NEW YORK CITY — Marcus & Millichap has arranged the sale of 597 Park Place, an eight-unit apartment building in Brooklyn, for $990,000. Shaun Riney and Matthew Fotis of Marcus & Millichap represented the seller, a private investor. They also secured the buyer, a fund manager.
NEW YORK CITY — Ariel Property Advisors has arranged the $13 million sale of 62-64 East 34th St., a mixed-use property between Madison and Park avenues. The 18,680-square-foot building includes three leased retail spaces — two on the ground floor and a third on the second floor — and 13 apartments. The property is located near the Empire State Building and Madison Square Garden. Shimon Shkury, Victor Sozio and Michael Tortorici of Ariel Property Advisors represented the seller, a private investment partnership. They also represented the buyer, a private investor.
BOSTON — Colliers International has arranged a $30 million loan to refinance 600 Washington St., also known as the Washington-Essex Building, in Boston. The 251,520-square-foot building was originally built in 1904 and renovated in 1997. The Commonwealth of Massachusetts is the anchor tenant. John Broderick of Colliers International secured the 10-year, fixed-rate loan on behalf of the borrower, Northland Investment Corp. Sun Life Insurance Co. financed the transaction.
TEANECK, N.J. — Phibro Animal Health Corp. has leased 44,000 square feet at Glenpointe Centre in Teaneck. The company, which manufactures animal health and performance products, is relocating its headquarters from Ridgefield Park, N.J. Richard Baumstein, Marc Graham and Christian Politan of Cushman & Wakefield represented the owner, Alfred Sanzari Enterprises, in the transaction. The Krupat Group represented the tenant.
NEW YORK CITY — Highcap Group has arranged the $1.15 million sale of 3057 Bailey Ave., a five-story apartment building in the North Bronx. Several apartments in the 11-unit building were recently renovated. Josh Goldflam of Highcap Group represented the seller in the transaction. Ahmadu Ahmed, also of Highcap, represented the buyer.
RANDOLPH, N.J. — Morris Habitat for Humanity has inked a lease for 33,500 square feet at 274 South Salem St., an industrial property in Randolph. The nonprofit is relocating from the nearby Mill Hill, N.J. Barry Cohorsky and Joseph Vindigni of NAI Hanson represented the tenant in the transaction. Built in 1968, the one-story industrial property totals 45,000 square feet on more than 15 acres.
PORTLAND, MAINE — Starwood Hotels & Resorts will reflag the Eastland Park Hotel in Portland under its Westin brand next year, after the hotel undergoes a $40 million renovation. New Castle Hotels & Resorts and RockBridge acquired the 289-room hotel last year. It will be renamed Westin Portland Harborview when the upgrades are completed next year. The renovation will include the restoration of the hotel's rooftop lounge and modernization of the building's systems, such as wireless Internet service. Crews will also strip part of the property down to its original brick and steel structure. The project will be financed in part by historical-property tax credits backed by U.S. banks. Built in 1927, the Eastland Park Hotel is located at 157 High St.
NEW YORK CITY — Marcus & Millichap has arranged the $2.5 million sale of 1402-14087 Putnam Ave., four apartment buildings in Brooklyn. Each of the buildings contains six units. Erik Lundberg of Marcus & Millichap represented the seller, a private investor. Lundberg and Shaun Riney, also of Marcus & Millichap, represented the buyer, a private investor.
TOMS RIVER, N.J. — Gebroe-Hammer Associates has arranged the $16.1 million sale of Dover Chase Apartments, a 110-unit property in Toms River. Built in 2008, Dover Chase is 95 percent occupied. The building features one-, two- and three-bedroom layouts, and most units also include attached garages. Joseph Brecher and Steve Follman of Gebroe-Hammer Associates represented both the buyer and seller in the transaction.
DEVON, PA. — Kimco Realty Corp. has purchased Devon Village, an 89,000-square-foot shopping center in Devon, in Philadelphia's western suburbs. The seller was WP Realty. The center is anchored by a newly expanded and renovated Whole Foods. WP Realty purchased Devon Village in 2009 and expanded the center by 20,000 square feet.