KINGSTON, N.Y. — CBRE has negotiated the $36.5 million sale of two retail buildings in Kingston, about 100 miles north of New York City. The buildings are located within Hudson Valley Plaza and are leased to Lowe’s and Sam’s Club, both of which have been tenants at the 673,000-square-foot shopping center since 1996. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, United Hampshire REIT US, in the transaction and procured an undisclosed institutional investment firm as the buyer.
NEW YORK CITY — A partnership between locally based investment firm Alchemy Ventures and S & A Capital Group, which is a Hong Kong-based family office, has purchased a seven-unit apartment building in Manhattan for $12.5 million. The five-story building at 251 Church St. is located in the Tribeca neighborhood and consists of six four-bedroom units and one two-bedroom unit, as well as two ground-floor restaurant spaces. Maurice Suede, Eric Roth and Brett Seigel of Newmark represented the partnership and the undisclosed seller in the transaction.
NEW YORK CITY — Greystone has provided a $10.1 million Fannie Mae loan for the refinancing of The Count, a 27-unit apartment building located at 168 W. 136th St. in Harlem. The midrise building features a virtual doorman, rooftop terrace and a penthouse-level lounge/coworking space. Avi Kozlowski of Greystone originated the loan, which was structured with a fixed interest rate, 30-year amortization schedule and interest-only payments for the first two years of the five-year term. The borrower was Haussmann Development.
NEW YORK CITY — Cushman & Wakefield has negotiated a 10-year, 26,000-square-foot office lease expansion in Manhattan’s Flatiron District. The tenant, e.l.f. Beauty (NYSE: ELF), will now occupy 39,000 square feet across three full floors at 16 West 22nd Street, where the cosmetics provider has been a tenant since 2020. Jonathan Schindler of Cushman & Wakefield represented the tenant in the lease negotiations. Barbara Yagoda of GFP Real Estate represented the landlord, Meysar Realty Corp.
POUGHKEEPSIE, N.Y. — CBRE has negotiated the $34 million sale of Hudson Heritage, a 120,499-square-foot shopping center in Poughkeepsie, located north of New York City. Grocer ShopRite anchors the center, which was 92 percent leased at the time of sale. Other tenants include CVS, Starbucks, Chipotle, AT&T, Jersey Mike’s, Burger King and PulseMD. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, an entity doing business as EFG/Saber Heritage SC LLC, in the transaction. The trio also procured the buyer, Tampa-based East Coast Acquisitions.
NEW YORK CITY — Greystone has provided an $11.3 million Fannie Mae loan for the refinancing of The Duke, a 28-unit apartment building located at 521 W. 134th St. in Harlem. The midrise building features a virtual doorman and a rooftop terrace. Avi Kozlowski of Greystone originated the loan, which was structured with a fixed interest rate, 30-year amortization schedule and interest-only payments for the first two years of the five-year term. The borrower was Haussmann Development.
NEW YORK CITY — Yeshiva University will open a 160,000-square-foot health sciences campus in Midtown Manhattan. The Jewish higher learning institution is entering into a 32-year leasehold condominium agreement to occupy the fifth through ninth floors, as well as partial mezzanine and ground-floor areas, at the 10-story Herald Center building. The building is located at the corner of 34th Street and Broadway and was built in 1902 as the original Saks department store. David Carlos led a Savills team that represented Yeshiva University in its site selection and lease negotiations. Jacob Jerome and Morris Bailey represented the landlord, JEMB Realty Corp., on an internal basis. A tentative opening date was not disclosed.
NEW YORK CITY — Christie’s has extended its 400,000-square-foot office lease at Rockefeller Center in Manhattan for another 25 years. The art auctioning and appraisal company has been a tenant at the 100-year-old complex since 1997, and its footprint has comprised salerooms, public galleries, warehouses and office space. Mary Ann Tighe, Ramneek Rikhy, Cara Chayet and Courtney Hughson of CBRE, along with Jen Yashar and Danielle Frank of Fried Frank, represented Christie’s in the lease negotiations. EB Kelly represented the landlord, Tishman Speyer, on an internal basis.
ORANGE COUNTY, N.Y. — Largo Capital, a financial intermediary based in upstate New York, has arranged a $9.3 million permanent loan for a shopping center in Orange County. The site is located near the nexus of New York, New Jersey and Pennsylvania. Grocer Save a Lot anchors the unnamed center, which totals 97,740 square feet and was 85 percent leased at the time of the loan closing. Jack Phillips of Largo Capital originated the debt. The direct lender and borrower were not disclosed.
NEW YORK CITY — A partnership between Related Cos. and Oxford Properties Group, alongside Wynn Resorts (NASDAQ: WYNN), has unveiled plans for the next phase of development at Hudson Yards, a $12 billion mixed-use project located on Manhattan’s west side. The next phase of development, Hudson Yards West, will replace the undeveloped western rail yards at the site. The developers are currently seeking approval by city and state officials for the expansion. If approved, the project will include the addition of a hotel by Wynn Resorts dubbed Wynn New York City; Hudson Green, a 5.6-acre public park; 1,500 new housing units, including 324 units of affordable housing; and a new K-8 public school. Designed by Hollander Design and Sasaki, Hudson Green will feature a dog run, open lawns, gardens and playscapes. The park will include the addition of over 300 trees, 500 shrubs and flower beds. Wynn Design and Develop, Wynn Resorts’ in-house team of designers, architects and creatives, will lead the architecture and design of the hospitality component. All facets of Hudson Yards West are being designed as part of a master plan by Skidmore, Owings & Merrill. Wynn Resorts has also committed to creating The Wynn Neighborhood Improvement …