HERKIMER, N.Y. — Marcus & Millichap has arranged the $2.1 million sale of a 2,132-square-foot, net-leased property in Herkimer, located 16 miles southeast of Utica. A Kentucky Fried Chicken and Taco Bell occupy the property, which signed a new 20-year lease at the closing of the deal. Glen Kunofsky and Judson Kauffman of Marcus & Millichap’s Manhattan office represented the seller and the buyer, private investors, in the transaction. KFC / Taco Bell is located at 200 South Caroline St.
ALBANY, N.Y. — The Hampshire Cos. has acquired a 66,000-square-foot retail property and an adjacent 1,000-square-foot gas station in Albany from Columbia Development Co. ShopRite, a subsidiary of Wakefern Food Corp., fully occupies the 66,000-square-foot building. The new grocery store is the third of four new locations for ShopRite in the Albany market this year. The property is located at 711 Central Ave.
NEW YORK CITY — Colliers International has arranged a 12,200-square-foot lease at 2 Penn Plaza in New York City on behalf of Marks Paneth & Shron LLP (MP&S), which sublet its space on the fourth floor to Jacobs Engineering Group Inc. MP&S provides auditing, accounting, tax, consulting, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to public and private businesses. Jacobs Engineering Group provides technical support to industrial, commercial and government clients across multiple markets. Owned by Vornado Realty Trust, 2 Penn Plaza is a 32-story, 1.5 million-square-foot office tower in Manhattan on Seventh Avenue between 31st and 33rd streets. Michael Burlant of Cushman & Wakefield represented Jacobs Engineering Group in the transaction.
STAMFORD, CONN. — Clarion Partners has acquired Infinity Harbor Point, a 242-unit, Class A multifamily property in Stamford for $98.8 million. The newly-constructed 22-story property is located in Harbor Point, a mixed-use development with more than 1,350 new apartments, 400,000 square feet of Class A office space and 130,000 square feet of retail and dining. The property was 96 percent leased at the time of sale.
NEW YORK CITY — Gaia Real Estate Investment and Harel Insurance Investments and Financial Services have sold Gaia by the Park, a six-story apartment building in Manhattan, for $27.2 million. The multifamily property is located at 5 W. 91st St. in the Upper West Side neighborhood. Besen & Associates represented Gaia and Harel in the transaction.
EDGEWATER, N.J. — Capstone Realty Group has purchased Marketplace at Edgewater, an 88,641-square-foot shopping center, and an adjoining 10,030-square-foot pad site in Edgewater, for $20.6 million. The shopping center sold for $16.4 million and the pad site for $4.2 million. Built in 1990 on 6.4 acres, the center is situated along the Hudson River near the George Washington Bridge at 725 Tower Road. Trader Joe’s anchors the shopping center. Other tenants include Animal General, Binghampton Bagel, Chase Bank, Fast Frames, H&R Block, PetValu, River Pet Resorts and Scerbo Physical Fitness. Mark Taylor, Dean Zang and Christopher Munley of Marcus & Millichap represented the seller, a private investor. Greg Babaian, also of Marcus & Millichap, represented Capstone in the transaction.
NEW YORK CITY — Monday Properties and Invesco have secured three new leases at its property located at 230 Park Ave. in Manhattan. Bank of the Ozarks, a 100-year-old, Little Rock, Ark.-based community bank, signed a lease for 2,400 square feet. This will be the bank’s first office in New York City. Dallas-based Comerica, another banking institution, expanded its footprint by 1,800 square feet to now occupy 5,900 square feet on the sixth floor. In a third transaction, The Leona M. and Harry B. Helmsley Charitable Trust signed a new 15-year lease for 5,400 square feet on the fifth floor of the office building. The 34-story tower, located between 45th and 46th streets, includes 1.4 million square feet of Class A office space. James Wenk of Jones Lang LaSalle represented Bank of the Ozarks in its leasing transaction. Comerica and the Helmsley Trust were self-represented. Monday Properties was represented in-house by Jordan Berger in all three transactions, together with Frank Doyle, Jonathan Fanuzzi, Paul Glickman and David Kleiner of Jones Lang LaSalle.
NEW YORK CITY — Hudson Realty Capital LLC has funded a $21.7 million first-mortgage loan secured by a newly constructed, eight-story mixed-use building in Queens. Proceeds from the loan will be used to pay off an existing mortgage and market the condominiums in the building. The property includes 82 one-, two- and three-bedroom condominium units, 15 community-space units, eight ground-floor retail units and 60 parking spaces. Amenities at the property include a fitness center, a multi-purpose room and a storage room. Located in the primarily residential neighborhood of Woodside, the building is six blocks from the nearest subway and three blocks from the on-ramp to the Brooklyn-Queens Expressway. The borrower has developed more than 60 properties — including hotels and residential and commercial assets — throughout the New York City area.
SECAUCUS AND MILLBURN, N.J. — G.S. Wilcox & Co. has arranged $15.9 million in financing for two industrial properties in Secaucus and one mixed-use property in Millburn. Great West Financial provided the two Secaucus loans totaling $6.5 million for Hartz Mountain. The loans were secured by a 61,220-square-foot warehouse located at 125 Seaview Drive and a 58,736-square-foot warehouse at 140 Seaview Drive. Genworth Financial provided the third loan for Fidelco. The $9.4 million loan was secured by a 91,722-square-foot mixed-use property located at 225 Millburn Ave. in Millburn. Gretchen Wilcox, president, and Al Raymond, principal, at G.S. Wilcox & Co. arranged the loans.
UNION CITY, N.J. — Gebroe-Hammer Associates has arranged the $6 million sale of an apartment/office property in Union City, about 10 miles northwest of Newark. The sales price translates to 180,000 per apartment unit. The mixed-use property includes 34 apartment units and one office unit and is located at 812 New York Ave. Nicholas Nicolaou, vice president at Gebroe-Hammer, represented the seller and the buyer, both private investors, in the transaction.