REBusinessOnline

JLL Arranges $19M Acquisition Loan for Mixed-Use Property in Manhattan

NEW YORK CITY — JLL has arranged a $19 million acquisition loan for a mixed-use property in the SoHo neighborhood of Manhattan. Located at 489 Broadway, the five-story, 10,710-square-foot building was constructed in 1900. The property consists of eight residential and three retail units. Eliott Zeitoune, Michael Diaz, Aaron Appel, David Sitt and Brendan Collins of JLL secured financing on behalf of the borrower, Sherr Equities, through lender Morgan Stanley. Sherr Equities specializes in …

Marcus & Millichap Orchestrates $19.2M Sale of Headquarters Building for BP Lubricants USA in New Jersey

WAYNE, N.J. — Marcus & Millichap has arranged the $19.2 million sale of the BP Lubricants USA Inc. headquarters in Wayne. The 100,000-square-foot property sits on more than 10 acres of land and is occupied by BP Lubricants’ lab technicians, engineers, analysts, upper management and corporate services as well as the Castrol Oil top sales team. BP has made a significant investment in the building, including renovations to the second and third floors as well as the expansion of lab and …

Northeast Private Client Group Brokers $6.6M Sale of Apartment Portfolio in Connecticut

EAST ROCK, CONN. — Northeast Private Client Group has brokered the $6.6 million sale of a two-building apartment portfolio in East Rock. The 33-unit portfolio consists of 420 and 431 Whitney Ave. Brad Balletto, Rich Edwards and Jeff Wright of Northeast Private Client Group represented the seller, Hadley Inc., in the transaction. The buyer was MOD Equities

Cushman & Wakefield Negotiates $4.7M Sale of Retail Unit in Manhattan

NEW YORK CITY —  Cushman & Wakefield has negotiated the $4.7 million sale of a retail co-op unit in the SoHo neighborhood of Manhattan. Located at 150 Thompson St., the 7,800-square-foot property consists of the ground floor and basement of the five-story, mixed-use co-op. Robert Burton and Bobby Carrozzo of Cushman & Wakefield represented the seller, Schiffini USA, in the transaction. The buyer was home furnishings company

Knotel Signs 11,176 SF Lease in Midtown, Manhattan

NEW YORK CITY — Workspace provider Knotel has signed an 11,176-square-foot lease in the Midtown East section of Manhattan. Knotel will occupy the entire 6th and 11th floors at 369 Lexington Ave., a 28-story, 175,000-square-foot office tower. Aziz Kabbaj and Robbert Chattah of Sitt Ventures represented Knotel in the transaction. The landlord, Triangle Assets, was represented in-house. Knotel, which was founded in 2016, designs, builds and operates custom spaces for companies of 50 employees …

CBRE Arranges Sale of 621,000 SF Former Toys ‘R’ Us Headquarters in Wayne, New Jersey

WAYNE, N.J. — CBRE has arranged the sale of the former Toys ‘R’ Us corporate headquarters in Wayne. The sales price was undisclosed. Located at 1 Geoffrey Way, the 621,000-square-foot property is situated on 191 acres overlooking a reservoir. The property was built in 1962 as the original headquarters for American Cyanamid and consists of two interconnected office buildings. Toys ‘R’ Us occupied the property for 16 years. Jeffrey Babikian, Robert L’Abbate, Allyson L’Abbate, Nor …

Northeast Private Client Group Brokers $6.7M Sale of Apartment Building in New Haven

NEW HAVEN, CONN. — Northeast Private Client Group has brokered the $6.7 million sale of Brendan Towers, a 60-unit brick apartment building in New Haven. The property is located at 457 Whalley Ave. Brad Balletto, Rich Edwards and Jeff Wright of Northeast Private Client Group represented the seller, Navarino Capital, in the transaction. The buyer was

Contently Signs 13,146 SF Office Lease in Manhattan’s Financial District

NEW YORK CITY — Marketing technology company Contently has signed a 13,146-square-foot lease at 44 Wall St. in Manhattan’s financial district. The company will relocate its headquarters from 598 Broadway to a portion of the 13th floor of the 24-story tower. Contently is the content marketing solution for a number of brands, including American Express, Bayer, Dell Technologies, JPMorgan Chase, Marriott and Walmart. Contently was represented in the transaction by Freddie Fackelmayer, Anthony …

Markward Group Orchestrates $2.2M Sale of Development Site in Bethlehem, Pennsylvania

BETHLEHEM, PA. — Markward Group has arranged the $2.2 million sale of an eight-acre development site in Bethlehem. The property is located at 4700-4720 Bath Pike. Matt Macdonald of Markward Group represented the seller, the Kunsman Family, in the transaction. The buyer was Columbia Wegman Hanover LLC., which plans to develop a senior living community on the

Marcus & Millichap Negotiates $1.8M Sale of Retail Property in New Jersey

DENVILLE, N.J. — Marcus & Millichap has arranged the $1.8 million sale of a 12,770-square-foot retail property in Denville. Located at 424 W. Main St., the fully occupied property is situated on 1.4 acres. Michael Lombardi and Scott Plasky of Marcus & Millichap’s New Jersey office represented the seller, a private investor, in the transaction. The buyer was also a private

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