NEW YORK CITY — The City of New York has signed a 131,946-square-foot expansion lease at 100 Church St. in downtown Manhattan, expanding its occupancy at the 21-story building to 504,466 square feet. The lease renewal has a 20-year term. Michael Geoghegan and John Morrill of CBRE Group represented the tenant in the transaction. Brian Waterman, James Kuhn and Lance Korman of Newmark Knight Frank represented the landlord, SL Green Realty Corp.
CHEEKTOWAGA, N.Y. — Summer Industries has acquired the former GT/Schwinn Bicycle office, warehouse and distribution facility in Cheektowaga for $2 million. The facility is 84,070 square feet. Summer Industries manufactures tubes, cores and canisters made from recycled paperboard. Eric Tudor and Particia Collins of Coldwell Banker Commercial represented the seller in the transaction. Peter Jaremka of JR Militello Realty represented the buyer.
STORRS, CONN. — Chozick Realty has arranged the sale of five student housing complexes near the University of Connecticut in Storrs for $16.1 million. The portfolio contains a total of 231 apartments, with a mix of 160 one-bedroom units and 199 two-bedroom units. Rick Chozick and Tom Boyle of Chozick Realty represented the seller, RRE VIP Mansfield LLC, in the transaction. They also procured the buyer.
NEW YORK CITY — A six-building mixed-use portfolio in the South Bronx has sold for $20.7 million. The portfolio totals 303 apartment units and 14 commercial units for a combined 307,400 square feet. Each of the properties was renovated in 1990. The buildings are located at 1658 Selwyn Ave.; 1254 Sherman Ave.; 1231 Fulton Ave.; 615 E. 168th St.; 1340 Merriam Ave.; and 818 E. 149th St. David Simone, Nicholas Burns and Andrew Essick of Massey Knakal represented both parties in the transaction.
WINOOSKI, VT. — Redstone has arranged $12.2 million in financing for the new Riverhouse project under construction in Winooski. Riverhouse is a 72-unit luxury apartment building located along the Winooski River. The property is slated for completion in the summer of 2013. Doug Nedde of Redstone negotiated the loan through People's United Bank.
LEHIGH VALLEY, PA. — Clarion Partners Property Trust has acquired an ownership interest in Lehigh Valley South, a 315,000-square-foot warehouse and distribution facility in Lehigh Valley, for $9.8 million. The property was constructed in 2008 and is fully leased to two tenants on a triple-net basis.
NEW YORK CITY — Savanna and Monday Properties have completed the sale of 386 Park Avenue South, a 20-story art deco office building in Manhattan's Midtown South district. Savanna acquired a majority stake in the property for $44.2 million in 2010 and launched a $30 million capital improvement plan the following year. Eastdil Secured represented the sellers in the transaction.
PHILADELPHIA, PITTSBURGH AND WEST CHESTER, PA. — Walker & Dunlop has arranged a $70.2 million Fannie Mae loan for the refinancing of a portfolio of historic properties that were converted to multifamily buildings. Reinhold Residential is the borrower. The portfolio consists of seven garden-style apartment buildings totaling 628 units in Philadelphia, Pittsburgh and West Chester. Each of the 10-year loans feature a 25- to 30-year amortization schedule. Reinhold Residential plans to use funds from the closing to upgrade the properties over the next five years.
NEW YORK CITY — Taconic Investment Partners and Square Mile Capital Management are set to begin construction at 837 Washington St. in the Meatpacking District, to transform a vacant structure into a 55,000-square-foot building with retail and office space. Morris Adjmi Architects will design the building, which is slated for occupancy in the fall of 2013. The project will break ground later this month. The office portion of the complex will feature 12-foot ceiling heights and private terrace spaces. The retail space will total 28,000 square feet.
SHARON, MASS. — IDI Distributors, a nationwide supplier of fiberglass and sprayfoam, has leased 32,995 square feet of industrial space at 1245 Providence Highway in Sharon. The company will relocate its Massachusetts distribution operation to the new space. CBRE Group represented the tenant in the transaction. Cathy Minnerly and Ovar Osvold of NAI Hunneman represented the landlord, John D. Murphy Co., in the transaction.