EAST BRUNSWICK, N.J. — HFF has arranged the $6.5 million sale of Cranbury Corporate Center, a medical office facility located at 620 Cranbury Road in East Brunswick. Completed in 2005, the two-story, 63,855-square-foot building is 80 percent leased to a variety of medical specialty groups such as MRI, surgical centers, OBGYN, eye care, rehabilitation, podiatry and general patient care. LabCorp and Life Alert are both tenants in the building. Kevin O’Hearn and Steve Simonelli of HFF represented the seller in the transaction.
Northeast
BOSTON — Marcus & Millichap has arranged the sale of 28-38 L Street, a 12-unit apartment building located in South Boston. A dual family trust sold the property for $2.1 million to a private investor. Built in 1920, the property features two studio and 10 one-bedroom units. Evan Griffith of Marcus & Millichap’s Boston office represented the seller and procured the buyer in the transaction. Todd Tremblay is the broker of record for Marcus & Millichap’s Boston office.
LOCKPORT AND TULLY, N.Y. — NorthMarq Capital has arranged financing totaling $1 million for two Dollar General stores in Lockport and Tully. The stores offer a combined total of 16,250 square feet of retail space. The 10-year loan features a 25-year amortization schedule. Scott DeVinney of NorthMarq Capital’s Rochester, N.Y., office arranged the financing for the borrower through NorthMarq’s relationship with a regional bank.
NEW YORK CITY — Boston-based Spagnolo Gisness & Associates (SG&A), a full-service architectural, interior design and environmental graphics firm, has opened an office in New York. The new office includes a business development team led by Adam Spagnolo and supported by staff splitting time between the Boston and New York offices. Founded in 1991 by Al Spagnolo, Bill Gisness and Jeff Tompkins, SG&A comprises 50 architects, interior designers, environmental graphic designers, project managers and support staff. The firm’s notable recent projects in the Boston and Cambridge, Mass., markets include projects for Biogen Idec, Edgerton Performing Arts Center, Sacred Heart University, Kostas Research Institute for Homeland Security, Northeastern University, Flanagan Campus Center, Wentworth Institute of Technology, LogMeIn, Communispace, EnerNOC, and PUMA.
MIDDLETOWN, PA. — Woodmont Industrial Partners (WIP) has completed site demolition and started construction for 200 Capital Lane, a 400,000-square-foot warehouse building. The new facility is part of Capital Logistics Center, a six-building, 1.6 million-square-foot industrial complex situated on 100 acres in Middletown. WIP demolished two 1950s-era buildings within the park and plans to construct two LEED-certified, Class A warehouse facilities totaling approximately 530,000 square feet. 200 Capital Lane is slated for completion this December, with 300 Capital Lane following shortly after. As the largest building within the park, 200 Capital Lane will feature T-5 lighting, an ESFR sprinkler system, 87 dock doors, two drive-in doors and 36-foot clear heights. A joint venture between WIP and AEW Capital Management acquired the property in June 2013. AEW acquired the property on behalf of AEW Partners VI. Michael Hess, Patrick Lafferty and Bart Anderson of CBRE are marketing and leasing the property.
NEW YORK CITY — New York-based Ismael Leyva Architects has provided architectural and interior design services for 66 Rockwell, a high-rise residential tower located at 29 Flatbush Ave. in Brooklyn. Developed by the Dermont Co., the 42-story tower will feature 337,00 square feet and 326 residential units. The building will feature a Sky Lounge on the 42nd floor with a bar, fireplace and outdoor cabanas, a fitness center offering Bikram Yoga, library, country kitchen, sports bar and game and golf simulator rooms, as well as a terrace with a projector for large-screen movie viewing. The property also offers storage space, a bike room and a 135-car parking garage. The residential tower is slated for completion this fall.
LIVINGSTON, N.J. — The Fresh Market plans to open a new location at The Village at Livingston, a 93,000-square-foot shopping center in Livingston. The upscale specialty grocer has signed a long-term lease for 23,000 square feet of retail space from Eastman Cos. for the new store, which is slated to open this fall. David Perlmutter of Perlmutter Properties represented the landlord, while Larry Anderson of Anderson Commercial Real Estate Services represented the tenant in the transaction.
PITTSBURGH — NorthMarq Capital has arranged a $1.8 million construction to permanent loan for Rivertech Office Works in Pittsburgh. Located at 3700 S. Water St., the building offers 12,000 square feet of office space. Scott DeVinney of NorthMarq Capital’s Rochester, N.Y., regional office arranged the 10-year loan, which features a 20-year amortization schedule, through NorthMarq’s relationship with a regional bank.
NORWOOD, N.J. — Dimensional Communications Inc., a full-service experiential marketing company, has signed a lease for 21,000 square feet at Alfred Sanzari Enterprises’ industrial complex in Norwood. The Mahwah, N.J.-based company will use its space at 335 Chestnut St. as a warehouse facility. The six-building industrial portfolio is located at 335, 375 and 385 Chestnut St. and 10 and 50 Maple St. in Norwood. NAI James E. Hanson negotiated the transaction on behalf of the owner, Alfred Sanzari Enterprises.
YORK, PA. — Americana Development has purchased 3380 Susquehanna Trail North in York. Constructed in 1990 and situated on 10.6 acres, the 113,000-square-foot warehouse/distribution facility features 21-foot clear ceilings and nine dock-high loading doors. American Development is a part of Kenda Group Cos. and plans to use the facility to distribute tires. Pat McBride, Gerry Blinebury, Adam Campbell, Leah Balerno and Marie Connell of Cushman & Wakefield represented the seller, Newport Beach, Calif.-based Hager Pacific Properties, which acquired the property in 2007. Jack Shepley of NAI CIR represented the buyer in the deal.