FLORHAM PARK, N.J. — Hollister Construction has completed the 21,109-square-foot Fairleigh Dickinson University's (FDU) School of Pharmacy in Florham Park. Hollister renovated the existing office space at 230 Park Ave. into classroom, laboratory, meeting and office space. RSC Architects designed the project. More than 80 students are now enrolled in FDU's School of Pharmacy, New Jersey's first pharmacy school associated with a private university.
PHILADELPHIA AND HANOVER, PA. — JC Penney has opened two new stores at retail centers owned by Pennsylvania Real Estate Investment Trust in Pennsylvania. The company opened a 125,000-square-foot store at Will Grove Park in suburban Philadelphia and an 83,000-square-foot store at North Hanover Mall in Hanover. Both locations will feature a 1,700-square-foot “Sephora inside JC Penney,” which will offer cosmetic brands.
SOUTH BRUNSWICK, N.J. — Niki International, a textile company, has sold the former American National Can building at 925 Georges Road in South Brunswick. The 141,000-square-foot manufacturing and warehouse facility is situated on 30 acres and previously housed the seller's textile business. The new owner plans to modernize the property and use it for industrial purposes. The building — originally built by the American National Can Co. — features 30- to 40-foot clear ceiling heights, heavy power and rail capabilities. Lou Belfer and Scott Belfer of CBRE Group represented the seller in the transaction. Joe Lubin of Jones Lang LaSalle represented the buyer.
NEW YORK CITY — Harling Chan has sold a six-story apartment building at 109 Madison St. in Manhattan for $4.5 million. The 9,480-square-foot building contains 22 units and two stores. The property is located in southeast Chinatown, which is also known as Two Bridges, situated between the Manhattan and Brooklyn bridges. Roni Abudi of GFI Realty Services represented the buyer, a local investor, in the transaction. Jeremy Curtin of GFI Realty Services represented the seller.
TEWKSBURY, MASS. — Craft Floor has acquired a 32,160-square-foot warehouse and manufacturing facility at 19 Barker Road in Tewksbury for $1.6 million. The property, located at the intersection of I-495 and Route 38, is situated on three acres. David Gilkie of NAI Hunneman represented the seller, Flauto Realty Trust, in the transaction. Ed Carbone of Carbone Real Estate represented the tenant.
MARLBOROUGH, MASS. — Sepaton Inc., a maker of data backup and recovery solutions for large companies, has signed a 31,511-square-foot lease renewal in Marlborough. The company uses the space at 400 Nickerson Road for its headquarters. The two-story property is located in Marlborough Technology Park, an 85-acre park in the I-495 West submarket. Joe Fallon and Kevin Hanna of Cassidy Turley FHO represented the tenant in the transaction. Josh Lashar of Richards Barry Joyce & Partners represented the landlord.
NEW YORK CITY — NorthMarq Capital has arranged an $11.4 million loan for the acquisition of Orion, a 42,774-square-foot retail condominium in New York City. The condo is part of a newly constructed 58-story residential high-rise on West 42nd St., just west of Times Square. Icon Parking Garage, Well Green Market and Starbucks are the major tenants at the site. Gregory Nalbandian of NorthMarq negotiated the 5-year, interest-only financing through a regional bank. The borrower is a REIT.
STAMFORD, CONN. — Charter Communications has signed a 75,000-square-foot office lease at 400 Atlantic St. in Stamford. The cable operator will occupy space on two floors of the 15-story tower, and is expected to create 200 new jobs. Charter provides advanced video, high-speed Internet and telephone to approximately 5.2 million residential and business customers in 25 states. The company's new space is located across from the Stamford Train Station and is 35 minutes from Manhattan. Additional tenants in the building include UBS and American Express. David Block and Steven Greenbush of CBRE Group represented the landlord, The Landis Group, in the transaction.
HAUPPAUGE, N.Y. — GSE Dynamics has purchased a 56,877-square-foot industrial facility at 110 Oser Ave. in Hauppauge for $3.3 million. GSE engineers and manufactures high-tech components for aerospace and defense equipment. The new building features ample power, 16-foot ceiling heights and is ideally suited for high-tech manufacturing. Ben Levy of Sperry Van Ness represented the seller, Anwar Chitayat, in the transaction.
NEW YORK CITY — Blink Fitness has signed an 18,119-square-foot lease at the Concourse Plaza, located just off the Grand Concourse in the Bronx. The 228,000-square-foot Concourse Plaza shopping center is currently undergoing a major renovation and redevelopment. The remodel includes upgrades to the center and the addition of new space for retail. Blink Fitness will be located on three levels at 820 Concourse Plaza. The owner, The Feil Organization, was self-represented by Randall Briskin in the transaction. Peter Levine of Charter Realty and Bill Miller of Blink Fitness represented the tenant.
