Northeast

Saber Real Estate Advisors Breaks Ground for Rivertowns Square in Dobbs Ferry

by Amy Works May 28, 2015

DOBBS FERRY, N.Y. — Saber Real Estate Advisors has completed demolition and begun construction for Rivertowns Square, a $150 million mixed-use development in Dobbs Ferry. Slated to open next year, the project will feature a hotel, restaurants, and boutique retail and entertainment space. Rivertowns Square is currently 80 percent pre-leased to a variety of tenants, including Mrs. Green’s Natural Market, ULTA Beauty, Chipotle, Buddha Asian Bistro, My Gym, The Learning Experience, New York Sports Club, Starbucks Coffee, GNC and a luxury movie theater. Leasing for the project is being handled by Greenstone Realty of Manhattan.

May 28, 2015

Industrial Northeast Pennsylvania

Woodmont Industrial Acquires 437,000 SF Warehouse in Pittston, Pa.

by Amy Works May 28, 2015

PITTSTON, PA. — Woodmont Industrial Partners has acquired a 437,000-square-foot warehouse building, located at One Commerce Road in Pittston, for an undisclosed sum. The property features 48- to 54-foot clear height with racking in place, a 269-car parking lot and rail service. Woodmont plans to implement a capital improvement program to the property, including new trailer parking and the addition of up to 20 loading docks. The property, which served as a book distribution center for Penguin Random House LLC, is currently available for lease. Andrew Houston and Adam Ardise of DTZ represented the undisclosed seller in the transaction.

May 28, 2015

Loans Multifamily New York Northeast

Meridian Capital Arranges $27.5M Loan for 720-Unit Multifamily Project

by Amy Works May 28, 2015

NEW YORK CITY — Meridian Capital Group has arranged $27.5 million in bridge financing for a development site located at 77 Commercial St. in Brooklyn. The borrowers are Chetrit Group and Clipper Equity. The two-year loan, funded by a regional balance sheet lender, features a fixed-rate and interest-only payments for the full term. The borrowers plan to transform the site, situated on the Greenpoint waterfront, into a 750,000-square-foot, 720-unit residential development. Aaron Brinbaum and Tal Savariego of Meridian’s New York City office negotiated the loan.

May 28, 2015

Mixed-Use Multifamily New York Northeast Retail

CPEX Brokers $5.25M Sale of Mixed-Use Property in NYC

by Amy Works May 28, 2015

NEW YORK CITY — CPEX has brokered the sale of a mixed-use property located at 173 Court St. in New York City’s Cobble Hill historic district. The property sold for $5.25 million, or $1,129 per square foot. The four-story building features approximately 2,000 square feet of commercial space and 3,000 square feet of residential space. Timothy King, Keat Chew and Ryan Condren of CPEX represented the seller and procured the buyer in the transaction. The names of the seller and buyer were not released.

May 28, 2015

New York Northeast Office

Colliers Brokers $21.5M Sale of 268,938 SF Office Building in Staten Island

by Amy Works May 27, 2015

NEW YORK CITY — Colliers International has brokered the sale of Edgewater Plaza, a seven-story office building located at One Edgewater Plaza in Staten Island. Edgewater Plaza Loft LLC acquired the 268,938-square-foot property for $21.5 million. At the time of sale, 181,172 square feet of the property was occupied by The City of New York Board of Elections, The New York Police Department and Staten Island University Hospital, among others. Jacklene Chesler, Richard Madison and Jeffrey Oram of Colliers represented the undisclosed seller in the transaction.

May 27, 2015

New York Northeast Retail

Kalmon Dolgin Arranges $9M Sale of 90,000 SF Property in the Bronx

by Amy Works May 27, 2015

NEW YORK CITY — Kalmon Dolgin Affiliates Inc. (KDA) has arranged the sale of a 90,000-square-foot flex property located at 1351 and 1339 Jerome Ave./1320 and 1342 Inwood Ave. in the Mount Eden section of the Bronx. Jerome Avenue Storage Associates LLC, operating as American Self-Storage, purchased the property by executing its lease option to buy for $9 million from Boss Realty LLC/Plaza Packaging. The property features high ceilings, multiple loading docks and drive-in entrances. Grant Dolgin and Dmitri Gourianov of KDA represented both parties in the transaction.

May 27, 2015

New York Northeast Retail

TerraCRG Arranges $10M Sale of Commercial Building in Brooklyn

by Amy Works May 27, 2015

NEW YORK CITY — TerraCRG has arranged the sale of a commercial building located at 401 State St. in the Boerum Hill neighborhood of Brooklyn. The 12,000-square-foot building sold for $10 million, or $833 per existing square foot. The property was sold vacant and is ideal for a community facility, office or residential conversion. Ofer Cohen, Melissa Warren, Dan Marks, Peter Matheos and Michael Hernandez of TerraCRG represented seller Joseph Streicher, while Mark Kennedy of Douglass Elliman represented the buyer in the transaction.

May 27, 2015

New York Northeast Office

Himmel + Meringoff Properties Adds New Tenant at Six East 32nd Street in NYC

by Amy Works May 27, 2015

NEW YORK CITY — Himmel + Meringoff Properties has leased 30,720 square feet of office space to Dataminr at Six East 32nd St. in New York City’s NoMad district. The company has signed a 10-year lease for two floors at the 11-story office building. Dataminr, which transforms real-time data from Twitter and other public sources into actionable signals, is relocating and expanding from 99 Madison Ave. Jason Vacker represented the ownership, Himmel + Meringoff Properties, while Matthew McBride of CBRE represented the tenant.

May 27, 2015

New Jersey Northeast Retail

Cushman & Wakefield Brokers Sale of Edgewood Country Club in New Jersey

by Amy Works May 27, 2015

RIVER VALE, N.J. — Cushman & Wakefield has brokered the sale of Edgewood Country Club, a 185-acre property located in River Vale. The Witmondt and Schonbraun Families, operating through Edgewood Golf Course Realty Associates, acquired the property for an undisclosed sum from Edgewood Country Club Inc. Located at 449 Rivervale Road, the property operates as a private 27-hole golf course and country club facility, including a 41,500-square-foot clubhouse, swimming pools, tennis courts, driving range, putting greens, snack bar, banquet facilities and other amenities. Gary Gabriel, Andrew Merin, David Bernhaut, Brian Whitmer and Ryan Dowd of Cushman & Wakefield brokered the transaction.

May 27, 2015

Multifamily New Jersey Northeast

The Daten Group to Develop 46-Unit Residential Property in Downtown Hoboken

by Amy Works May 26, 2015

HOBOKEN, N.J. — The Daten Group is developing a seven-story residential building at 600 Harrison St. in downtown Hoboken. Designed by Nastasi Architects, the 67,000-square-foot building will feature 46 apartment units with spacious layouts and in-unit washer/dryers, a virtual doorman, a private gym, an outdoor recreation space and 32-spot parking garage. The rental units will range from $2,900 per month for a one-bedroom, one-bath unit to $4,950 a month for a three-bedroom, two-bath unit. Groundbreaking is scheduled for Thursday, May 28, and construction is estimated to last 18 months.

May 26, 2015

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