NEW YORK CITY — An out-of-state developer has purchased a development site at 301 E. 61st St. in Manhattan's Upper East Side for $15.4 million. The area of the lot is approximately 3,781 square feet and a five-story apartment building is currently situated on the site. The property allows for 45,812 buildable square feet. Louise Beit of Sotheby's International represented the buyer in the deal. Bob Knakal and Clint Olsen of Massey Knakal Realty Services represented the seller.
YONKERS, N.Y. — Lord & Taylor has opened a new store in Westchester's Ridge Hill in Yonkers. The 80,000-square-foot store is the company's 11th store in the state of New York. The two-story location offers men's and women's clothes, jewelry, makeup and more. Ridge Hill is owned and operated by Forest City Ratner Cos.
NEW YORK CITY — Daniel Hlipert of Mortgage Equicap has arranged a $6.2 million bridge loan for the acquisition of a development site in Soho. The borrower, a foreign developer, plans to develop retail and luxury condominiums on the site. The property currently contains a vacant, two-story structure.
MORRISTOWN, N.J. — TM Forum has renewed and expanded its lease to 16,500 square feet at 240 Headquarters Plaza in Morristown. Sam Horowitz and Chris Hovanec of UGL Services' Iselin, N.J. office represented the tenant in the deal. Ben Brenner, Jon Williams and Robert Donnelly Jr. represented the owner, Olnick-Fisher Development Associates. TM is an international, non-profit association for service providers and their suppliers in the information, telecommunications and entertainment industries.
WESTFORD, MASS. — Red Hat has signed a build-to-suit development and lease extension at Westford Technology Park in Westford. The Gutierrez Co. will expand the software company's existing 75,000-square-foot building at 314 Littleton Rd. by an additional 100,000 square feet. The new addition will include four floors of office space. Construction is slated for completion in 2013. John Wilson, Brian McKenzie and James Lipscomb of Richards Berry Joyce & Partners represented the building owner, Gutierrez Co., in the deal. Jones Lang LaSalle represented the tenant.
MANCHESTER, N.H. —Linear Retail Properties has acquired a 9,870-square-foot shopping center at 926-952 South Willow St. in Manchester for $4.3 million. The center is fully leased to four tenants: Chipotle Mexican Grill, Mattress Giant, U.S. Cellular and Hannoush Jewelers. Rich Rostoff of Spectra Realty represented Linear Retail in the deal. Martin O'Boyle was the seller.
NEW YORK CITY — Pomerantz Haudek Grossman & Gross has signed a 14,320-square-foot headquarters lease at 600 Third Ave. in New York City. The law firm is slated to occupy the space in June, relocating from 100 Park Ave. Ted Rotante and Robert Freedman of Colliers International represented the tenant in the deal. Andrew Wiener of L&L Holding Co. LLC represented the building owner.
NEW YORK CITY — Four Wood Capital Partners has signed a 4,343-square-foot lease at 100 Wall St. The privately held financial services firm will occupy a portion of the 11th floor for an 8-year term. Mitch Konsker, Scott Cahaly and Brian Reiver of Jones Lang LaSalle represented the landlord, Savanna, in the deal. Josh Winslow of Winslow & Co. represented the tenant.
MOUNT LAUREL, N.J. — Marcus & Millichap has arranged the $19 million sale of Town Square Shopping Center, an 88,380-square-foot center in Mount Laurel, located 16 miles east of Philadelphia. The center is anchored by a 64,225-square-foot ShopRite supermarket. Built in 1996, Town Square is located at 829 Union Mill Rd. Brad Nathanson of the Philadelphia office of Marcus & Millichap represented the seller, a New Jersey-based private developer, in the deal. He also represented the buyer, a New Jersey real estate firm.
NEW YORK CITY — Trevi Retail has purchased a mixed-use building at 22 E. 13th St., between Fifth Avenue and University Place in New York City, for $4.8 million. The five-story building contains 4,099 square feet. The building includes a two-story restaurant space occupied by City Tavern, which is leased until 2016. There are five apartment units above. James Nelson, Mitchell Levine, Caroline Hannigan, Matt Nickerson and Matt Bowman of Massey Knakal Realty Services represented the buyer in the transaction. They also represented the seller.