BAYONNE, N.J. — RPM Warehouse has renewed its 304,000-square-foot industrial lease at 99 Hook Rd. in Bayonne, east of Newark. Situated on 20 acres, the property includes 50 exterior doors, reinforced concrete floors and secured parking. The owner, Avidan Management, was represented in-house by Josh Avidan in the transaction.
HYDE PARK, N.Y. — The Stop & Shop Supermarket Co. has started construction of a new store that will anchor the Hyde Park Mall in Hyde Park. The mall owner, Azarian Group, has also started its renovation of the shopping center. The grocery chain will construct a 55,000-square-foot building and install a gas station in the parking lot. Additional work will include a new parking lot, updated landscaping and fresh storefront facades throughout the mall. Construction is expected to be complete by this November.
NEW YORK CITY — Harlem 546-146 Associates LLC has sold a three-building portfolio at 546-52 W. 146th St. in West Harlem for $8.9 million. The three buildings are approximately 46,420 square feet and contain 70 apartment units. Victor Sozio, Shimon Shkury, Michael Tortorici and Jesse Deutch of Ariel Property Advisors represented the seller in the transaction. Calota Sosa and Mark Griffith of CitiHabitats represented the buyer, an international group.
LEWISBURY, PA. — Fishing Creek Properties LP has purchased a 216,000-square-foot light manufacturing and assembly complex in Lewisbury, near Harrisburg, Pa., for $6 million. The 27.8-acre site is located at 505-509 Fishing Creek Rd and is fully leased. Jeff Algatt of Marcus & Millichap represented the seller, Flight Systems Inc., in the transaction.
ERIE, PA. — Cooper Commercial Investment Group has arranged the $1 million sale of West 38th Street Plaza, a retail center at 2301 W. 38th St. in Erie. The 96,000-square-foot center contains 78,000 square feet of vacant, big-box space as well as a 4-acre outparcel for future development. Tenants include Subway and Snap Fitness. Bob Havasi and Dan Cooper of Cooper Commercial represented the sellers, DDR Erie LLC, in the transaction. The buyers were a private group based in Erie.
ATLANTIC CITY, N.J. — Homewood Suites by Hilton has opened a new 120-suite hotel in Atlantic City. Homewood Suites by Hilton Atlantic City West /Egg Harbor Township includes studio, one- and two-bedroom suites. The hotel also includes an indoor pool, fitness center and business center. The property is located within minutes of the Hamilton Mall and the Atlantic City Boardwalk and Casinos. The Briad Group owns and manages the four-story hotel.
NEW YORK CITY — The World Trade Center tower, constructed to replace the twin towers that were leveled on 9/11, has edged out the Empire State Building as the tallest building in New York City. On Monday, crews installed steel columns on top of the tower, which surpassed the 1,250-foot high Empire State Building. When finished, One World Trade Center will stand 1,776 feet tall. Completion is scheduled for the end of 2013. The property is being jointly developed by the Port Authority of New York and New Jersey and The Durst Organization. The building is expected to be the tallest in the western hemisphere. Burj Khalifa in Dubai remains the world's tallest building at 2,723 feet.
NEW YORK CITY — Urban American has sold three mixed-use properties in Brooklyn for $18.1 million. The properties are located at 350 Empire Blvd. and 441 Brooklyn Ave. in Prospect-Lefferts Garden and 305 E. 34th St. in East Flatbush. The buildings encompass 157,255 square feet, consisting of 154 apartments and five commercial spaces. Bob Knakal and Michael Amirkhanian of Massey Knakal represented Urban American in the transaction. David Berger and Aaron Jungreis of Rosewood Realty Group represented the buyer, Sol Kopelowitz, a local real estate investor.
NEW YORK CITY — David Berley, chairman of brokerage firm Walter & Samuels, has purchased a boutique office building in the Flatiron District for $10 million. The 7-story building is located at 30 E. 20th St. and includes loft-like office space and two ground-level retail spaces. Ivan Hakiman of HPNY represented the seller in the transaction.
WATERTOWN, MASS. —Three new office tenants will move into the Riverworks complex, located at 480 Pleasant St. in Watertown. The Alzheimer's Association will relocate from Arsenal on the Charles in Watertown, Mass. and will use a portion of the second floor, totaling 18,737 square feet, as its regional headquarters and training facility. Sabre Hospitality Solutions will relocate from Netwon, Mass. into 11,583 square feet on the fourth floor. Education Resource Strategies (ERS) has signed a lease for 10,403 square feet on the second floor, and will relocate from One Brook Street in Watertown. Daniel Kollar, Brendan Cohn, Peter Bekarian and Keith Gurtler of Jones Lang LaSalle represented the owner, Farley White Interests, in the transaction. Robert Fitzgerald and Bill Crean represented the Alzheimer's Association. Keith Gurtler of Jones Lang LaSalle represented Saber, while Adam Meixner and Jeremy Fried of Boston Realty Advisor represented ERS.