Northeast

276-Old-New-Brunswick-Rd-Piscataway-NJ

PISCATAWAY, N.J. — Global Transport Logistics has leased 253,575 square feet of newly constructed warehouse and distribution space at 276 Old New Brunswick Road in Piscataway. The licensed air, ground and ocean freight forwarding company is relocating from Fair Lawn, New Jersey. The move will nearly double the third-party logistics company’s regional warehouse footprint. Noah Balanoff, Chuck Littell and Gregory Healy of Colliers International represented Global Transport, while JLL represented the landlord, Industrial Property Trust, in the transaction.

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5-Research-Pkwy-Wallingford-CT

WALLINGFORD, CONN. — Calare Properties has acquired an office and research-and-development complex located at 5 Research Parkway in Wallingford, for an undisclosed price. The undisclosed corporate seller and user will vacate the 915,000-square-foot property this year. Situated on 180 acres, the campus features an 830,000-square-foot main office and lab complex that is supported by outer buildings, including a materials handling facility, a central utility plant and a child development center. Jim Panczykowski of Binswanger Management Corp. represented the seller in the deal.

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25-11-49th-NYC

NEW YORK CITY — A joint venture between Keystone Equities and Normandy Real Estate Partners has acquired an industrial building located at 25-11 49th Ave. in the Long Island City neighborhood of Queens. Howard Weinstein and Scott Weinstein, owners of Candid Litho printing, sold the property for $39.1 million. The 109,200-square-foot property is zoned M1-4, which allows for a range of community facility, commercial and light manufacturing uses. The buyer plans to convert the property and utilize the air rights to expand the building to 11 stories spanning 238,000 square feet of creative office space. Jonathan Eshaghian and Jakub Now of Marcus & Millichap represented the seller and procured the buyer in the deal.

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NEW YORK CITY — Cushman & Wakefield has brokered the sale of an apartment building located at 210 E. 95th St. in Manhattan’s Upper East Side. An undisclosed buyer acquired the 9,892-square-foot building for $12.1 million. Hall Oster, Tom Gammino, Teddy Galligan, Brett Weisblum and Tim O’Brien of Cushman & Wakefield represented the undisclosed seller in the deal. The property features two two-bedroom units, 12 three-bedroom units and one four-bedroom apartment. The free-market apartments feature in-unit washers and dryers and a gas-fired boiler.

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NEW YORK CITY — Eastern Consolidated has arranged the sales of two retail properties totaling $10.5 million. In the first transaction, an owner-user purchased a 6,624-square-foot mixed-used building with ground-floor retail space, located at 27 E. 20th St. in Manhattan’s Flatiron District, for $7.2 million. The buyer plans to open a restaurant in the ground-floor retail space. Adelaide Polsinelli and Mitchell Goldstick of Eastern Consolidated represented the buyer, while Jonathan Schwartz, also of Eastern Consolidated, represented the seller, Silvershore Properties, in the transaction. In the second deal, Polsinelli represented the seller, 68 Thomas Street Associates LLC, in the sale of a 3,732-square-foot retail condominium at 68 Thomas St. in Manhattan’s Tribeca. Studio 68 LLC purchased the property for $3.2 million. Prime Manhattan Realty represented the buyer in the transaction.

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CVS-pharmacy-Little-Ferry-NJ

LITTLE FERRY, N.J. — Liberty Street Realty has completed the disposition of a vacant warehouse, located at 200 Liberty St. in Little Ferry. Stamford, Conn.-based Hartford Realty Corp. acquired the property for an undisclosed price. The buyer plans to redevelop the site and construct a 15,655-square-foot CVS/pharmacy at the location. Gary Sauerborn of NAI James E. Hanson represented the seller in the transaction.

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1450-Broadway-NYC

NEW YORK CITY — Zar Group has received $210 million in financing to refinance an office property located at 1450 Broadway in Times Square. Tal Bar-Or and Richard Sutton of Meridian Capital Group secured the five-year balance sheet loan, which features full-term interest-only payments. The 42-story property features 415,000 square feet of office and retail space.

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330-E-62nd-St-NYC

NEW YORK CITY — Natixis has provided an $86.2 million floating-rate construction loan to YYY 62nd Street LLC, a joint venture between Joy Construction and Madd Equities. The borrowers will use the loan to pay off existing debt and provide capital to complete a 110,727-square-foot, Class A office building at 330 E. 62nd St. in Manhattan’s Upper East Side. The seven-story, build-to-suit office property is 100 percent pre-leased to Memorial Sloan Kettering Cancer Center for an initial term of 30 years. Memorial Sloan Kettering plans to use the building for administrative offices. Kathy Anderson and Brad Domenico of Progress Capital arranged the financing.

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400-500-Apgar-Dr-Franklin-Township-NJ

FRANKLIN TOWNSHIP, N.J. — Cushman & Wakefield has arranged the sale of a two-building industrial asset located at 400 and 500 Apgar Drive in Franklin Township. Greek Development purchased the properties from High Street Realty for $15 million. At the time of sale, the two buildings, which total 170,500 square feet, were 91 percent occupied by 11 tenants. Gary Gabriel, Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt and Andrew MacDonald of Cushman & Wakefield represented the seller and procured the buyer in the deal.

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95-Lofts-Providence-RI

PROVIDENCE, R.I. — EagleBridge Capital has arranged $12.6 million in financing for 95 Lofts, a 59-unit apartment building located at 95 Chestnut St. in downtown Providence. Brian Sheehan and Ted Sidel of EagleBridge secured the loan, provided by a Massachusetts financial institution, for the undisclosed borrower. The property is a six-story, 58,500-square-foot residential building featuring 33 one-bedroom units, 17 two-bedroom units and nine studio units, as well as 2,500 square feet of ground-floor commercial space.

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