MOON TOWNSHIP, PA. — Homewood Suites by Hilton has opened Homewood Suites by Hilton Pittsburgh Airport/Robinson Mall Area; it is the company’s second hotel in the Pittsburgh area. Located at 2000 GSK Drive in Moon Township, the four-story hotel features 117 suites with fully equipped kitchens, and separate living and sleeping spaces. The property is located minutes from Pittsburgh International Airport and downtown Pittsburgh. Concord Moon Associates LP owns the hotel, which is managed by Concord Hospitality.
Northeast
NEW YORK CITY — KiDS Creative LLC has signed a lease for 34,755 square feet of office space at One World Trade Center. The 15-year lease is for the entire 87th floor of the 104-story, 3 million-square-foot building. One World Trade Center is being developed as a joint venture of The Durst Organization and The Port Authority of New York and New Jersey. Durst is marketing the building along with the Cushman & Wakefield team of Tara Stacom, Alan Stein, James Searl and Justin Royce, and Jodi Pulice of JRT Realty.
NEW YORK CITY — New York-based New Street Realty Advisors has brokered three retail leases in New York City. In the first transaction, Gregorys Coffee has signed a 15-year lease for 1,100 square feet of ground-floor retail space at 350 Hudson Street in New York’s Hudson Square district. Joshua Gettler, Matthew Gorman and Joshua Kaufman of New Street Realty Advisors represented the tenant, while Sinvin Real Estate represented the landlord, Trinity Realty Estate. In the second transaction, Hale and Hearty leased 1,800 square feet of space at 369 Lexington Avenue, a 120,000-square-foot office building in New York, from Atlas Ventures. Gettler and Gorman of New Street Realty Advisors represented the tenants and worked directly with the landlord representatives. Lastly, Bank Street College of Education has leased 3,195 square feet at 2791 Frederick Douglass Blvd. from Ellington 18 LLC. The tenant will take occupancy immediately. Gorman, Kaufman and Gettler represented both parties in the transaction.
STAMFORD, CONN. — Mesa West Capital and RCG Longview have provided $90 million in debt financing to a venture controlled by an affiliate of George Comfort & Sons. The loan will refinance High Ridge Park Corporate Center, a 580,000-square-foot office campus located off Merritt Parkway in Stamford. The borrower acquired the property in 2003 and completed a multi-million dollar renovation that included new lobbies and common areas, as well as other upgraded amenities. The office complex is currently 83 percent occupied by a variety of national and regional tenants. The financing included $77.5 million in short-term senior debt from Mesa West and a $12.5 million mezzanine loan from RCG Longview. A portion of the proceeds will go toward leasing costs associated with further stabilizing the property.
NEW YORK CITY — Time Inc. has signed a lease for 700,000 square feet of office space at 225 Liberty Street in Lower Manhattan. The company will relocate its global headquarters from Midtown Manhattan. The property is one of the five office towers of Brookfield Place complex, which is owned by Brookfield Office Properties (NYSE: BPO). Brookfield Place is currently undergoing a $250 million renovation of its retail and common areas, which will be fully completed in 2015. Mitch Steir, Michael Colacino, Matthew Barlow and Howard Nottingham of Studley represented the tenant, while Jerry Larkin, David Cheikin and Alex Liscio represented Brookfield in-house.
NEW YORK CITY — A joint venture between The Kalikow Group and Steelpoint Property Group has acquired a pre-war, four-story mixed-use building located at 517 Second Avenue in Manhattan’s Kips Bay/Gramercy neighborhood. Rana Associates sold the property for $5.1 million. The building features an existing ground-floor restaurant and apartments on the other floors. The apartments are currently vacant.
STAMFORD, CONN. — Starwood Hotels & Resorts Worldwide has signed a 20-year lease renewal and expansion for 430,000 square feet of office space at One StarPoint at Harbor Point in Stamford. The company will continue to use the space as its global headquarters. Starwood currently occupies 300,000 square feet at the property and under the new lease will be able to expand into additional space as it becomes available. Constructed in 1989 and renovated in 2011, One StarPoint is a two-tower, 430,000-square-foot Class A office complex. Building and Land Technology is the owner and developer of Harbor Point, the mixed-use waterfront development where One StarPoint is located.
NEW YORK CITY — Mission Capital Advisors’ Debt & Finance Group has arranged $10 million in first-mortgage financing for Northwind Group. The borrower used the loan to finance the $16 million acquisition of 40 Wooster Street. The six-story office building is located in Manhattan’s SoHo neighborhood. Jonathan More, Steven Buchwald and Jamie Matheny of Mission Capital secured the non-resource loan on behalf of the borrower.
LEXINGTON, MASS. — Fantini & Gorga has arranged $7 million in permanent financing for Countryside Manor Apartments in Lexington. Located at 425 Woburn St., the eight-building, 51-unit property offers a mix of two- and three-bedroom apartments and 83 off-street parking spaces. Casimir Groblewski and Despina Hatzipetrou of Fantini & Gorga secured the financing through a Midwest-based major insurance company for the borrower, Countryside Manor LLC.
NEW YORK CITY — Marcus & Millichap has brokered the sale of 343 Sixth Avenue, an 8-unit apartment building located in Brooklyn’s Park Slope neighborhood. The property sold for $5 million, or approximately $490 per square foot. Derek Bestreich of Marcus & Millichap secured and represented the buyer in the off-market transaction.