NEW YORK CITY — Marcus & Millichap has arranged the $3.2 million sale of 334 East 6th St., an 11-unit mixed-use property in New York City. Peter Von Der Ahe of Marucs & Millichap represented the seller, a private investor. Von Der Ahe, Joe Koicim and David Loyd, also of Marcus & Millichap represented the buyer, a private investor.
PHILADELPHIA — Visionworks, the Texas-based optical retailer, has opened its first location in the Philadelphia region. The store is located in Deptford Township, N.J., a suburb of Philadelphia, on the eastern side of the Walt Whitman Bridge. It's the first of more than 25 stores expected to open in the market in 2013. Visionworks said it plans to open 17 stores before the end of the year and additional locations by April 2013. The retail locations are expected to hire 600 new employees.
EAST WINDSOR, N.J. — A joint venture partnership between Advance Realty and Structure Tone Equities has acquired The Windsor Hights Shopping Center, a 132,733-square-foot shopping mall in East Windsor. The mall is 40 percent occupied and located on Route 30, with 92,000 square feet of space available for lease. The center is on Route 130 and Princeton Hightstown Road. Christopher Bellapianta of Advance Realty represented the joint venture in the transaction.
CHICOPEE, MASS. — BK Investments has broken ground on a new Residence Inn by Marriott at 500 Memorial Drive in Chicopee. The four-story hotel will feature 115 suites with fully equipped kitchens, including a full-sized refrigerator and stove. Amenities will include an indoor pool, exercise facilities and private meeting space. The hotel is owned by BK Investments and will operate as a Marriott franchise. Waterford Hotel Group will manage the property. The hotel is slated for completion in 2013. PeoplesBank is the lead lender for the project and Opechee Construction Corp. is serving as contractor and architect for the hotel.
NEW YORK CITY — F&G Realty Group has paid $5 million for 660 East 242nd St., an apartment building in the Wakefield section of the Bronx. The 55,000-square-foot building includes 61 units and is located near the Bronx River Expressway. Josh Orlander of GFI Realty services represented the seller in the transaction, Gun Hill Management. He also represented the buyer.
NEW YORK CITY — Marcus & Millichap has arranged the sale of 597 Park Place, an eight-unit apartment building in Brooklyn, for $990,000. Shaun Riney and Matthew Fotis of Marcus & Millichap represented the seller, a private investor. They also secured the buyer, a fund manager.
NEW YORK CITY — Ariel Property Advisors has arranged the $13 million sale of 62-64 East 34th St., a mixed-use property between Madison and Park avenues. The 18,680-square-foot building includes three leased retail spaces — two on the ground floor and a third on the second floor — and 13 apartments. The property is located near the Empire State Building and Madison Square Garden. Shimon Shkury, Victor Sozio and Michael Tortorici of Ariel Property Advisors represented the seller, a private investment partnership. They also represented the buyer, a private investor.
BOSTON — Colliers International has arranged a $30 million loan to refinance 600 Washington St., also known as the Washington-Essex Building, in Boston. The 251,520-square-foot building was originally built in 1904 and renovated in 1997. The Commonwealth of Massachusetts is the anchor tenant. John Broderick of Colliers International secured the 10-year, fixed-rate loan on behalf of the borrower, Northland Investment Corp. Sun Life Insurance Co. financed the transaction.
TEANECK, N.J. — Phibro Animal Health Corp. has leased 44,000 square feet at Glenpointe Centre in Teaneck. The company, which manufactures animal health and performance products, is relocating its headquarters from Ridgefield Park, N.J. Richard Baumstein, Marc Graham and Christian Politan of Cushman & Wakefield represented the owner, Alfred Sanzari Enterprises, in the transaction. The Krupat Group represented the tenant.
NEW YORK CITY — Highcap Group has arranged the $1.15 million sale of 3057 Bailey Ave., a five-story apartment building in the North Bronx. Several apartments in the 11-unit building were recently renovated. Josh Goldflam of Highcap Group represented the seller in the transaction. Ahmadu Ahmed, also of Highcap, represented the buyer.
