NEW YORK CITY — A joint venture between RWN Real Estate Partners, Dalan Management and Standard Property Co. has acquired a mixed-use portfolio in New York City for $49.9 million. The properties are located at 380-386 Broome St., 9 Christopher St. and 55-59 and 61-63 Delancey St. The portfolio features 100 multifamily units and 14 fully-leased retail units. James Nelson, Michael DeCheser and Robert Burton of Massey Knakal represented both parties in the transaction.
GARDEN CITY, N.Y. — Onyx Equities has purchased Atria West, a 235,000-square-foot, Class A office building in Garden City. CAF Realty was the seller. The deal, one of the largest office transactions of 2012 on Long Island, closed for a reported $29 million. Onyx will soon begin upgrading the public areas of the property, which is also known as 900 Stewart Avenue. Spector Group, which designed the building, is designing the renovations. Tenants at the building include JP Morgan Chase and AT&T. There is currently 77,452 square feet available for lease. The company has appointed the Rochlin Organization as leasing agent.
BOSTON — Fortium Realty has acquired a 24-unit apartment property at 15 Leicester St. in Boston for $5.1 million. All of the units were occupied at the time of sale. Carl Christie and Dan McGee of NAI Hunneman represented the seller, The Man Trust, in the transaction. They also procured the buyer.
FREEHOLD TOWNSHIP, N.J. — The Solomon Organization has completed its purchase of the 172-unit Chesterfield Gardens in Freehold Township for $16.5 million. The two-story, garden-style apartment complex is located at 210 Harding Road and the property includes laundry facilities and parking. The complex is also situated near Jersey Shore beaches. Joseph Brecher and Steven Follman of Gebroe-Hammer Associates represented both parties in the transaction.
BOSTON — Skanska USA Commercial Development Inc. has purchased Parcel L1 in Boston's Seaport District, with plans to develop a 455,000-square-foot office building on the site. Located in the 23-acre, mixed-use Seaport Square development, the parcel is located at the corner of Seaport Boulevard and Boston Wharf Road. Boston Seaport LLC, a partnership between Morgan Stanley and Boston Global Investors, was the seller. Skanska acquired the land and development rights for $33 million and contributed an additional $4.5 million to Seaport Square's public realm improvements. The site is adjacent to Parcel K, the property Skanska bought last year with Wining Properties.
LANCASTER, PA. — Marcus & Millichap has arranged the $28.2 million sale of a multifamily portfolio in Lancaster, totaling 387 units. The first property is Windsor Court Townhomes, a 125-unit single-family neighborhood at 1821 Hidden Lane. The sale also included Cherryhill Villas, a 118-unit apartment community at 560-02 Estelle Drive, and Sweetbriar Apartments, a 143-unit property at 1917 Oregon Pike. Recent upgrades at Sweetbriar include a refurbished private pool area along with new windows and patio doors. Mark Thomson, Zachary Pierce, Ridge MacLaren, Clark Talone and Andrew Townsend of Marcus & Millichap represented the buyer, a regional limited liability company, in the transaction.
SOUTHBOROUGH, MASS. — Ken's Foods Inc. has acquired a 350,000-square-foot warehouse at 325 Turnpike Road in Southborough, which previously served as a site for Verizon Wireless, for $15 million. Ken's Foods makes and distributes more than 400 dressings, marinades and sauces. The company will use the new space and its surrounding 51 acres for finished goods distribution. Kevin Hanna of Cassidy Turley represented the buyer in the transaction. John Lashar of Richards Barry Joyce & Partners represented the seller, Cornerstone Real Estate Advisors.
LEOMINSTER, MASS. — Calare Properties has acquired a vacant, 588,868-square-foot industrial building at 25 Tucker Drive in Leominster for $11.6 million. After completing miscellaneous repairs, the new owner plans to redeploy the property into the marketplace for lease. The facility features 5 to 10-inch concrete floors, 28-foot clear ceiling heights, 36,300 square feet of air-conditioned office space and seven rail side doors. Tim O'Callaghan of Binswanger represented both parties in the transaction.
NEPTUNE, N.J. — Cushman & Wakefield has arranged the $7 million sale of a 162-unit apartment portfolio at 300-400 Neptune Blvd. and 1819 Bangs Ave. in Neptune. The portfolio includes Neptune Gardens, Stratford Gardens and Harlee Gardens. The properties are located three miles from the Garden State Parkway. Brian Whitmer, Andrew Merin and Donald Eisen of Cushman & Wakefield represented the seller in the transaction.
NEW YORK CITY — Prudential Mortgage Capital Co. has provided a 15-year, $85 million loan for Kips Bay Plaza, a 171,325-square-foot retail center in Manhattan. The borrowers are MD Carlisle and JD Carlisle. The property is located on Second Avenue between 30th and 32nd streets. Fairway Supermarkets anchors the property. Additional tenants include an AMC movie theater and Rite Aid pharmacy. Evan Stein of MD Carlisle says the financing was a “culmination of a three-year effort on our part to reposition the property.” Chris Lama of NY Urban Real Estate Services arranged the loan.
