NEW YORK CITY — Datagram has signed a lease for 5,200 square feet of conventional office space at Intergrate.Manhattan, which is located at 375 Pearl St. in Manhattan. The 1 million-square-foot facility is owned by Seattle-based Sabey Data Center Properties. Datagram plans to relocate its entire executive team, sales force and its network operations center to the new space from 33 Whitehall St. in Lower Manhattan in July. The company specializes in dedicated and managed hosting, colocation, Internet access and disaster recovery. Michael Morris of Newmark Grubb Knight Frank represented the landlord in the lease transaction.
Northeast
MELROSE, MASS. — Wood Partners LLC is developing 2 Washington, an apartment community located on 2.4 acres of infill property at 2 Washington St. in Melrose. The five-story, 130,000-square-foot property will offer 49 one-bedroom units, 45 two-bedroom units, a clubhouse, a fitness center, a roof deck and an outdoor lounge area with grilling stations. The apartment units will feature stainless steel appliances, vinyl plank flooring in kitchens and baths, granite countertops, and washers and dryers. Additionally, the community will offer residents 133 parking spaces, 38 of which will be covered. Construction will break ground in June, and the project is slated for completion by September 2015. Bargmann Hendrie + Archetype designed the property, and Wood Partners is serving as general contractor and developer.
NEW YORK CITY — Besen & Associates has completed the sale of 1530 Sheridan Ave. in the Claremont neighborhood of the Bronx. The six-story, 84-unit apartment building sold for $10.5 million. Built in 1927, the 96,000-square-foot building offers 18 three-bedroom units, 35 two-bedroom units, 28 one-bedroom units and three studios. Amit Doshi of Besen & Associates represented the seller, Prana Investments, and the buyer, a local private investor, in the transaction. Mark Mandell of Mandell, Mandell LLP provided legal representation for the seller, and Mark Winston of Lazarus, Lazarus & Winston LLP provided legal services for the buyer.
NEW YORK CITY — Delshah Capital has completed the disposition of 163 West 80th Street on Manhattan’s Upper West Side to Yu Far Realty, a group of Chinese investors. The five-story, 9,624-square-foot residential brownstone, which has been converted into five luxury residential units, sold for $7.65 million. The units feature high ceilings, oversized windows and high-end finishes, including open kitchens with stainless steel appliances and modern bathrooms. Howard Raber, Randy Modell and Scot Hirschfield of Ariel Property Advisors in Manhattan represented the seller in the transaction.
MANSFIELD, CONN. — Orchard Acres Apartments LLC has purchased Orchard Acres Apartments in Mansfield for $5.9 million. The 96-unit, student-oriented apartment community is located adjacent to the University of Connecticut. Constructed in 1962, the property offers one-bedroom units in 24 four-plex buildings — 88 units at Orchard Acres I and eight units at Orchard Acres II. Rick Chozick and Tom Boyle of Chozick Realty represented the buyer and the seller, 157-35 OAP Holding LLC, in the transaction.
NEW YORK CITY — Kalmon Dolgin Affiliates has arranged the sale of 16-18 Decatur Street in the Ridgewood neighborhood of Queens. JHS Acquisitions purchased the 17,000-square-foot property for $2.8 million. The industrial property offers 40-foot ceilings, double interior loading docks and one drive-in door; however, the owner plans to use the space as an art studio. Neil Dolgin and Grant Dolgin of Kalmon Dolgin represented the seller, Midland Realty LLC, in the transaction. Sholom & Zuckerbrot Realty represented the buyer.
NEW YORK CITY — Amsterdam-based citizenM has partnered with Brack Capital Real Estate to open citizenM New York, the first citizenM hotel in the United States. Located off the corner of Broadway and 50th Street near Times Square, the 80,000-square-foot, 21-story hotel offers 230 rooms. Amsterdam-based Concrete and New York-based Montroy Andersen DeMarco designed the hotel, which offers a 2,300-square-foot first floor, public outdoor spaces, and a 1,500-square-foot mezzanine that includes a lounge and work area. Construction began on the hotel in summer 2012 and the structure topped out in 2013. In addition to the design team, the project team included Flintlock Construction Services, DeSimone Consulting Engineers and Gilsanz Murray Steficek.
NEW YORK CITY — Massey Knakal Realty Services has brokered the sale of a multifamily building located at 2835-2875 Ocean Ave. in Brooklyn’s Sheepshead Bay neighborhood. The property sold for $31.5 million or approximately $197 per square foot. The six-story, 159,996-square-foot building offers 200 rent-stabilized units. Additionally, the elevator-serviced building features a laundry room and 38 indoor parking spaces. Alex Svetlakou and Bob Knakal of Massey Knakal represented the seller, while Rosewood Real Estate represented the buyer in the transaction.
BROCKPORT, N.Y. — Philadelphia-based Binswanger, on behalf of Silagi Development & Management, has brokered the lease of a high-bay, distribution facility in Brockport. Situated on 32 acres at 1989 Transit Way, the 265,600-square-foot property will be occupied by Medline Industries. The warehouse and office facility was built in 1989 and expanded in 1999. Jim Panczykowski of Binswanger’s New Haven, Conn., office handled the transaction.
PITTSBURGH, PA. — HFF has secured $165 million in financing for a four-property retail portfolio totaling more than 1.9 million square feet in Pennsylvania and Ohio. The borrower is Pittsburgh-based J.J. Gumberg Co. HFF arranged a fixed-rate loan for three of the properties through CorAmerica Capital LLC and JP Morgan Chase Bank, National Association, and a floating-rate loan for the fourth property through CorAmerica Capital. The portfolio includes the 760,000-square-foot Clearview Mall in Butler, Pa.; the 640,000-square-foot The Waterworks in Pittsburgh; the 130,000-square-foot North Huntingdon Square in North Huntingdon, Pa.; and the 385,000-square-foot Norththowne Hall in Defiance, Ohio. The HFF team was led by Gerard Sansosti and Brandi Wyskocil.