Northeast

Gebroe-Hammer Associates Arranges Three Multifamily Sales Totaling $9.2M in New Jersey

by Amy Works February 3, 2015

BELLEVILLE, N.J. — Gebroe-Hammer Associates has arranged three multifamily property sales, totaling $9.2 million and 108 units, in Belleville. In the first transaction, Joseph Brecher and Nicholas Nicolaou of Gebroe-Hammer represented the seller and procured the buyer for the $4.38 million sale of a 43-unit building located at 574-582 Washington Ave. Additionally, Nicolaou and Stephen Tragash, also of Gebroe-Hammer, represented the seller in the $3.8 million sale of a 51-unit property located at 242 Washington Ave. In the final deal, Nicolaou negotiated the $1.1 million sale of a 14-unit property located at 475 Washington Ave. Additional terms and details were not released for the transactions.

February 3, 2015

Industrial New Jersey Northeast

CBRE Arranges 172,249 SF Industrial Lease in New Jersey

by Amy Works February 3, 2015

SOUTH BRUNSWICK, N.J. — CBRE Group has arranged a 172,249-square-foot lease for Moulton Fulfillment, a full-service order fulfillment house, at 200 Docks Corner Road in South Brunswick. Owned by Prologis, the 1.2 million-square-foot property features 36-foor ceiling heights, 40-by-50-foot column spacing, 136 docks doors, eight drive-in doors, and ample car and trailer parking stalls. Thomas Monahan, Noah Balanoff, Anastasia Lazarides and Bennett Robinson of CBRE represented the tenant, Moulton Fulfillment, in the deal. Additional terms of the transaction were not released.

February 3, 2015

New York Northeast Office

American Realty Capital NYCR to Buy 545,000 SF Office Building in Manhattan

by Amy Works February 2, 2015

NEW YORK CITY — American Realty Capital New York City REIT Inc. (NYCR) has entered into an agreement to acquire an institutional-quality office building in downtown Manhattan for $253 million, exclusive of closing costs. Located at 123 William St., the 545,000-square-foot property is currently 81 percent leased. The property’s largest tenants include the State of New York, the City of New York, the United States of America, the Securities Training Corp. and McAloon & Friedman PC. Additional terms of the transaction were not released.

February 2, 2015

Mixed-Use New York Northeast

Eastern Consolidated Arranges $20M Sale of Commercial Loft Building in NYC

by Amy Works February 2, 2015

NEW YORK CITY — Eastern Consolidated has arranged the sale of a commercial loft building located at 34 West 17th St. in New York City’s Flatiron District. Extell Development sold the 25,000-square-foot property for $20 million to Atkins & Breskin Co. The 10-story, pre-war building features ground-level and basement retail components. Additionally, the currently vacant property is zoned for residential, office, retail or mixed-use development. Ronald Solarz, Chris Matousek and Michael Levine represented the seller and procured the buyer in the deal.

February 2, 2015

New Jersey Northeast Retail

Colliers Brokers $12.9M Retail Strip Center Sale in East Hanover, New Jersey

by Amy Works February 2, 2015

EAST HANOVER, N.J. — Colliers International has brokered the sale of a retail strip center in East Hanover. Located at 346 Route 10, the 30,000-square-foot property sold for $12.9 million. The multi-tenanted property is currently occupied by Party City, Verizon Wireless and Jersey Mike’s Subs and has 25 percent of unoccupied space remaining. Jacklene Chesler of Colliers represented the seller, JEMB Realty, and procured the buyer, The Klein Group, in the deal.

February 2, 2015

Connecticut Northeast Retail

Marcus & Millichap Closes $4.1M Connecticut Retail Property Sale

by Amy Works February 2, 2015

MERIDEN, CONN. — Marcus & Millichap has brokered the sale of a CVS/pharmacy property located at 540 West Main St. in Meriden. A New Jersey-based investor purchased the property for $4.1 million. Originally constructed in 1999 for CVS, the property offers street exposure and a drive-thru lane. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller and buyer in the transaction.

February 2, 2015

Connecticut Multifamily Northeast

Press/Cuozzo Commercial Services Brokers Apartment Complex Sale in Connecticut

by Amy Works February 2, 2015

HAMDEN, CONN. — Press/Cuozzo Commercial Services has arranged the sale of a four-building apartment portfolio located at 63-69 and 75 Fairview Ave. and 154-164 Warner St. in Hamden. The portfolio, which features a total of 18 units, sold for $1.1 million. Stephen Press of Press/Cuozzo represented the owner, Tomer Real Estate Associates, and procured the buyer, Warner-Fairview LLC, in the transaction.

February 2, 2015

Multifamily New York Northeast

Marcus & Millichap Brokers $12.6M Manhattan Apartment Building Sale

by Amy Works January 30, 2015

NEW YORK CITY — Marcus & Millichap has brokered the sale an apartment building located at 425-431 West 205th St. in Manhattan’s Inwood neighborhood. The six-story, 72-unit elevator building sold for $12.6 million, or $175,000 per unit. Peter Von Der Ahe, Scott Edelstein, Seth Glasser and Rafi Moskowitz of Marcus & Millichap’s Manhattan office represented the seller, a private individual, and the buyer, a family partnership, in the transaction.

January 30, 2015

New York Northeast Office Retail

TerraCRG Arranges $7.5M Sale of Brooklyn Commercial Property

by Amy Works January 30, 2015

NEW YORK CITY — TerraCRG has arranged the sale of a commercial property located at 340 Wythe Ave. in the Williamsburg neighborhood of Brooklyn. The 8,633-square-foot property sold for $7.5 million. The property site is zoned M3-1, which allows for approximately 17,266 gross buildable square feet of commercial development, including office or retail space. Ofer Cohen, Melissa Warren, Peter Matheos, Dan Marks and Michael Hernandez of TerraCRG represented the seller in the deal.

January 30, 2015

Multifamily New York Northeast

Ariel Property Advisors Negotiates $6.5M Apartment Building Sale in NYC

by Amy Works January 30, 2015

NEW YORK CITY — Ariel Property Advisors has brokered the sale of a five-story multifamily building, located at 309 West 111th St. in New York City’s Morningside Heights section. The 12,310-square-foot property sold for $6.5 million. The 16-unit property offers a mix of two- and three-bedroom units. Shimon Shkury, Victor Sozio, Michael Tortorici, Josh Berkowitz and Marko Agbaba of Ariel Property Advisors represented the seller and procured the buyer, both real estate investment groups, in the deal.

January 30, 2015

Newer Posts

Older Posts