SECAUCUS, N.J. — The Children's Place (TCP), an apparel retailer, has completed a $2 million renovation of its national headquarters at 500 Plaza Dr. in Secaucus. The 28,000-square-foot project included expanding the design department to the second floor. The space will be used to create retail products for TCP and house private offices. River Drive Construction served as the general contractor for the project, which took approximately 8 weeks to complete. The building owner is Secaucus-based Hartz Mountain Industries.
PROSPECT PARK, PA. — NorthMarq Capital has arranged a $1.5 million loan for the first mortgage refinancing of 800 Chester Pike, a 3,560-square-foot retail property in Prospect Park. Tenants include BP Gas Station and McDonald's. Matthew Kohlhoss of NorthMarq's Washington, D.C. office arranged the 15-year loan through a correspondent life insurance company. The borrower was 800 Chester Pike Realty LLC.
ELMWOOD PARK, N.J. — Freeman Products Worldwide has signed a 44,000-square-foot lease at 71 Walsh Dr. in Elmwood Park. The trophy manufacturer plans to use the space for its headquarters and regional warehouse. Bonni Heller of Cushman & Wakefield represented the tenant in the transaction. Howard Weinberg and Andrew Houston of Cassidy Turley represented the owner, Walsh Drive Associates. Freeman Products will relocate to the new facility this spring.
PITTSBURGH — Total Hockey, a sports equipment retailer, will open two new locations in the Cranberry and Parkway West submarkets of Pittsburgh. The company signed a 10-year lease for an 8,025-square-foot retail space at Cranberry Square, next to Pier One Imports. Art DiDonato of Oxford Realty Co. represented the landlord in the transaction. The second location will be at the Plaza @ The Pointe in North Fayette, where Total Hockey will occupy 8,910 square feet. The landlord, Costa Land Co., was represented in-house by Sarah Piccione in the 10-year lease deal. Jared Imperatore of Cushman & Wakefield/Grant Street Associates Inc. represented the tenant in both transactions.
SOUTH BRUNSWICK, N.J. — TricorBraun Inc. has signed an 83,200-square-foot lease at 11 Interstate Blvd. in South Brunswick. TircorBraun, a bottle, jar and packaging manufacturer, plans to consolidate two separate warehouse operations within the space. Tom Semler, James Scancarella and Douglas Bock of Cresa represented the tenant in the transaction. Jason Goldman of Cushman & Wakefield represented the landlord, Allianz Life Insurance Co. of America.
BRAINTREE, MASS. — A 204-room Hyatt Place hotel will open its doors in Braintree on May 15. The Hyatt Place Boston/Braintree is located 12 miles outside of Boston at the intersection of Routes 95 and 128. The project will also include a 32,000-square-foot building for retail and restaurants, and another 6,000-square-foot retail building. The building is slated to roll out later this summer. The new hotel includes a fitness center and five meeting spaces. Carpenter & Co. developed the property, while Cambridge Seven Associates provided the architectural services. Interstate Hotels & Resorts Worldwide will manage the hotel.
NEW YORK CITY — Adjacent apartment buildings located at 4706-4712 4th Ave. have sold for $4.4 million in the Sunset Park neighborhood of Brooklyn. A local investor purchased the two buildings, which contain 16 units. Adam Hess of TerraCRG represented the buyer in the transaction.
FLORHAM PARK, N.J. — The Rockefeller Group has completed construction of a 325,000-square-foot office building for BASF Corp. at The Green at Florham Park. The building is home to BASF's new North American headquarters. BASF, a diversified chemical company, had been located in an adjacent property in Florham Park since 2004. Construction of the building began in 2010. The facility has been designed to achieve LEED double platinum certification. The Green at Florham Park is a 268-acre, master-planned development.
NEW HAVEN, CONN. — White Plains, N.Y.-based Longford Associates has acquired 466-480 Foxon Blvd., a grocery-anchored shopping center in New Haven, for $7.4 million. The 49,146-square-foot property is located on Route 80, just northeast of downtown New Haven. The center is 90 percent occupied and tenants include Aldi Supermarkets, T-Mobile and AutoZone. Edward Jordan of Northeast Private Client Group represented the seller, New Haven-based Krypac Development, in the transaction. He also represented the buyer.
NEW YORK CITY — Houlihan-Parnes Realtors has arranged a $3.8 million first mortgage loan for 30-32 E. 38th St., a six-story apartment building in Manhattan. The 10-year, non-recourse loan has a fixed interest rate of 3.55 percent for 5 years. The first 2 years of the loan include interest-only payments. Sheldon Stahl and Fred Stahl of Houlihan Parnes arranged the loan on behalf of CLK Properties and an affiliated company.