NEW YORK CITY — Colliers International has arranged a 15-year, 41,000-square-foot corporate relocation on behalf of AFS-USA to 120 Wall St. in New York City. Formerly the American Field Service, AFS-USA is a nonprofit that provides international and intercultural learning experiences to individuals, families, schools and communities through a global volunteer partnership. Founded in 1947, AFS-USA has served more than 400,000 students and young adult professionals around the world. AFS-USA decided to consolidate and relocate its four existing offices in Baltimore; Portland, Ore.; St. Paul, Minn.; and 1 Whitehall Street in Manhattan to 120 Wall St. The organization will occupy the entire fourth floor as well as space on the third floor. AFS-USA is scheduled to move into its new space by the end of this year. Alan Desino, an executive managing director with Colliers International, arranged the lease on behalf of AFS-USA. Roger Silverstein and Joe Artusa, of Silverstein Properties, represented the landlord in the transaction.
AUBURN, N.Y. — CountryMax Stores plans to open a new 22,000-square-foot store in Auburn, located about 28 miles west of Syracuse. The retailer has purchased a 3.5-acre parcel at the Clinton Hill Town Center at 309 Genesee St. Bouck Real Estate represented CountryMax in the transaction. CountryMax Stores provides pet food and supplies, animal feed, lawn and garden items and a number of other rural lifestyle products.
WEST ORANGE, N.J. — The Hampshire Cos. and its joint venture partner, Paragon Realty Group, have sold a 13,946-square-foot medical office condominium located within Mount Pleasant Medical in West Orange. The medical office condo is within the recently redeveloped Class-A medical facility at 375 Mount Pleasant Ave. Current tenants include New Jersey Cardiology Associates, Urology Group of New Jersey, Muscio Pain Management, a new surgical center, and a dialysis center. The 113,000-square-foot, three-story facility is situated on 11 acres and offers access to area highways including Route 10 and I-280. Colliers International New Jersey is actively marketing the building with Frank Gunsberg as the exclusive broker.
HOWELL, N.J. — Commercial mortgage brokerage firm Eastern Union Funding has arranged $6.1 million in financing for a 24-unit multifamily portfolio in the Bushwick section of Brooklyn. David Metzger and Nate Hyman, managing directors at Eastern Union, arranged the loan. The three contiguous properties were completed last year and include eight units each. The nine-year loan provided by Investors Bank includes a 30-year amortization schedule.
CLIFTON PARK, N.Y. — Columbia Development Co. (CDC) will develop a 38,000-square-foot urgent care center and medical office building in Clifton Park, located 10 miles east of Schenectady. Ellis Hospital urgent care, imaging and laboratory departments will occupy the first floor, while Ellis-owned and private physician practices will occupy the second floor. The medical building will include a shared waiting room for imaging and laboratory department. The property will also feature amenities such as a vending area, children’s play area and public restrooms. CDC hired BBL Medical Facilities to plan, design and build the facility.
WATERTOWN, MASS. — A joint venture between Boylston Properties, The Wilder Cos. and Jonathan Bush Jr. of athenahealth Inc. has acquired the 225,000-square-foot Arsenal Mall and the adjacent Harvard Vanguard Medical Associates building in Watertown, a suburb of Boston. Simon Property Group Inc. sold the property located on Arsenal Street. Tenants at Arsenal Mall include Sports Authority, Old Navy, Marshalls, Gap Outlet, Forever 21, Chipotle, Bath & Body Works, Ann Taylor Factory Store and Victoria’s Secret. The Wilder Cos. will take over management responsibilities at Arsenal Mall
NEW YORK CITY — RFR Realty LLC has secured three new office leases totaling 11,040 square feet at 17 State Street, a 42-story office tower in Lower Manhattan. Internet consulting and development provider Six Dimensions signed a 4,507-square-foot lease on the fourth floor of the tower, while startup trading firm FDN Enterprises LLC and money manager Granger Management Holdings LLC took 3,270 square feet on the 38th floor and 3,263 square feet on the 32nd floor, respectively. Asking rents at the Class A property are close to $60 per square foot, according to RFR Realty. Designed by Emery Roth & Sons in 1988, 17 State Street features a curved glass facade and 15,000-square-foot boutique floors. Andrew Simon of Colliers International and Peter Wloch of Empire Properties New York represented Six Dimensions in the transaction. Arkady Smolyansky and Ben Friedland of CBRE represented FDN Enterprises LLC. Whitten Morris of Cushman & Wakefield oversaw the lease transaction on behalf of Granger Management Holdings. Steve Morrows, A.J. Camhi and Ryan Silverman represented the ownership in-house.
ROXBURY, N.J. — NAI James E. Hanson has arranged the $790,000 sale of an 8,223-square-foot office building at 195 Route 206 South in Roxbury. Joseph Vindigni of NAI James E. Hanson represented the seller, PETEC, and secured the buyer, KCKJ EAST, in the transaction. The space is partially occupied by the sales and administrative offices of Delta Cooling Towers. NAI Hanson has been retained as the leasing agent for the remaining space. Located on 1.4 acres, the two-story building features basement space, alarm and in-ground sprinkler systems, a two-bay garage and 37 parking spaces.
NEW YORK CITY — Meridian Capital Group LLC has arranged a $10.7 million loan for the purchase of an office and industrial property in Brooklyn. The four-story, 90,000-square-foot building is located at 168 Seventh St. The seven-year loan features a fixed interest rate of 3.9 percent. A regional balance sheet lender provided the loan. Shamir Seidman of Meridian Capital arranged the loan. Tenants at the building include the Mac Support Store and Aqua Design Group.
NEW YORK CITY — Pacific College of Oriental Medicine has signed a 42,000-square-foot, 15-year office lease at 110 William St. in Brooklyn. The educational institution for East Asian medicine will occupy the entire 19th floor, plus a portion of the ground floor. Jonathan Dean, senior vice president and director of commercial leasing for Swig Equities, represented the landlord in the transaction. Mark Weiss, Robert Eisenberg and Nick Berger from Newmark Grubb Knight Frank represented the tenant. The 32-story office building spans 900,000 square feet and was 99 percent leased at the time of sale.