DANBURY, CONN. — Regional Hospice and Home Care of Western Connecticut is taking temporary space at the Matrix Corporate Center in Danbury, while its new headquarters is being constructed on Milestone Road, less than a mile from Matrix. The company signed a 10,000-square-foot lease for the next 18 months. Regional Hospice's new, 35,000-square-foot building will include 12 in-patient units, a commercial kitchen, spa, bereavement center, chapel, conference rooms, living rooms and administrative offices. The project is slated to open in the fall of 2014. Hal Kurfehs of Scalzo Realty and Aaron Smiles of Matrix represented Matrix in the lease transaction.
ATLANTIC CITY, N.J. — A partnership between Edison Investment Advisors and Sencit Properties has sold a 14-story apartment tower in Atlantic City to an unidentified buyer, who also owns an adjacent property called Metropolitan Plaza. The 201-unit affordable housing project is one block from the new Revel Resort & Casino and includes an attached parking garage, newly renovated units and a 24-hour security guard. Jason Starkman of Starkman Realty Group represented both parties in the transaction.
BEDFORD, MASS. — The Massachusetts Army and Air National Guard have opened the nation's first Joint Forces Headquarters building at Hanscom Air Force Base, located two miles south of Bedford. The 120,000-square-foot office building is Phase I of a two-phase, two-wing, 200,000-square-foot facility. The building will serve as the administrative, war-time and domestic response headquarters for more than 8,000 soldiers, airmen and civilians. CTA Construction Co. built Phase I of the project and Kleinfelder/SEA Consultants provided design services.
BOSTON — Brown Brothers Harriman, the oldest privately held financial institution in the U.S., has signed a 410,000-square-foot lease at 50 Post Office Square in Boston. The company will relocate its 2,000 employees to the new space this fall following substantial upgrades to the interior of the building. Andy Hoar, Ogden White, David Fitzgerald and Tim Lyne of CBRE — N.E. Partners and Alex Randall and Katie Murphy of Goodwin Procter LLP represented the building owners, CV Properties LLC and Bentall Kennedy, in the the transaction. Rob Griffin, Dave Martel and Gil Dailey of Cushman & Wakefield and Paul Jakubowski and Kevin Bernier of WilmerHale LLP represented the tenant. CV Properties and Bentall Kennedy acquired the property from Verizon Communications Inc., which previously occupied the space, in 2008.
TROY, N.Y. — Marcus & Millichap has arranged the $3.9 million sale of Troy Plaza, a 129,343-square-foot retail property at 120 Hoosick St. in Troy. Joseph French of Marcus & Millichap represented the seller, a financial institution, in the transaction. He also secured the buyer, a private investor.
DEVENS, MASS. — Colliers International's capital markets group has arranged a $13.7 million loan for 112 Barnum Road, a 448,000-square-foot industrial asset in Devens. A joint venture between Calare Properties and Hackman Capital Partners acquired the property, which served as the former Evergreen Solar headquarters, earlier this year. Tom Welch and David Douvadjian of Colliers arranged the five-year, nonrecourse loan through Unibank for Savings.
NEW YORK — Newmark Grubb Knight Frank Capital Group has completed the $80.5 million sale of a portfolio of five Citibank retail bank branches in the New York metro area. A joint venture between Madison Capital and an institutional owner purchased the portfolio. The portfolio consists of 18 Citibank-leased properties and includes: 181 Montague St.; 123 East 86th St.; 2261 Madison Ave.; 107-01 71st Ave,; and 1800 Williamsbridge Road. A Newmark team lead by Kenneth Zakin represented the seller, FGP West Street.
PHILADELPHIA — New York-based Time Equities Inc. has purchased Northbrook Corporate Center in Philadelphia for $11.4 million. The Class A office space, located at 900 and 1210 Northbrook Drive, is 161,170 square feet. 900 Northbrook is a 66,690 square-foot, three-story building and 1210 Northbrook is 94,480 square feet and four stories. Northbrook Corporate Center offers office space ranging from 1,200 square feet to 20,000 square feet available for immediate lease. Asking rents start at $20 per square foot. Brian Smyth and Dennis Durkin of CBRE will oversee leasing for the property.
NEW CANAAN, CONN. — M2 Partners LLC has purchased Merritt Apartments, a four-building, 24-unit apartment complex located in downtown New Canaan, for $8.4 million. The multifamily property totals 39,531 square feet and is comprised of four buildings, just two blocks from the Metro North train station and two miles from Route 15. Cushman & Wakefield represented the seller, New Canaan Merritt Apartments LLC, and Arnold Karp and Karp Associates Inc. represented M2 Partners in the deal.
NEW YORK — Centerline Capital Group has provided a $4 million loan to refinance 55 Hudson Street, a cooperative multifamily property located in the Tribeca section of New York City. This deal was the first transaction funded through Freddie Mac’s new Cooperative Early Rate Lock Program. The program enables borrowers to lock in interest rates within 72 hours of a package submission to Freddie Mac. The loan is secured by 55 Hudson Street, a 10-story, 34-unit luxury cooperative building that was incorporated in 1980 and is 100 percent sold. The property was originally constructed as a commercial warehouse in 1890 and was converted for residential usage in the early 1980s. The borrower is New York-based Tribeca Owners Corp., whose primary purpose is to manage the operations of the property.