NEW YORK CITY — Silverstone Property Group and Adam America Real Estate Group have sold a mixed-use property in the Williamsburg neighborhood of New York City for $28.7 million to an undisclosed buyer. Located at 65-69 N. 6th St., the property includes 28 apartments and 4,000 square feet of ground-floor retail. Silverstone and Adam America developed the mixed-use property after purchasing the stalled development from its prior owner. The developers started construction on the project in August 2011, which was completed in September 2012.
WILLINGTON, CONN. — Chozick Realty Inc. has brokered the sale of Willington Oaks Apartments, a 128-unit student apartment community located near the University of Connecticut, for $8.4 million. The property includes a mix of 64 one-bedroom units and 64 two-bedroom units with a 384-bed capacity. The new owners, Willington Oaks LLC plan to renovate the property. Rick Chozick of Chozick Realty represented the seller, RRE VIP Willington LLC, and procured the buyers in the transaction.
NEW YORK CITY — For the first time in more than 50 years, a historic row house located at 36 Riverside Drive in Manhattan has sold. A Long Island-based developer purchased the 7,380-square-foot residential building for $8.6 million. The five-story building includes eight multifamily units. Nestled in a historic landmark district alongside Riverside Park at 76th Street, 36 Riverside Drive was one of the earliest row houses (1888-89) to be constructed on the Drive. Adelaide Polsinelli, senior director at Eastern Consolidated, Kevin McConnell of Himmelstein, McConnell, Gribben, Donoghue & Joseph, Jeffrey E. Glen, Nicholas R. Maxwell of Anderson Kill & Olick, David R. Brody of Borah Goldstein Altschuler Nahins & Hoidel and Milo Silberstein of Dealy Silberstein & Bravernan LLP. Gary Hisiger of Moritt Hock & Hamroff LLP and Polsinelli represented the buyer in the transaction.
NEW YORK CITY — ABS Partners Real Estate LLC today has completed the $6.6 million sale of two development sites located at 412-422 and 423-429 W. 126th St. in West Harlem. ABS represented the buyer, a Manhattan-based Chinese development group, and the seller. Steven Hornstock and Justin Strizzi of ABS led the assignment with assistance from Alan Cohen and Adam Maxson, also of ABS.
CHERRY HILL, N.J. — Endurance Real Estate Group LLC has acquired the Colwick Business Center, a three-building office portfolio located at 53, 55 and 57 Haddonfield Road in Cherry Hill. The 171,215-square-foot building is currently 53.7 percent occupied by eight tenants. Endurance acquired the portfolio from a special servicer who led the disposition effort on behalf of a CMBS lender that foreclosed on the property in early 2012. The property was constructed in 1987 and features private 24/7 access to each tenant suite. Jason Wolf, Leor Hemo and Christina Del Duca of Wolf Commercial Real Estate represented Endurance in the transaction.
BASKING RIDGE, N.J. — The Silverman Group has acquired The Offices at Liberty Corner, a three-building, 525,000-square-foot campus in Basking Ridge, 25 miles west of Newark. The purchase price was undisclosed. The 133,000-square-foot, 106 Allen Road features a new coffee/food kiosk, renovated common areas and other building improvements. The 190,000-square-foot 150 Allen Road includes a fitness center and conference space. At the 202,000-square-foot 110 Allen Road a second fitness center is planned, as well as café upgrades. The campus will also feature new park signage throughout. Bill Brown and Ben Brenner of Cushman & Wakefield will lead leasing assignments for the entire campus.
JERSEY CITY, N.J. — Bayonne Medical Center has signed a 36,624-square-foot lease at 10 Exchange Place in Jersey City. The 748,000-square-foot Class A office building includes access to Exchange Place Path Station and is located near the Hudson-Bergen Light Rail. Bayonne Medical will occupy the entire 15th floor, which will serve as its administrative offices. Jamie and Matthew Weiss of Weiss Realty represented the tenant in the transaction. Cushman & Wakefield represented the sublandlord, Rabo Support Services.
NEW HAVEN AND EAST HAVEN, CONN. — Marcus & Millichap has arranged the sale of two net-leased buildings occupied by Kentucky Fried Chicken for a combined total of $1.1 million in New Haven and East Haven. The transaction includes a 2,841-square-foot property located at 451 Foxon Blvd. in New Haven; and a 2,314-square-foot property located at 650 Main St. in East Haven. Glen Kunofsky and Todd Pajonas of Marcus & Millichap’s Manhattan office represented the seller, a private investor. Adam Mancinone and Blake Barbarisi of Marcus & Millichap’s New Haven office represented the buyer, also a private investor.
BOSTON — Suffolk Construction has celebrated the groundbreaking of the Brigham Building for the Future project, a $280 million research lab and clinical facility in Boston. Located on the Brigham and Women’s Hospital campus, the 620,000-square-foot, 11-story building will include a 460-car parking garage, lab and outpatient clinical space, imaging facilities and a conference center. A pedestrian bridge will be constructed to connect the Brigham Building for the Future to the existing Carl J. and Ruth Shapiro Cardiovascular Center, which was also built by Suffolk. Designed to achieve LEED Gold certification, the building will feature a roof garden to reduce storm water runoff; a system that cleans and reuses storm water for mechanical equipment; and a co-generation plant to supply the building with electricity, steam and hot water. Suffolk is partnering with architecture firm NBBJ. Construction is slated for completion in fall 2016.
NEW YORK CITY — The University Avenue Portfolio, which includes a flex building and 10 surrounding development parcels in the Highbridge section of the West Bronx, has sold for approximately $13.2 million. The 142,030-square-foot flex building includes warehouse and office space, and is located adjacent to the Major Deegan Expressway. The 10 development parcels total more than 72,000 square feet and are located throughout the Highbridge neighborhood of the West Bronx. Tuck-It-Away Associates L.P., a self storage company, purchased the flex building and the five vacant parcels located at 930, 950, 969-973 and 998 University Ave. Tuck-It-Away plans to make the building its new headquarters. The remaining five lots located at 920 University Ave. and 939, 950, 977-979 and 985 Summit Ave. were sold to individual developers. Nicholas Burns and David Simone of Massey Knakal were the brokers in the transaction.