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.
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.
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.
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.
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.
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.
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.
CHERRY HILL, N.J. — NAI Mertz has arranged two office leases at the 102,591-square-foot Two Executive Campus in Cherry Hill totaling 29,050 square feet. In the first deal, Newspaper Media Group signed a lease for 15,127 square feet of space. The company recently acquired Greater Media Newspapers. In the second transaction, an undisclosed tenant leased 12,923 square feet at the building. Rebecca Ting and Julie Kronfeld of NAI Mertz represented the ownership, 1930 NMT Owner LLC, in the transactions.
NEWTON LOWER FALLS, MASS. — Margulies Perruzzi Architects (MPA) has completed the design and renovation of the headquarters for National Development in Newton Lower Falls. National Development and its construction affiliate, Cranshaw Construction, currently occupy all four floors of 2310 Washington St. MPA provided space planning and interior design services for the 40,000-square-foot property. The project included updating the office design and relocating amenities to create an open, modern and collaborative space for staff. Cranshaw Construction served as construction manager for the project.
BRANFORD, CONN. — O,R&L Commercial has completed a long-term lease for 8,000 square feet of R&D and flex space, located at 4 Pin Oak Drive in Branford. Saphlux LLC will expand its research and development operations in the newly constructed facility. Rich Lee of O,R&L Commercial represented the landlord, Plato Associates, while Rich Guralnick, also of O,R&L Commercial, represented the tenant in the lease.
