BURLINGTON, MASS. — KeyPoint Partners LLC has added several new leasing and property management assignments to its portfolio. The assignments include Crosspointe Plaza, a 94,000-square-foot retail center in Naugatuck, Conn.; Tyngsboro Crossing (formerly TJ Maxx Plaza), a 180,400-square-foot retail center in Tyngsboro, Mass.; 2100 Washington St., a 20,000-square-foot retail/office property in Hanover, Mass.; and Merchant’s Row, a 63,700-square-foot retail center also on Washington Street in Hanover. Don Mace, vice president of leasing, is handling the assignments. KeyPoint Partners has also been named property manager for the Woonsocket Medical Building, a 53,000-square-foot office property located at John A. Cummings Way in Woonsocket, R.I. KeyPoint Partners is based in Burlington, Mass.
Northeast
NEW YORK — Madison Realty Capital (MRC) has provided $33 million in first mortgage financing for 45 Park Place, a condominium tower under development by Soho Properties. Construction is expected to begin in 2015 and end in 2017. The loan will be used to fund pre-development and other costs associated with the as-of-right project, which totals 120,000 square feet. 45 Park Place is a glass and steel tower that will stand at 665 feet when finished. Jean Nouvel is the project’s architect and Tishman Construction is the construction manager.
GREENWICH, CONN. — Urstadt Biddle Properties Inc. has acquired two properties totaling 89,000 square feet in Greenwich. The first property is a three-story, 48,000-square-foot mixed-used building located on Boston Post Road. It was 97 percent occupied at the time of sale and is occupied by retail tenants including CVS/Pharmacy, Robek’s, Domino’s Pizza and Member’s Credit Union. The second property is a group of two-story mixed-use properties located at the intersection of Sound Beach Avenue and Arcadia Road. The property is anchored by an 18,200-square-foot King’s Supermarket, with other tenants including Dunkin’ Donuts, Panache Salon and Chillybear.
NEW BRITAIN, CONN. — The Grossman Cos. has acquired Columbus Plaza, a 54,450-square-foot shopping plaza in New Britain, for $7.7 million. The acquisition is Grossman’s sixth in Connecticut in the last two years. Jeff Dunne, David Gavin, Erik Edeen, Chris Angelone, Bill Moylan and Nat Heald from CBRE’s New York and Boston offices brokered the transaction. Peter Kenn of Goedecke & Co. arranged mortgage financing with Blue Hills Bank. Columbus Plaza is located at 150-174 Columbus Blvd. directly off Route 9.
WESTBOROUGH, MASS. — Ferris Development Group has signed a seven-year, 114,000-square-foot lease that will bring Genzyme, a Sanofi company, to One Research Drive in Wesborough. Genzyme will be relocating operations from its offices in Framingham later this year. The lease brings One Research Drive to 93 percent occupancy. John Lashar, Paul Leone and Danielle DeMarco of Transwestern | RBJ represented Ferris Development. Louis Kluger, Jeff Zell and Marc Sobel of JM Zell represented Genzyme.
NEW YORK — Carlton has arranged a $240 million multi-tranched equity and debt capital stack for Michael Shvo, Davide Bizzi and Howard Lorber to acquire 125 Greenwich Street, an 80-story condo tower in Manhattan’s Financial District. Carlton provided the capital stack by coordinating six different lenders and investors from five different countries, including India and China. Michael Campbell, Jeff Kosow and Robert Mudry and Chad Roberson of Carlton worked with Chairman Howard Michaels to execute the transaction.
HOBOKEN, N.J. — HFF has arranged $70 million in financing for Curling Club Apartments, a 240-unit, Class A multifamily community in Hoboken. Curling Club Apartments consists of four five-story residential buildings and includes two-bedroom units. HFF worked on behalf of the undisclosed borrower to secure the fixed-rate loan through Nationwide Life Insurance Co. HFF brokered the sale of the asset to the borrower in June 2014. Jon Mikula, Tom Didio and Samuel Seiden led the HFF debt placement team representing the borrower.
NEW YORK — Related Cos., Oxford Properties Group and Neiman Marcus Group Inc. plan to open a flagship Neiman Marcus store on Manhattan’s west side at Hudson Yards. The 250,000-square-foot, multi-level store is scheduled to open in 2018 and will be the first for the brand in New York City. The three-level Neiman Marcus will anchor the 1 million-square-foot Shops at Hudson Yards. Related Cos. and Oxford Properties Group developed the 28-acre Hudson Yards, which includes more than 17 million square feet of commercial and residential space. The property also features more than 100 shops and restaurants, approximately 5,000 residences, a 750-seat public school and a 175-room luxury hotel.
WESTBOROUGH, MASS. — Ferris Development Group has arranged a seven-year, 114,000-square-foot lease to bring Genzyme to One Research Drive in Westborough. Genzyme will be relocating operations from its offices in Framingham, Mass., with an expected move-in during the fourth quarter of 2014. Since February, Ferris Development and Transwestern | RBJ have signed five leases, raising the building’s occupancy to 93 percent. John Lashar and Paul Leone, along with Danielle DeMarco of Transwestern | RBJ, represented Ferris Development. Louis Kluger, Jeff Zell and Marc Sobel of JM Zell represented Genzyme in the transaction.
COMMACK, N.Y. — Stein Mart has signed a 30,800-square-foot- lease at the Mayfair Shopping Center in Commack. Jake Frantzman of Levin Management negotiated the transaction. SRS Real Estate Partners represented the tenant. Stein Mart will move into the space formerly occupied by MJM Designer Shoes. A 60,000-square-foot Waldbaum's supermarket anchors the 221,000-square-foot Mayfair Shopping Center.