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.
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.
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.
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.
PAWTUCKET, R. I. — Washington Trust Commercial Real Estate Group has provided a $4.5 million commercial mortgage loan to Blackstone Place Limited Partnership for the acquisition of Blackstone Place, a 38,000-square-foot retail building located at 727 East Ave. in Pawtucket. The retail space is currently occupied by Rite Aid, Hillside Avenue Family & Community Medicine and Dunkin’ Donuts.
AUBURN, N.Y. — Towne Center Shopping Plaza, located at 315 Genesse St. in Auburn, has sold for $2.2 million to Clinton Hill Auburn Town Center Equities LLC. The Libby Corp. built the 86,000-square-foot plaza in 2000. The plaza was formerly the home of P & C Grocery until its closing, when the parent company of P & C declared bankruptcy in 2009. The property was then foreclosed by T.D. Bank, and Bouck Real Estate was assigned to handle management of the property. Current tenants in the plaza include Advance Auto Parts and Family Dollar.
NEWARK, N.J. — Hollister Construction Services has completed construction on the New Jersey Scott Flamm Center for Afterschool Development, located at 33 Washington St. in Newark. Hollister completed an interior renovation of the 9,000-square-foot space, which will serve as the headquarters for the All Stars Project in New Jersey. Doug Balder designed the new headquarters, which includes a performance space seating for 125, a leadership conference center and workshop and production and volunteer spaces. The architect was Posen Architects. The All Stars Project provides opportunities for disadvantaged children through paid summer internships.
NEW YORK CITY — Winick Realty Group has been hired by Columbia University to market retail space at 2884 Broadway, between 112th and 113th streets. Formerly occupied by Card-O-Mat, the space is 1,240 square feet on the ground floor with 13-foot ceilings. The retail center is located between two subway stops near the main gate to the campus, and just two storefronts away from the legendary Tom’s Restaurant made famous by the television show Seinfeld.
LONG ISLAND, N.Y. — Harrison Street Real Estate Capital has purchased seven Class A seniors housing properties, located in Nassau and Suffolk counties, for $380 million. The seven assets total 1,047 beds, 80 percent of which are designated for assisted living and the rest for patients with memory care needs. Across the portfolio, residents pay an average of $4,200 per month to rent assisted living units and $5,500 for memory care units. The firm also formed a joint venture with the Engel Burman Group, which developed the assets. Engel Burman made an equity investment in the joint venture and will continue to manage the properties.
PITTSBURGH, PA. — HFF has secured a $58 million loan for McCandless Crossing, a 385,000-square-foot, mixed-use development in Pittsburgh. HFF worked on behalf of the borrower, AdVenture Champion Partnership, to secure the three-year construction loan through Dollar Bank. Proceeds from the loan were used for construction of the fourth and final phase of the development and to refinance the existing bridge loan secured by Phase I and Phase II. McCandless Crossing is located at the intersection of McKnight Road and Duncan Avenue. Construction began in 2010, and the property is a four-phase development with the existing three phases leased to tenants such as Lowe’s, CVS/Pharmacy, LA Fitness and Fidelity Bank. The fourth phase is 50 percent pre-leased with construction slated for completion this year.