NEW YORK CITY — Tutor Perini Corp. was listed by the New York City Department of Transportation as the low bidder and the winner for the $102.7 million contract to replace the City Island Road Bridge over Eastchester Bay. The project includes the construction and removal of a temporary bridge and approach roadways, demolition of the existing bridge structures, construction of a single steel tower cable-stayed bridge with private utilities and landscape improvements. The new bridge will be the first cable-stayed bridge built in New York. Work is expected to begin this April with substantial completion expected by July 2016.
NEW YORK CITY — Thor Equities has acquired 57-63 Greene Street, a 13,854-square-foot retail condominium for $17.2 million in New York City. The six-story building is located between Broome and Spring streets, neighboring top-tier fashion brands including Chanel, Ralph Lauren and Prada. Including this acquisition, Thor Equities has nearly 300,000 square feet in the SoHo district, New York City’s fashion retail epicenter.
WATERBURY, CONN. — Marcus & Millichap has arranged the sale of Mattatuck Plaza, a 146,930-square-foot shopping center in Waterbury, for $12.2 million. The plaza, located at 670 Wolcott St., was 80 percent leased at the time of sale. Joseph French and Thomas Dalzell of Marcus & Millichap represented the seller, a Boston-based private investment firm, and the buyer, a private investor based in Florida.
NEW YORK CITY — The owner of 1991 Broadway in New York City’s Upper West Side has selected the Stan Johnson Company to market the Class A retail condominium. The building, which is vacant, is being offered for $39.5 million. The property is situated on Broadway between 67th and 68th streets and near the new Apple store and TD Bank.
NEW YORK CITY — Massey Knakal has sold a development site at 39-53 Jay St. in Brooklyn for $25 million. The existing three-story manufacturing property, formerly used as a metal stamping and engraving facility, is 80,000 square feet, in addition to a partial basement and an annex building. The site is located less than two blocks from the F train and at the base of the John Street site expansion of the Brooklyn Bridge Park
ROCKAWAY, N.J. — Roundhill Realty LLC has sold 301 Roundhill Drive, a 50,000-square-foot warehouse property in Rockaway, for $5.3 million. Built in 1992 and renovated in 2008, the Class A warehouse structure has 30-foot ceilings. The property is fully occupied with one drive-in and six exterior loading docks. NAI Hanson represented the buyer, Roundhill Acquisition. The seller was represented by Cushman & Wakefield in the deal.
NEW YORK CITY — The eight-story 1175 Grand Concourse building, formerly known as the Verizon Building, has undergone $5 million in capital improvements. The 346,130-square-foot property has shifted from residential to commercial use and includes retail and office spaces. Houlihan-Parnes Realtors LLC and JJ Operating Inc. contributed the equity for the renovations after recently purchasing six of the eight floors. Verizon Wireless, which previously owned the entire building, has retained the two lower floors.
YAPHANK, N.Y. — Construction has begun on Baseball Heaven Long Island’s new 12,000-square-foot, $1.6 million indoor baseball facility in Yaphank, located about 62 miles east of New York City. The new facility will sit on 27 acres and includes tunnel space for four batting cages, two infield areas, a 28-foot high ceiling, video capability, a concession stand and pro shop. The new building is slated for completion in June and is an addition to Baseball Heaven’s complex located at 350 Sills Road.
LEXINGTON, MASS. — SynapDx Corp. and Promedior Inc. have signed leases totaling 18,424 square feet of laboratory space in Lexington, a northwest suburb of Boston. SynapDx Corp. leased 10,724 square feet at 4 Hartwell Place. Promedior leased 7,700 square feet at 101 Hartwell Avenue. SynapDx is a private company providing laboratory diagnostics to physicians who suspect children of developmental disorders. Pormedior is a clinical stage biotechnology company that is developing biologic therapeutics for the treatment of fibrosis. The landlord was King Street Properties, which was represented by Richards Barry Joyce & Partners in the deal.
NEW YORK CITY — A joint venture between Madison Capital and an institutional owner has received a $40 million acquisition loan for a portfolio of five retail properties occupied by Citibank branches in New York City. The 10-year balance sheet loan includes full-term, interest-only payments and was provided by a regional bank. Aaron Birnbaum and Tal Savariego of Meridian Capital negotiated the financing. The Citibank properties are under long-term leases and total 44,245 square feet of retail space.