NEW HAVEN, CONN. — Tenant Ducci Electrical Contractors and landlord 105 Hamilton LLC have signed a lease for 10,640 square feet of space at 105 Hamilton Street (Tile America Building) in New Haven. The space will accommodate Ducci’s warehousing and storage requirements for several new large multi-year projects in and around New Haven. The space also includes use of a secured outside yard for the storage of large machinery & equipment. Richard Guralnick of O,R&L Commercial was the sole broker in the transaction and represented both the landlord and tenant.
BRIDGEWATER, N.J. — SR International Rock, a wholesale marble and granite distributor, has leased 14,640 square feet at 7E Easy Street in Bridgewater, a 31,622-square-foot industrial facility. James Hodgkins, Jordan Metz, and Kevin Ranski of Bussel Realty Corp. represented the tenant in the transaction. 7E Easy Street is located near I -287 and Route 22. The property offers 14-foot ceiling heights, two drive-ins, eight loading docks, 1,200 amps of electric power, and 25 parking spaces.
SYRACUSE, N.Y. — Apple Hospitality REIT has closed on the acquisitions of the 102-room Courtyard by Marriott Syracuse Downtown at Armory Square and the 78-room Residence Inn by Marriott Syracuse Downtown at Armory Square for a combined purchase price of $42 million. The Courtyard and Residence Inn hotels, both located at 300 West Fayette Street within the historic Armory Square area of Downtown Syracuse, are approximately two miles from Syracuse University as well as the State University of New York Upstate Medical University and Upstate University Health System. Both hotels opened in 2013.
BOSTON — The CBRE/New England Multifamily Capital Markets team brokered the sale of West Square, a 255-unit infill apartment community in the South Boston neighborhood. CBRE/NE represented the seller, a joint venture between Lincoln Property Company and an institutional partner, and procured the buyer, 5514 D Street 320 Boston LLC, an affiliate of Akelius US LLC. Lincoln Property Co. will manage the property. The community was completed in April 2014 and has 33 apartments set aside under inclusionary zoning for residents at 70 percent of area media income. Akelius has also acquired the adjacent property 339 D Street, which comprises 24 apartment units.
STAMFORD, CONN. — TGM Associates L.P. has sold the 160-unit apartment project TGM Village at Stamford to Cherry Hill, N.J.-based Silverman Group. Jeffrey Dunne and Gene Pride of CBRE Group Inc. brokered the transaction for the property, which is located in downtown Stamford. TGM purchased Village at Stamford in 2008. Terms of the transaction were not disclosed.
BELLEVILLE, N.J. — Tulfra Real Estate and Hampshire Cos. have completed their acquisition of the former Roche Diagnostics property, a 20-acre parcel at Franklin Avenue and Mill Street in Belleville. The partners plan to redevelop the site and are in the process of considering redevelopment options and plans for the property. The Township of Belleville has conditionally designated Tulfra as the redeveloper of the site under the state’s redevelopment laws. Tulfra Real Estate and its affiliates currently own and manage 4 million square feet of industrial and commercial real estate, encompassing more than 50 buildings with 200 public and private tenants in Northern and Central New Jersey.
NEW YORK CITY — J.D. Carlisle Development Corp., in partnership with DLJ Real Estate Capital Partners and Mitsui Fudosan America Inc., has launched leasing at One Sixty Madison, a new residential tower located in NoMad, at the nexus of Chelsea, Gramercy and Midtown. Designed by SLCE Architects, the 45-story octagonal building features 319 rental residences in a mix of studios, one- and two-bedroom homes. The interior spaces, which were designed by Philip Koether Architects, feature floor-to-ceiling windows, oak floors and panoramic views. On-site amenities include the Three Sixty Lounge atop the building, an indoor fireplace, two expansive rooftop terraces, a 14,000-square-foot Park Lounge, a fitness center, valet and concierge services, bicycle storage and a fully attended lobby.
PITTSBURGH — Laurus Corp. has acquired the DoubleTree by Hilton Hotel – Green Tree in Pittsburgh for an undisclosed price. The 460-room property recently underwent a $20 million top-to-bottom makeover and Laurus plans to invest $7 million to improve customer experience at the hotel by enhancing operations, delivering top-tier culinary experiences across the hotel’s existing restaurants and opening Asado Grill restaurant. The hotel features 40,000 square feet of flexible, multi-functional meeting space and a 13,000-square-foot indoor athletic training center. The hotel will be managed by TPG Hospitality. The name of the seller was not disclosed.
BOSTON — The Davis Companies (TDC) has completed the disposition of Tower Point, a brick-and-beam office building located at 27-43 Woodworm St. in Boston’s Seaport District. Rockpoint Group purchased the 155,170-square-foot property for $62.1 million. TDC originally acquired the property in 2013 and invested significant capital with the goal of increasing the building’s appeal to creative and tech sectors. The company upgraded the property with modern finishes, renovated the building’s fitness center and locker rooms and added a 7,500-square-foot outdoor courtyard. As a result of the repositioning, the building’s occupancy increased from 74.3 percent to 95 percent at the time of sale. Current tenants include Rethink Robotics, Healthways, NPR, Zerto and Owner IQ. Edward Maher Jr. of Newmark Grubb Knight Frank represented TDC in the transaction.
MINEOLA, N.Y. — Cushman & Wakefield has brokered the sale of Century Plaza, an office building located at 330 Old Country Road in Mineola on Long Island. TIAA-CREF sold the 115,000-square-foot office property to Lalezarian Properties for an undisclosed price. Originally built in 1990 and renovated in 2009, the three-story property features 475 covered parking spaces. At the time of sale, the property was 95 percent leased to a variety of tenants, including Oracle America Inc., Did-it.com, Liberty Mutual Insurance, Veritext Corp., Nationwide Mutual Insurance, and Kelly, Rode & Kelly LLP. Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt and Andrew MacDonald of Cushman & Wakefield represented the seller and procured the buyer in the transaction.