NEW YORK CITY — Transatlantic Reinsurance Co. has signed a lease for 134,000 square feet of office space at One Liberty Plaza in Lower Manhattan. Transatlantic, a holding company for a number of subsidiary organizations offering reinsurance products, will occupy three floors of the building for 15 years. With the new signing, the property is now 98.6 percent leased. Robert Lowe and John Cefaly of Cushman & Wakefield represented the tenant in the transaction. The landlord, Brookfield Office Properties, was self-represented by Duncan McCuaig.
NEW YORK CITY — Lehman Brothers Holding Inc. has secured an $80 million mortgage loan for the On The Ave Hotel near New York's Central Park. The 282-room boutique property is located on the corner of Broadway and 77th St. Lehman plans to begin a multi-million renovation project at the property, which will include upgrades to the guestrooms, corridors and the lobby. Jeffrey Davis, Mathew Comfort and Mike Huth of Jones Lang LaSalle arranged the loan.
NEW YORK CITY — A partnership between L3 Capital and ASB Capital Management has acquired 72-76 Greene St., a 38,000-square-foot mixed-use building in SoHo, for $41.5 million. The building is known as “The King of Greene Street” because of its French renaissance architectural styling. The property contains two retail spaces, three commercial units and three residential lofts. Adelaide Polsinelli of Eastern Consolidated represented the seller, BSJ SoHo, in the transaction. She also represented the buyer.
ABERDEEN, N.J. — AvalonBay Communities has sold Avalon at Aberdeen Station, a 290-unit apartment property in Aberdeen, for $66.2 million. MFREVF Aberdeen Urban Renewal was the buyer. Constructed in 2002, the four-story property is 96 percent leased and units average 1,021 square feet. Amenities include a clubhouse, fitness center, media room and heated outdoor pool. Jose Cruz, Andrew Scandalios, KEvin O'Hearn and Jeffrey Julien led the HFF team that represented the seller.
CAMBRIDGE, MASS. — Alliara LLC has acquired a 27,796-square-foot retail and apartment building in Cambridge for $31.6 million. Located at 18-28 John F. Kennedy St., the fully leased property contains 16 apartments and 12,150 square feet of retail. Tenants include Papyrus, Uno Chicago Grill and Vitamin Shoppe. Boston Realty Advisors represented the seller.
PORTLAND, MAINE — Fantini & Gorga has arranged $9 million in permanent financing for Danforth Heights Apartments, a 166-unit affordable apartment property in Portland. The eight-building property, located at 48 Salem St., was constructed by its current owner in 1972. Fantini & Gorga secured the 35-year, fixed-rate loan through Eastern Mortgage Capital.
BOSTON — Clarion Partners has acquired six office properties in Boston's Seaport District for $129.3 million. The 407,500-square-foot Fort Point portfolio is 96 percent occupied. The seller was a joint venture between Angelo, Gordon & Co. and National Development. The sale includes a 94,314-square-foot property at 33-41 Farnsworth St.; 34 and 44 Farnsworth St., featuring 24,387 and 93,824 square feet, respectively; 332 and 374 Congress St., which includes 34,412 and 96,236 square feet, respectively; and the 64,204-square-foot 263 Summer St. Ben Sayles and Coleman Benedict led the HFF team that represented the seller in the transaction.
EDISON, N.J. — National Health Investors has sold its 148-bed, Edison senior living campus to its current tenant, Sunrise Senior Living, for $23 million. The Edison property is located in close proximity to the Garden State Parkway and the New Jersey Turnpike.
PRINCETON, N.J. — Dallas-based Ashford Hospitality Inc. and its joint venture partner have received a $112.6 million loan for two hotel properties: the Westin Hotel in Princeton and the Renaissance Hotel in Nashville. The properties are part of the company's Highland Hospitality portfolio, in which Ashford has a 71.7 percent ownership interest. The five-year loans have a fixed interest rate of 4.4 percent and replace two existing loans, which had a combined balance of $76.8 million. The deal completes the refinancing of three CIGNA loans in the portfolio.
BRIDGEPORT, CONN. — Houlihan-Parnes Realtors has arranged a $3.7 million loan for the acquisition of eight garden-style apartment buildings in Bridgeport. The borrower acquired the assets from U.S. Bank for $5 million. The properties total 160 units and include laundry facilities and on-site parking. Jerry Houlihan of Houlihan-Parnes arranged the three-year loan, which amortizes over 30 years, through a New Jersey-based bank.