MERIDAN, CONN. — Sleeping Giant Research Parkway LLC has sold two office properties in Meriden for $6.32 million. The buildings are located at 355 Research Parkway and 367 Research Parkway. John J. Cafasso and Nicholas R. Morizo of Colliers International represented both parties in the sale. Both buildings are fully leased to long-term tenants. BL Cos., which provides architecture, engineering, surveying and environmental services, occupies 355 Research Parkway. Tucker Mechanical, a subsidiary of EMCOR Group Inc., occupies 367 Research Parkway.
SYRACUSE, N.Y. — NorthMarq Capital has arranged an $8.8 million loan for the first mortgage refinancing of 550 Harrison Center, a 97,076-square-foot medical office building in Syracuse. Michael James of NorthMarq’s Rochester, N.Y. office arranged the 10-year loan through a life insurance company. The loan includes a 25-year amortization schedule.
WHIPPANY, N.J. — Griffin Capital Net Lease REIT has purchased a 114,300-square-foot assembly and manufacturing facility at 110 Algonquin Parkway in Whippany for $13 million. The property is fully leased to GE Aviation Systems, a division of General Electric Co. The building is approximately 25 miles northwest of Newark Liberty International Airport. Griffin Capital is a non-traded REIT that is the flagship of Griffin Capital Corp. of Los Angeles.
NEW YORK — MCR Development LLC has acquired three hotels in Florida and New Jersey for approximately $40 million. The properties, which total 329 rooms, include a Homewood Suites by Hilton, Courtyard by Marriott and Hampton Inn & Suites. In addition, MCR recently began the development and expansion of two Residence Inn by Marriott hotels in New Jersey. MCR owns and manages 19 hotels with 2,158 rooms in 10 states.
MUHLENBERG TOWNSHIP, PA — A limited partnership sold Premium Business Center in Muhlenberg Township, Pa., for $17.05 million. The partnership is comprised of Endurance Real Estate Group of Bala Cynwyd, Pa., Brasler Properties of Philadelphia and Thackeray Partners of Dallas. STAG Industrial of Boston acquired the 400,414-square-foot property. The fully leased facility contains warehouse, distribution and production space, and is located at 171-173 Tuckerton Rd. Michael Blunt, Michael Hines, Brad Ruppel and Paul Touhey represented the seller in the transaction.
MELROSE, MASS. — NAI Hunneman has arranged the $4.55 million sale of 199 W. Wyoming Ave., a 36-unit apartment building in Melrose. The building is fully occupied and includes a mix of studio, one- and two-bedroom units. Carl Christie and Dan McGee of NAI Hunneman represented the seller, 119 West Wyoming Avenue LLC, in the transaction. They also procured the buyer.
HOOKSETT, N.H. — SMC Management Corp. has purchased a 27-acre development site in Hooksett, that is fully permitted for 204 units. The site is named University Heights and is part of a 382-acre, mixed-use development that includes single-family housing, condominiums and commercial space. University Heights is located less than 6 miles north of Manchester, N.H. Terence Scott of ARA's New England office represented the seller, Green View Management, in the transaction.
EAST WINDSOR, N.J. — Inland Real Estate Acquisitions has acquired 100 SciPark, a 65,552-square-foot office and laboratory building in East Windsor, for $17.6 million. Built in 2010, the property is fully occupied by the Elementis Worldwide subsidiary of Britain's Elementis PLC. The company, which will use the space for its world headquarters, converts organic chemicals and minerals into polymers for use in paints, cosmetics and other products. Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt and Nick Karali of Cushman & Wakefield represented the seller, Woodmont Properties, in the transaction. They also secured the buyer.
GREENBURGH, N.Y. — Houlihan-Parnes Realtors has arranged a $4 million first mortgage loan for Greenburgh Shopping Center in Greenburgh. The 62,000-square-foot shopping center is located at 77-97 Knollwood Rd. The 5-year, non-recourse loan has a fixed rate of 4.5 percent, with a 30-year amortization schedule. Houliha-Parnes arranged the loan through a local bank and the borrower has the option to extend the loan for an additional 5 years.
NEWTON, MASS. — Sarben Realty Corp. has purchased 59-75 Wyman St., a 15-unit apartment complex in Newton, for $3.4 million. The property is fully leased and includes three, five-unit brick buildings. The site is located near the Massachusetts Bay Transportation Authority's Green Line. Carl Christie, Dan McGee and Henry Lieber represented the seller, Waban Realty LLC, in the transaction. They also procured the buyer.