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Northeast

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HospitalityNew YorkNortheast

Waramaug LS Hotels Acquires Holiday Inn Express in Hauppauge, New York

by Amy Works

HAUPPAUGE, N.Y. — Waramaug LS Hotels has purchased the Holiday Inn Express Hauppauge Long Island in Hauppauge for an undisclosed price. Opened in 2001, the seven-story, 133-room hotel recently underwent a comprehensive renovation that upgraded the entire property to latest brand standards. The hotel features an indoor swimming pool, business center, fitness center, sundry shop, complimentary breakfast, free high-speed wireless internet and two meeting rooms. The name of the seller was not released.

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201-edward-curry-ave-nyc
LoansNew YorkNortheastOffice

Eastern Union Funding Arranges $15M Office Building Refinance in Staten Island

by Amy Works

NEW YORK CITY — Eastern Union Funding has secured a $15 million non-recourse loan to refinance an office building located at 201 Edward Curry Ave. in Staten Island. The borrower, Addwel LLC, occupies 40 percent of the three-story, 82,528-square-foot office building. Additional tenants include ADCO Electric, IDB Bank, TCE Insurance Services and Vaslas Lepowsky Hauss & Danke. Meir Kessner of Eastern Union Funding arranged the financing, which was provided by Bethpage Federal Credit Union.

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ConnecticutNortheastRetail

Fischer Commercial Real Estate Brokers $1.1M Sale of Retail Property in Norwalk, Connecticut

by Amy Works

NORWALK, CONN. — Fischer Commercial Real Estate has arranged the sale of a retail property located at 233 E. Ave. in East Norwalk. An entity that owns and operates laundromats acquired the property for $1.1 million. The buyer plans to convert the 7,450-square-foot property into a state-of-the-art laundromat. Alan Fischer of Fischer Commercial Real Estate Inc. represented the seller and procured the buyer.

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IndustrialNortheastPennsylvania

STAG Industrial Holdings Acquires 172,647 SF Industrial Property in Langhorne, Pennsylvania

by Amy Works

LANGHORNE, PA. — STAG Industrial Holdings Inc. has purchased an industrial property located within Bucks County Business Park at 121 Wheeler Court in Langhorne. A Boston-based pension fund advisor sold the 172,647-square-foot property for an undisclosed price. The building is leased to Silgan Plastics Corp. Joseph Hill, Robert Yoshimura and Eric Mattson of Cushman & Wakefield arranged the sale.

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ConnecticutMultifamilyNortheastSeniors Housing

Cushman & Wakefield Brokers Sale of 299-Bed Seniors Housing Community in Connecticut

by Amy Works

NORTH BRANFORD, CONN. — Cushman & Wakefield has arranged the sale of Evergreen Woods, a continuing care retirement community located in North Branford. National Health Investors Inc. purchased the 299-bed property from Shoreline Life Care LLC for an undisclosed price. After acquiring the property, the buyer leased the property to Charlotte, N.C.-based Senior Living Communities. The community offers residents a full continuum of care with independent living, assisted living/supportive care and skilled nursing care. Richard Swartz, Jay Wagner and Aaron Rosenzweig of Cushman & Wakefield represented the seller in the deal.

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LoansNew JerseyNortheastOffice

Deerwood Closes Two Loans Totaling $19M in Freehold, New Jersey

by Amy Works

FREEHOLD, N.J. — Deerwood Real Estate Capital has closed a $12.4 million non-recourse acquisition loan with a national bridge lender and a $6.6 million refinancing with a local bank for two properties in Freehold. The properties include a 200,000-square-foot multi-tenant office park and a 60,000-square-foot multi-tenant office building. The proceeds of the refinance were used for the acquisition. Yaakov Leiser of Deerwood negotiated the loans for the undisclosed borrower.

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ConnecticutIndustrialNortheast

Maragust Holdings Acquires 114,300 SF Industrial Facility in Enfield, Connecticut

by Amy Works

ENFIELD, CONN. — Maragust Holdings LLC has purchased an industrial facility situated on 9 acres at 250 S. Road in Enfield. 3M Purification Inc. sold the 114,300-square-foot property for $2.9 million. Sentry Commercial represented the buyer, while Cushman & Wakefield of Connecticut Inc. represented the seller in the transaction.

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207-w-79-nyc
MultifamilyNew YorkNortheast

Anbau Launches Sales at 19-Unit Condo Building in Manhattan

by Amy Works

NEW YORK CITY — Anbau has launched sales at 207W79, a luxury condominium located at 207 W. 79th St. in Manhattan’s Upper West Side. Designed by Morris Adjmi Architects, the property features 19 two- to six-bedroom residences, including two townhouses and a penthouse, ranging from 1,662 to 4,336 square feet and priced from $3.9 million to $15 million. On-site amenities include a 24-hour attended lobby, fitness studio, versatile playroom with bleacher seating and integrated cushioned benches, a bike room and private storage space for purchase.

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MassachusettsMultifamilyNortheast

CBRE/NE Brokers $29M Sale of Apartment Community in Boston

by Amy Works

BOSTON — CBRE/New England has arranged the sale of Rockingham Glen, an affordable apartment community located in Boston’s West Roxbury neighborhood. Beacon Communities acquired the 143-unit property for an undisclosed sum. Built in 1974, the community features one studio apartment, 94 one-bedroom units and 48 two-bedroom units, with an average size of 786 square feet. Simon Butler and Biria St. John of CBRE/NE represented the seller and procured the buyer in the deal.

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Mixed-UseMultifamilyNew YorkNortheastRetail

Cushman & Wakefield Negotiates $21M Sale of Mixed-Use Multifamily Asset in Manhattan

by Amy Works

NEW YORK CITY — Cushman & Wakefield has arranged the sale of a mixed-use multifamily asset located at 59 Thompson Street in Manhattan’s SoHo neighborhood. Veracity Equities acquired the property from Whistlepig Associates for $21.5 million, or approximately $1,315 per square foot. The six-story, 15,918-square-foot building comprises two ground-floor commercial units and 34 residential apartments. Of the residential units, 27 are free market and seven are subject to rent stabilization. Robert Burton and Keegan Mehlhorn of Cushman & Wakefield brokered the all-cash transaction.

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