BLUEBELL, PA. — Delray Beach, Florida-based Dockerty Romer & Co. has arranged $29 million in permanent mortgage financing for two office buildings in Bluebell. Craig Romer and Chris Romer of Dockerty Romer & Co. secured the financing for the borrower, Keystone Property Group. IH Capital provided a five-year, fixed-rate mortgage at a competitive interest rate. Totaling 192,979 square feet, VEVA 16/18 comprises two four-story multi-tenant buildings located off East Township Line Road in the heart of the Plymouth Meeting/Bluebell office market.
NEW YORK CITY — GFI Realty Services has arranged the sale of six contiguous walk-up apartment buildings located at 150-01 through 150-11 88th Ave. in the Jamaica section of Queens. Zara Realty acquired the properties for $21.5 million. Totaling 79,200 square feet, the four-story buildings feature 96 rent-stabilized apartments and eight storage units. Josh Orlander of GFI Realty represented the undisclosed seller, while Yosef Katz, also of GFI Realty, represented the buyer.
WALLINGFORD, CONN. — O,R&L Commercial has arranged the sale of Tower Square Plaza, located at 600 N. Colony Road in Wallingford. JMM Associates acquired the 22,160-square-foot retail center from 600 North Colony Road Associates for $2.1 million. The property is occupied by Enterprise Rent-a-car, Panda Garden, Domino’s, Brew and Steak Kings, and other retail tenants. Phil Marshall and Frank Hird of O,R&L Commercial represented the seller and buyer in the transaction.
HAMILTON TOWNSHIP AND FAIRVIEW TOWNSHIP, PA. — Bennett Williams Commercial has brokered two retail transactions in Pennsylvania totaling $2.88 million. In the first deal, Bhamidi Holdings has acquired a retail building located at 3170 Carlisle Pike in Hamilton Township. New Oxford DPP IX sold the 10,542-square-foot property for $1.58 million. Adam Hagerman, Brad Rohrbaugh and Chad Stine of Bennett Williams Commercial represented the buyer in the deal. In the second transaction, Goldstone I purchased an 8,446-square-foot retail building located at 99 Lewisberry Road in Fairview Township. Pavilion Development Group sold the property for $1.3 million. Hagerman, Rohrbaugh and Stine represented the seller in the transaction.
ENFIELD, CONN. — CBRE has arranged the sale of an industrial facility located at 25 Bacon Road in Enfield. WE 25 Bacon Road LLC acquired the 1 million-square-foot facility for $12.5 million. Situated on 348 acres, the property was formerly a Hallmark distribution center. Christopher Metcalfe and John Reed of CBRE represented the undisclosed seller in the transaction. An earlier version of this story incorrectly reported that Sentry Commercial brokered the transaction.
NEW YORK CITY — Fox Hill Partners LLC has completed the disposition of apartment buildings located at 141 Park Hill Ave. and 320 and 350 Vanderbilt Ave. in Staten Island. Fox Hill Housing LLC acquired the properties for $52 million. Janice Mac Avoy, Stephanie Spell, Michael Hofer and Benjamin Cohen of Fried Frank served as counsel to the seller in the deal.
NEW YORK CITY — An investment group led by David Berley, chairman of Walter & Samuels Inc., has acquired a boutique office building located at 242 W. 27th St. in Chelsea. Panzel Development Associates sold the property for $14 million. Situated on the campus of the Fashion Institute of Technology, the 18,000-square-foot building features seven floors of office space, including a penthouse with a 500-square-foot deck and ground-floor loft duplex space. Ben Tapper, Noah Buchwald and Ross Weiner of Eastern Consolidated represented the seller, while Adelaide Polsinelli of Eastern Consolidated represented the buyer in the deal.
NEW YORK CITY — The Parkland Group has received $32.1 million in refinancing for a fully-leased retail property located at 200 West End Ave. in Manhattan’s Upper West Side. HFF placed the 15-year fixed-rate loan through MetLife for the borrower. The 25,446-square-foot retail property is leased to CVS/pharmacy, Bin 70, Apple Seeds and Beverly Hills Dry Cleaners. Rob Rizzi and Jennifer Keller of HFF arranged the financing for the borrower.
AVON, MASS. — Newmark Grubb Knight Frank (NGKF) has arranged the sale of an office and distribution warehouse facility located at 80 Stockwell Drive in Avon. Hilco Real Estate, a unit of Hilco Global, sold the 241,454-square-foot property for $9.55 million. Situated on 12.7 acres, the property features 35,840 square feet of office space and 205,614 square feet of warehouse space. Additionally, the property features two presentation rooms, private offices, 22-foot ceilings, 17 dock doors and an open floor plate. Peter Whoriskey and Michael Frisoli of NGKF represented the seller, while Joel Miller of Permanser represented the undisclosed buyer in the transaction.
AMHERST, N.Y. — WS Development has commenced construction of the first phase of its redevelopment of Northtown Plaza in Amherst. The first phase will include a 50,000-square-foot Whole Foods Market, which will be the grocer’s first location in Western New York. The store is slated to open in 2017. Picone Construction will serve as general contractor for the building construction. WS Development acquired the 400,000-square-foot Northtown Plaza, located at the intersection of Niagara Falls Boulevard and Sheridan Drive, in 2015.