NORTON, MASS. — On behalf of NorthBridge Partners, CBRE/New England’s Debt & Structured Finance team has arranged $19 million in acquisition financing for a warehouse and distribution facility located at 192 Mansfield Ave. in Norton. The 347,000-square-foot property is fully leased to Advance Auto Parts Inc. Kyle Juszczyszyn, Chris Coutts and Lenny Pierce of CBRE/NE secured the financing for the borrower.
STAMFORD, CONN. — Henkel Consumer Goods Inc. has leased 135,000 square feet of office space at 200 Elm St. in downtown Stamford. The tenant will use the newly renovated space as headquarters for Henkel in North America. The building is part of BLT Financial Centre, which also includes 695 E. Main St. in Stamford. Building and Land Technology (BLT) acquired the property in 2012 and recently completed a multi-million-dollar renovation to transform the vacant corporate property into an amenity-rich, fully modernized office asset.
NEW YORK CITY — Cushman & Wakefield has appointed Bruce Mosler, chairman of Global Brokerage, as chair of the firm’s Veterans Initiative. In this role, Mosler will oversee a comprehensive program aimed at hiring U.S. veterans into various service lines and geographies at the Cushman & Wakefield. In order to meet its goal of hiring additional veterans to its workforce, the company will leverage existing relationships with partner veteran-focused organizations, like Syracuse University’s Institute for Veterans and Military Families and the Fisher House Foundation. Additionally, the firm will work closely with the Veterans Jobs Mission, a coalition of more than 230 companies that have collectively employed 348,000 veterans.
NEW ROCHELLE, N.Y. — HFF has facilitated the sale of La Rochelle, a 25-story luxury apartment building located at 255 Huguenot St. in New Rochelle. Boston-based DSF Group acquired the 412-unit property from 255 Huguenot Street Corp. for $148.5 million. The property features 43 studios, 142 one-bedroom, 185 two-bedroom and 42 three-bedroom units, including loft-style apartments and penthouse suites. Additionally, the building features 6,000 square feet of ground-floor retail space, a 422-space parking garage and rights for the development of an additional 40-story residential tower. On-site amenities include an outdoor swimming pool with sundeck, clubroom with fireplace, conference room, state-of-the-art fitness center, yoga room and a landscaped courtyard with grilling area. Jose Cruz, Kevin O’Hearn, Michael Oliver, Stephen Simonelli and Andrew Scandalios of HFF represented the seller in the transaction.
JERSEY CITY, N.J. — Urban Edge Properties has entered into a $43.7 million contract to acquire Hudson Mall, a retail center located in Jersey City. Developed in 1966, the 383,000-square-foot property is occupied by Marshalls, Toys R Us, Staples and Old Navy, among other retailers. The acquisition is expected to close in the first quarter of 2017 and includes the assumption of a $23.8 million, 5.07 percent mortgage maturing in 2023. The name of the seller was not released.
NEW YORK CITY — Meridian Capital Group has arranged $30 million in financing for the refinance of an office property located at 264-268 W. 40th St. in Manhattan’s Garment District. The 10-year loan, provided by a national balance sheet lender, features a competitive fixed rate of 3.5 percent. Avi Weinstock, Josh Rhine and Luke Hingson of Meridian secured the financing for the borrower, Renaissance Properties. The 20-story, 120,000-square-foot office building is occupied by 40 tenants, including two restaurants as retail tenants.
BOSTON — Related Beal has topped off Parcel 1B, a residential, retail and hospitality development in downtown Boston. Designed by CBT Architects, the 484,000-square-foot property will feature 239 affordable and workforce apartment units, 10,000 square feet of street-level retail space, 220 parking spaces and a Courtyard by Marriott. Operated by Turnberry Associates, the 220-room hotel will feature 2,500 square feet of meeting space. Situated within Boston’s Bulfinch Triangle, the property is located in close proximity to public transportation.
MANCHESTER, N.J. — Marcus & Millichap has brokered the sale of a retail property located at 2111 Route 37 West in Manchester. A limited liability company acquired the 9,790-square-foot property for $1.6 million. Known as GreenTree at Manchester, the property comprises a two-tenant, two-building retail center with a ground lease to STS and a lease to Spirits Express. David Thurston and Charles Loccisano of Marcus & Millichap represented the seller, a limited liability company, and the buyer in the deal.
CAMBRIDGE, MASS. — Alexandria Real Estate Equities has closed its acquisition of One Kendall Square in Cambridge. The company acquired the office and lab space property for $725 million from an undisclosed seller. The campus includes seven buildings with a total of almost 645,000 square feet of rentable office, lab and retail space.
NEW YORK CITY — Rosewood Realty Group has arranged the acquisition of Noonan Plaza, an affordable housing complex located at 105 W. 168th St. in the South Bronx’s Highbridge neighborhood. Spencer Equity acquired the property for $42 million. The seven-story, 335,000-square-foot asset features 283 residential units and eight retail units. Aaron Jungreis of Rosewood Realty Group represented the buyer and the seller, Joel Leder (Noonan Plaza LLC), in the transaction.
