WHITE PLAINS, N.Y. — Houston-based investment firm Interra Capital Group has acquired a 323,431-square-foot office building located on a 21-acre site at 1311 Mamaroneck Ave. in White Plains, located north of New York City. Jeffrey Dunne, Steve Bardsley, Travis Langer, Patrick Arangio, Jack Howard and Kurt Altvater of CBRE represented the undisclosed seller and procured Interra Capital Group as the buyer in the transaction. The building was 53 percent leased at the time of sale.
WHITE PLAINS, N.Y. — San Francisco-based Friedkin Property Group has acquired Windsor at the Gramercy, a 260-unit multifamily property located north of New York City in White Plains, for $113 million. Built in 2003, the property features one- and two-bedroom units that are furnished with stainless steel appliances, built-in workstations, breakfast bars, walk-in closets, full-sized washers and dryers and private balconies/patios. Amenities include a pool, fitness center, theater, clubhouse, billiards room and a dog park. Jeff Dunne, Eric Apfel, Jeremy Neuer, Stuart MacKenzie and Zach McHale of CBRE represented the seller, institutional investment firm GID, in the transaction.
NEW YORK CITY — Financial services and investment management firm Franklin Templeton has signed a 347,474-square-foot lease at One Madison Avenue, an office building in Midtown Manhattan that is currently under construction. One Madison Avenue, which is scheduled for a November 2023 completion, is now 55 percent preleased. Other tenants include IBM (328,000 square feet) and Chelsea Piers Fitness (56,000 square feet). Rob Lowe, Jeff Cushman and John Cushman of Cushman & Wakefield represented the tenant in the lease negotiations. Paul Glickman, Alex Chudnoff, Diana Biasotti and Ben Bass of JLL represented the landlord, SL Green.
NEW YORK CITY — Sapphire Acquisitions has purchased a single-room occupancy (SRO) residential building located at 342 W. 71st St. on Manhattan’s Upper West Side for $6.7 million. The property houses 126 units, equating to a sales price of roughly $53,000 per unit. Michael Ferrara and Alan Stenson of Brax Realty represented the seller, Riverside Studios, in the off-market transaction and procured Sapphire Acquisitions as the buyer.
WHITE PLAINS, N.Y. — Northmarq has arranged a $9 million loan for the refinancing of Tireno Towers, a 54-unit multifamily building located north of New York City in White Plains. Built in the late 1960s, the property offers studio, one- and two-bedroom units, and three office suites are in the process of being converted to residential use. Robert Ranieri of Northmarq arranged the 10-year loan, which was structured with one year of interest-only payments and a 30-year amortization schedule, through an undisclosed regional bank. The borrower was also not disclosed.
WESTBURY, N.Y. — Beyond Van Gogh, a traveling concept dedicated to providing immersion in the artist’s works, will open a 28,000-square-foot exhibition gallery at Samanea New York, a shopping, dining and entertainment destination on Long Island. Beyond Van Gogh will open on Nov. 18 and run through Jan. 8. Matthew Kucker, Jordan Baruch and Herbert Agin at Colliers represented the landlord, Lesso Mall Development, in the lease negotiations. Other entertainment users at Samanea New York include Empire Adventure Park, X-Golf and Ryco’s Escape Room.
NEW YORK CITY — Northmarq has arranged a $50 million loan for the refinancing of The Lewis Steel Building, an 83-unit apartment building in Brooklyn’s Williamsburg neighborhood. The five-story property, which includes 13,285 square feet of ground-floor commercial space, was originally constructed in the 1930s as a steel factory and converted to residential use in 2015. Robert Ranieri of Northmarq arranged the loan, which carried a five-year term with two years of interest-only payments followed by a 30-year amortization schedule, through an undisclosed regional bank. The borrower was also not disclosed.
NEW YORK CITY — The Howard Hughes Corp. (NYSE: HHC) and chef Jean-Georges Vongerichten have opened the Tin Building by Jean-Georges, a 53,000-square-foot food hall at Pier 17 at the Seaport in Lower Manhattan. The new culinary destination is an adaptive reuse of the Tin Building, a historic waterfront property that once served as the site of the Fulton Fish Market. The new food hall features six new full-service restaurant concepts and six fast-casual counters, as well as three specialty retailers and bars serving wine, craft cocktails and craft beers. The eateries and shops surround a central marketplace that sells locally sourced seafood, meat, cheese and produce. “It has been a great privilege to have this opportunity to bring back the Tin Building and reinvent such an iconic New York staple in a new and authentic way — honoring and inspired by the Seaport’s rich history and continuing the legacy of providing a one-of-a-kind experience that pays tribute to the global influences found in New York City,” says Vongerichten. The eateries include a French brasserie, seafood restaurant (Fulton Fish Co.), Asian speakeasy, breakfast counter, several vegetarian options, a bakery and a coffee shop. Vongerichten curated all 20 installments at the …
MALTA, N.Y. — Florida-based LeCesse Development Corp. has broken ground on GrandeVille at Malta, a 189-unit multifamily project that will be located north of Albany in Upstate New York. The project represents Phase II of a larger development, the initial phase of which comprised 292 units. Phase II residences will be spread across three buildings and will come in one-, two- and three-bedroom formats. Units will be furnished with stainless steel appliances, quartz countertops, custom cabinetry, walk-in closets and individual washers and dryers. Communal amenities will include an indoor pool, clubhouse, fitness center, game room, business lounge and a spa. Completion is scheduled for next fall. Other project partners include James Fahy Design Associates, general contractor Platinum-LeChase, Lansing Engineering and Five Star Bank.
EAST GREENBUSH, N.Y. — Commercial finance and advisory firm Axiom Capital Corp. has arranged an $11.6 million permanent loan for the refinancing of a 194,889-square-foot shopping center located in the Upstate New York community of East Greenbush. The property comprises five buildings on a 33.3-acre site and is currently leased to 19 tenants. Axiom Capital arranged the 10-year, fixed-rate loan on behalf of the undisclosed borrower. The name of the direct lender and property were also not disclosed.
