WALL TOWNSHIP, N.J. — Construction is complete on the 44,000-square-foot Sea Girt Square retail center at 2100 Route 35 in Wall Township. River Drive Construction rebuilt the structure, raised the ceilings heights and re-clad the store fronts. Gottesman Real Estate Partners is leasing the site to retail businesses and current tenants include Wings Fitness, Massage Envy and Village Coffee. The Dietz Partnership served as architect for the project.
NEW YORK CITY — The Global Food International Corp. has signed a lease for 25,000 square feet at 11 Times Square, a 1.1 million-square-foot office and retail tower in Manhattan. The company will occupy a ground-floor and mezzanine-level space, and plans to open a two-level restaurant featuring cuisines from around the world. The restaurant is scheduled to open in 2013. James Emden, Robert Koslow and Dmitry Levkov represented Global Food in the transaction. Robert Futterman and Joshua Stauss of RKF represented the landlord, SJP Properties.
LAKEWOOD, N.J. — River Drive Construction has completed a $3.6 million project for the Ocean Health Initiatives (OHI) Lakewood Health Center in Lakewood, a health facility providing care for people who are uninsured or underinsured. The company constructed a two-story, 16,000-square-foot facility at 101 Second St., which was built on top of the existing 9,000-square-foot OHI building. The new facility houses the obstetrics/gynecology and pediatrics wings that include 20 examination rooms and an administrative area.
BRIDGEWATER, N.J. — Health care company Allergen Inc. has inked a 93,000-square-foot lease at Somerset Corporate Center II in Bridgewater. The 250,000-square-foot building is in close proximity to Newark International Airport and New York City. Additional tenants include Juniper Networks and Aon Consulting. Kurt Burdack, Carolyn Sica and Chip Wright of CBRE represented Allergen in the transaction. SPJ was represented in-house.
NEW YORK CITY — Marcus & Millichap Capital Corp. has arranged a $7.3 million loan to refinance a 52-unit affordable housing project in Brooklyn. The mid-rise apartment building was built in 1998. Anita Pins and Gerald Kray of the firm's Manhattan office arranged the 10-year loan, which has a 30-year amortization schedule. The 5-year fixed-rate loan carries a 3.3 percent interest rate.
WESTBOROUGH, MASS. — Columbia Gas, an energy services company serving nearly 300,000 natural gas customers in Massachusetts, has signed a lease for 25,837-square-foot lease at 4 Technology Dr. in Westborough. The company will relocate from 300 Fridberg Pky. this July. John Carroll III, William Lynch, Timothy O'Brien and Wayne Spiegel of Colliers International represented the landlord, 4 & 8 Technology Drive, in the transaction. CBRE Group represented Columbia Gas.
LAKE SUCCESS, N.Y. — Hain Celestial, a natural and organic food group, plans to expand its corporate headquarters in New York. The company leased 86,000 square feet in Lake Success and plans to invest $10 million in relocating and expanding its main office. Hain's move from Melville, N.Y. is supported by an incentive package from Empire State Development that provides $4.5 million in tax credits. The company will relocate its existing 250 Long Island-based employees and create more than 100 new jobs during the next 10 years.
BROOKLYN — A 16-unit apartment building at 5122 Snyder Ave. in Brooklyn has sold for $1.2 million to a private investor. Matthew Fotis and Shaun Riney of Marcus & Millichap represented the seller, a private investor, in the transaction. They also represented the buyer.
UNIONDALE, N.Y. — Developers BF Development and Basser-Kaufman have broken ground on a Walgreens drugstore at 585 Uniondale Ave. in Uniondale. The 13,000-square-foot store will include a drive-through window and will be situated on a 1.3-acre site. The store represents a departure from Walgreens' prototype, which is approximately 14,820 square feet. The project required developers to assemble five contiguous parcels owed by five separate owners in order to obtain the necessary acreage for the store. The developers have a triple-net lease with Walgreens for the site and the project is expected to be complete this winter.
NEW YORK CITY — Daniel Hilpert of Mortgage Equicap has arranged a $2.2 million ground-up construction loan for a condominium development in the East Village. Mortgage Equicap placed the loan with a conventional lender on behalf of the borrower, a foreign developer. The loan was structured with limited recourse.