realty details eight new leases, sales spanning 400,000 sq. ft.

Resource Realty of Northern New Jersey has announced a flurry of recent deals, completing eight lease and sale transactions spanning nearly 400,000 square feet of commercial space.

People
Recine joins Accordia as principal, in development firm’s latest high-profile addition

Frank Recine, a prominent broker who spent a combined 20 years with JLL and Newmark’s New Jersey teams, has joined Fairfield-based Accordia as a principal.

Professional Services
Longtime GZA team member Sayres named principal, New Jersey district office manager

GZA GeoEnvironmental Inc. has tapped Mindy Sayres as a principal and district office manager for its Fairfield-based team in New Jersey.

Finance & Capital Markets
Veteran broker Pizzolato joins Accordia as EVP for acquisitions, capital markets

Accordia Realty Ventures has tapped Matthew Pizzolato as its executive vice president for acquisitions and capital markets, in a key hire aimed at supporting its expansion plans.