Northeast

CONRAD NEW YORK HOTEL IN MANHATTAN AWARDED LEED-GOLD CERTIFICATION

by admin March 19, 2013

NEW YORK CITY — The U.S. Green Building Council has awarded Conrad New York, a luxury waterfront hotel, located in Manhattan’s Battery Park City, LEED-Gold certification for new construction. Some environmentally friendly features at the Conrad include: a green roof and roof garden with vegetables used by Conrad New York’s signature restaurant ATRIO and Chef Floyd Cardoz of Danny Meyer’s restaurant North End Grill; bike racks for public use; and low-flow plumbing fixtures that help the hotel reduce its water consumption by more than 30 percent. Other features include light-emitting diode (LED) lights for more than 60 percent of all lighting at the hotel, low volatile organic compound (VOC) materials to promote indoor air quality, locally sourced materials, Forest Stewardship Council (FSC) certified wood and Energy Star kitchen equipment.

March 19, 2013

ORBACH GROUP ACQUIRES MANHATTAN APARTMENT BUILDINGS FOR $70M

by admin March 18, 2013

NEW YORK CITY — The Orbach Group has acquired a three-building New York City apartment portfolio, totaling 178 high-end rental units, for $70 million from Dermot Co. The three Upper West Side apartment buildings—210, 220, and 230 W. 107th Street— are located between Amsterdam Avenue and Broadway and include a mix of one-, two- and three-bedroom units. Rents range between $2,400 and $5,000 per month. The Orbach Group now owns and manages more than 1,000 apartment units in New York City and more than 5,000 units throughout its East Coast portfolio. Andrew Scandalios of HFF represented the seller in the transaction.

March 18, 2013

Northeast Retail

NATIONAL NET LEASE REALTY ARRANGES $3.8M SALE OF CVS PROPERTY

by admin March 18, 2013

JERSEY SHORE, PA. — National Net Lease Realty has arranged the sale of a $3.8 million triple-net leased CVS/pharmacy property at the corner of Allegheny and Bridge streets in Jersey Shore, located about 100 miles north of Harrisburg. The 10,125-square-foot CVS store was built in 2005. CVS has 14 years remaining on its lease. Terry Marks of National Net Lease Realty represented the seller, a California-based LLC, and the buyer, a New York-based LLC, in the transaction.

March 18, 2013

Northeast Retail

HOMEGOODS TO OPEN 24,000 SF STORE IN EDGEWATER, N.J.

by admin March 18, 2013

EDGEWATER, N.J. — Furnishings retailer HomeGoods has plans to open its newest New Jersey location in Edgewater Harbor, a mixed-use development located about 11 miles north of New York City. The 24,000-square-foot store will anchor the 100,000-square-foot retail component of the development. Jake Frantzman of Levin Management negotiated the long-term lease. Jerry Welkis of Welco Realty represented HomeGoods in the transaction.

March 18, 2013

Northeast Office

CLARUS GROUP, CARLIN & WARD SIGN LEASES AT FLORHAM PARK CORPORATE CENTER

by admin March 18, 2013

FLORHAM PARK, N.J. —The Clarus Group LLC and Carlin & Ward P.C. have signed leases at Florham Park Corporate Center, a 226,000-square-foot, Class A office property in Florham Park, N.J. The Clarus Group signed a lease for 5,375 square feet at 25 B Vreeland Road, which is located just off the Columbia Turnpike near Eisenhower Parkway. Fred P. Hyatt of Jones Lang LaSalle represented the Clarus Group. Bryn Cinque and James Bailey of Colliers represented the landlord in the transaction. Additionally, Carlin & Ward, a law firm, renewed its lease of 5,894 square feet of office space at Florham Park. John Osborne of Bergman Real Estate Group represented the landlord, while Jeremy Neuer, Peter Shikar and Robert Norton of CBRE represented Carlin & Ward in the transaction.

March 18, 2013

Multifamily Northeast

FANTINI & GORGA ARRANGES $14M LOAN FOR CLINTON APARTMENTS IN CLINTON, MASS.

by admin March 15, 2013

CLINTON, MASS. — Fantini & Gorga has arranged $14 million in long-term financing for the redeveloped Lofts at Lancaster Mills, a 132-unit apartment complex located in Clinton, about 45 miles west of Boston. The 15-year loan was placed with a major insurance company. The Lofts at Lancaster Mills was redeveloped out of a portion of an existing mill structure. The property has high-end unit finishes and amenities, which include a theater, indoor basketball court, indoor putting green and car wash station.

March 15, 2013

Northeast Office

ALLOY DIGITAL SIGNS A SUBLEASE FOR 29,416 SF OF OFFICE SPACE IN NYC

by admin March 15, 2013

NEW YORK CITY — Alloy Digital LLC has signed a six-year, 28,416-square-foot sublease at 498 Seventh Ave. in New York City. The Class A office building spans 880,000 square feet. Alloy Digital was represented by Alexander Chudnoff, executive managing director, and Dan Turkewitz, senior vice president, of Jones Lang LaSalle in the transaction. Howard Fiddle and Joe Mangiacotti of CBRE Inc. represented the sublandlord, Liquidnet Holdings. George Comfort & Sons Inc. owns the building. Alloy Digital will occupy the entire 19th floor at 498 Seventh Ave. The digital media firm is relocating to the Times Square District office building from its previous offices at 151 W. 26th St.

March 15, 2013

Northeast Retail

DEE DAA SIGNS 2,790 SF RETAIL LEASE AT 31 PENN PLAZA IN NYC

by admin March 15, 2013

NEW YORK CITY — Dee Daa, an authentic Thai eatery, has signed a 10-year lease for 2,790 square feet of retail space at 31 Penn Plaza in New York City. Dee Daa will occupy a portion of the ground floor. Founded by Mallika Sukjaro, a Thailand native, Dee Daa offers fast casual Thai food with a healthy spin and authentic Thai ingredients. Amy Zhen and Mark Frankel of Newmark Grubb Knight Frank procured the tenant and represented the landlord, an affiliate of Savanna, a New York-based private equity firm, in the transaction.

March 15, 2013

Industrial Northeast

NAI HANSON NAMED LEASING AGENT FOR INDUSTRIAL SITE IN CLIFTON, N.J.

by admin March 15, 2013

CLIFTON, N.J. — NAI James E. Hanson has been named sales and leasing agent for a 245,951-square-foot industrial property at 1 Lisbon St. in Clifton, located about 17 miles west of New York City. Kenneth Lundberg, Barry Cohorsky and Scott K. Perkins of NAI Hanson are handling the assignment on behalf of the owner, 1513 Realty LLC and Hoist Realty Corp. The property includes a 118,343-square-foot high-bay warehouse with 26-foot ceilings, 116,471 square feet of manufacturing space with 16-foot ceilings and office space totaling 11,137 square feet. The site is listed at $12.3 million.

March 15, 2013

Multifamily Northeast

MAROLDA PROPERTIES ACQUIRES 52-UNIT APARTMENT BUILDING IN NYC FOR $11.8M

by admin March 14, 2013

NEW YORK CITY — Ludlow Associates has sold a four-building, 52-unit apartment complex, located at 144-150 Ludlow St. in New York City to Marolda Properties for $11.8 million. The 40,000-square-foot multifamily property includes five studios, 40 one-bedroom units and seven two-bedroom units. Brian Ezratty, Nancy Tran, Scott Ellard and Aliza Avital of Eastern Consolidated represented the seller in the transaction. Ezratty and Avital also procured the buyer.

March 14, 2013

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