NEW YORK CITY — The Boulevard Heights Portfolio, which includes four multifamily buildings located in Manhattan’s West Harlem and Washington Heights neighborhoods, sold for $45 million. The properties are located at 3489 Broadway, 519 W. 143rd St., 610 W. 163rd St., and 548 W. 164th St. The four buildings total 205 units and span approximately 242,740 square feet. A private investor purchased the portfolio. Bob Knakal, Robert Shapiro and Josh Lipton of Massey Knakal arranged the transaction.
NEW YORK CITY — Rockrose Development Corp. has opened Linc LIC, its new luxury multifamily complex in the Long Island City neighborhood of Queens. Linc LIC features 709 apartments ranging from 450-square-foot studios to 1,400-square-foot, three-bedroom units. The tower’s centerpiece is a duplex lounge on the 31st floor, which opens onto a landscaped lawn with panoramic views of the Manhattan skyline. Linc LIC’s rooftop amenities include barbeque grills, misting sprays and a gazebo, in addition to a separate outdoor resident park. Units include oversized windows in the living areas, granite-clad kitchens and stainless steel appliances. Monthly rents begin at $2,215 for a studio to $4,755 for a three-bedroom unit. Avinash K. Malhorta Architects designed Linc LIC, while Moed de Armas & Shannon Architects designed the interiors. Mathews Nielson was the landscape architect.
BURLINGTON, MASS. — Nordblom Co. has acquired the former Palomar Medical Technologies world headquarters at 15 Network Drive in Burlington, a northwest suburb of Boston. Nordblom, in conjunction with its partner, Network Drive Owner LLC, purchased the 130,000-square-foot building for $25.8 million from Cynosure Inc. The acquisition of 15 Network Drive brings the entire 158-acre campus of Network Drive at Northwest Park under single ownership. Cynosure, a manufacturer of cosmetic, aesthetic and medical lasers, will continue to lease the building through June 2014. Matt Pullen, executive director, Rob Griffin, president, Mike Frisoli, executive vice president, and Ed Maher, vice chairman at Cushman & Wakefield, represented the seller in the transaction.
MARLBOROUGH, MASS. — IEP Technologies has signed a new lease for 32,400 square feet at 417 South St. in Marlborough, located about 30 miles west of Boston. IEP Technologies leased the space for the manufacturing and assembling operations of explosion protection components. Garrett Quinn of Parsons Commercial Group Inc. represented IEP Technologies in the transaction. CBRE represented the building’s owner, Calare Properties.
CAMBRIDGE, MASS. — Skanska USA has sold 150 Second Street, a 123,000-square-foot office and lab building in Cambridge, to Alexandria Real Estate Equities Inc. for $94.5 million. The three-story, Class A building is located in Kendall Square and features large windows and open floor plans. The building was 85 percent leased at the time of sale. Foundation Medicine Inc., a molecular information company that helps doctors identify targeted cancer treatments for patients, currently occupies 61,591 square feet. Bluebird Bio, a biotechnology company focused on helping patients with severe genetic and orphan diseases using gene therapy, will occupy 43,586 square feet beginning in January 2014.
KEASBEY, N.J. — Mainetti, a manufacturer and distributor of garment hangers, has relocated its U.S. headquarters to 110,000 square feet at 300 Mac Lane in Keasbey, about 16 miles south of Newark. The company is relocating from a smaller facility in Secaucus. Andrew Stypa and Daniel Badenhausen of Cushman & Wakefield brokered the transaction. Federal Business Centers owns the warehouse and distribution building.
NORWALK, CONN. — Washington Trust’s commercial real estate group has provided $14.5 million in financing to DIV 40 Richards LLC for a 147,000-square-foot office building in Norwalk. The borrower plans to use the funds to upgrade the building and add amenities such as an expanded café, upgraded common areas, a new fitness center and shuttle service to the commuter station. The Davis Cos., a full-service commercial real estate firm based in Boston, is sponsoring the project.
NEW YORK CITY — Marcus & Millichap has arranged the $5.5 million sale of 853 Saint Nicholas Ave., a 25-unit apartment property in New York City. Peter Von Der Ahe, Scott Edelstein, Joseph Koicim, Seth Glasser, David Lloyd and Jonathan Schwartz, investment specialists in Marcus & Millichap’s Manhattan office, represented the buyer, a limited liability company, and the seller, a private investor. The apartment property is located in the Harlem section of Manhattan between 152nd and 153rd streets. The selling price equates to $219,000 per unit.
BOSTON — Skanska USA has signed a contract with Harvard Business School in Boston to construct a $57 million educational facility. The 61,354-square-foot Ruth Mulan Chu Chao Center will be constructed on the current space of the existing Kresge Hall. Skanska USA is seeking LEED Gold certification for the building. Construction starts in March 2014 and is slated for a May 2016 completion. Headquartered in New York, Skanska USA has approximately 8,300 employees.
MILLSBORO, DEL. — The KLNB retail investment sales group has brokered the $37 million sale of Peninsula Crossing, a 330,000-square-foot regional power center in Millsboro, a city in southeast Delaware. Cole Real Estate Investments purchased the shopping center, which is located on Route 113. Lowe’s Home Improvement, BJ’s Wholesale Club and PetSmart anchor the property. Andy Stape, Mat Adler, and Vito Lupo of the KLNB represented the seller, Millsboro Towne Center LLC, in the transaction.