CAMBRIDGE, MASS. — RCG has acquired 12 apartment units at 11-21 Pine St. in Cambridge for $2.3 million. David Ross, Robert Tito, Gina Barroso and Robert Tito Jr. of NAI Hunneman represented the seller, First Cambridge Realty, in the transaction. They also procured the buyer.
EWING, N.J. — Urge Fitness has signed a lease for a new 13,000-square-foot exercise facility to be developed in the Ewing Square Shopping Center, located at 968 Parkway Ave. in Ewing. Construction is slated to begin this fall and the club is expected to open before the holidays. The Goldstein Group is the property landlord.
NEW YORK CITY — TIAA-CREF has purchased 1511 Third Avenue on the Upper East Side for $60 million. The 60,000-square-foot retail building is one block south of East 86th Street, the main retail artery in the neighborhood. The property is fully leased to long-term tenants Gap and Equinox. Bob Knakal and Thomas Gammino of Massey Knakal represented both parties in the transaction.
PRINCETON, N.J. — Chambers Street Properties has acquired 701 and 801 Charles Ewing Blvd., a two-building laboratory and office campus in Princeton. The buildings total 110,765 square feet and are fully leased to a specialty chemical company. Built in 2009, the properties are situated within the Princeton South Corporate Center. Chamber Street added more than 5.5 million square feet to its portfolio in 2012, mostly fully leased office and warehouse properties.
NEW YORK CITY — Eastern Union Funding has arranged a $47.4 million loan for the acquisition of the Westbourne apartment complex in Manhattan. The five-building, 182-unit property occupies a full city block along West 137th Street. The purchase also included a new Duane Reade store with a 20-year lease. Shaya Ackerman of Eastern Union arranged the loan on behalf of Bonjour Capital, which acquired the property from Extell. Investors Bank provided the 10-year loan, which includes a 3.7 percent interest rate.
PORTLAND, MAINE — Chatham Lodging Trust has acquired the recently opened Hampton Inn Portland Downtown — Waterfront Hotel for $28 million. The deal includes an adjacent land parcel, which can be sold or used for future development. The six-story, 122-room hotel is located at 209 Fore Street in the Old Port district. The ground floor of the hotel includes the separately-owned Sebago Brewing Co. Island Hospitality Management will oversee operations at the hotel.
OLD BRIDGE, N.J. — Construction is under way on Woodhaven Plaza, a new neighborhood shopping center on Texas Road in Old Bridge, about one mile from Monroe Township. The 118,000-square-foot center will serve as the retail component of Woodhaven Village, a planned residential community that currently contains a mix of 350 single-family homes, townhouses and apartments. Atlantic Realty is developing both the retail and residential areas, and R.J. Brunelli & Co. is serving as the leasing agent for the center.
NEW YORK CITY — Investor Ben Ashkenazy, who has recently acquired several properties across New York, has purchased a retail condominium at 300 West 145th St. in Harlem for $21.5 million. The 50,000-square-foot property occupies the entire block from West 144th Street to West 145th Street. Tenants include Carver Federal Savings Bank and a local nursery. Bob Knakal and Jonathan Hageman of Massey Knakal represented both parties in the transaction.
NEW YORK CITY — Centurion Realty, Imperium Capital and Crown Acquisitions have acquired 120 Prince St., a mixed-use building in New York City, for $20 million. Located between Wooster and Canal streets, the building consists of 1,750 square feet of ground-floor retail space and 1,750 square feet of residential space. Crown purchased a 50 percent stake in the property, while Imperium and Centurion together own the remaining 50 percent.
DELRAN, N.J. — SDK Apartments has acquired Tenby Chase Apartments, a 327-unit garden-style community in Delran, for $37.5 million. The property is 98 percent leased and units average 1,387 square feet. Amenities include an outdoor pool, playground and tennis court. Jose Cruz, Andrew Scandalios, Kevin O'Hearn, Jeffrey Julien and Michael Oliver led the HFF team that represented the seller, Pantzer Properties, in the transaction.