RANDOLPH, N.J. — Morris Habitat for Humanity has inked a lease for 33,500 square feet at 274 South Salem St., an industrial property in Randolph. The nonprofit is relocating from the nearby Mill Hill, N.J. Barry Cohorsky and Joseph Vindigni of NAI Hanson represented the tenant in the transaction. Built in 1968, the one-story industrial property totals 45,000 square feet on more than 15 acres.
PORTLAND, MAINE — Starwood Hotels & Resorts will reflag the Eastland Park Hotel in Portland under its Westin brand next year, after the hotel undergoes a $40 million renovation. New Castle Hotels & Resorts and RockBridge acquired the 289-room hotel last year. It will be renamed Westin Portland Harborview when the upgrades are completed next year. The renovation will include the restoration of the hotel's rooftop lounge and modernization of the building's systems, such as wireless Internet service. Crews will also strip part of the property down to its original brick and steel structure. The project will be financed in part by historical-property tax credits backed by U.S. banks. Built in 1927, the Eastland Park Hotel is located at 157 High St.
NEW YORK CITY — Marcus & Millichap has arranged the $2.5 million sale of 1402-14087 Putnam Ave., four apartment buildings in Brooklyn. Each of the buildings contains six units. Erik Lundberg of Marcus & Millichap represented the seller, a private investor. Lundberg and Shaun Riney, also of Marcus & Millichap, represented the buyer, a private investor.
TOMS RIVER, N.J. — Gebroe-Hammer Associates has arranged the $16.1 million sale of Dover Chase Apartments, a 110-unit property in Toms River. Built in 2008, Dover Chase is 95 percent occupied. The building features one-, two- and three-bedroom layouts, and most units also include attached garages. Joseph Brecher and Steve Follman of Gebroe-Hammer Associates represented both the buyer and seller in the transaction.
DEVON, PA. — Kimco Realty Corp. has purchased Devon Village, an 89,000-square-foot shopping center in Devon, in Philadelphia's western suburbs. The seller was WP Realty. The center is anchored by a newly expanded and renovated Whole Foods. WP Realty purchased Devon Village in 2009 and expanded the center by 20,000 square feet.
NEW YORK CITY — Omni New York has acquired a portfolio of nine apartment buildings in the Bronx for $33.2 million. The properties contain 371 units and are located at 737 Southern Blvd.; 663 Fox St.; 665 Fox St.; 712 Fox St.; 751 Fox St.; 766 Fox St.; 772-774 Fox St.; 775 Fox St.; and 784 Fox St. All of the buildings are subsidized under the Section 8 program of HUD and will continue to be preserved as affordable housing. Shimon Shkury, Victor Sozio, Michael Tortorici and Scot Hirschfield of Ariel Property Advisors represented the seller, a Bronx-based multifamily operator. They also secured Omni New York, a development firm.
BROOKLINE, MASS. — E&S Realty Trust has paid $4.4 million to buy 385-389 Harvard St., a 19-unit apartment property in Brookline, a suburban town that borders Boston and Newton. Carl Christie, Dan McGee and Henry Lieber of NAI Hunneman represented the seller, Paul and Betty Burlin Revocable Trust. They also procured the buyer.
PHILADELPHIA — Beech Street Capital has arranged a $25 million Fannie Mae loan to refinance Greenbriar Club Apartments, a 346-unit property in Philadelphia. Greenbriar Club was constructed in 1971 and consists of nine inter-connected buildings. The property also contains 15,987 square feet of retail on the first floor of one of the buildings. The borrower is a multifamily owner and operator in New Jersey and Philadelphia. The fixed-rate loan has a 10-year term.
SACO, MAINE — Mercantile Capital Corp. has arranged a $2.9 million acquisition loan for XL Soccer World Saco. The parent company, XL Soccer World, is comprised of several different indoor soccer facilities owned by Ciaran McArdle and Kris Lamb. The funds will be used to purchase a new facility in Saco, as well as to renovate the property. XL Soccer's facilities are also located in North Carolina and Orlando.
MARLBOROUGH, MASS. — Gremar Realty Trust has purchased 135 Maple St., an 18,611-square-foot retail building in Marlborough, for $1.3 million. Monnick Supply Co. plans to renovate and occupy the building as a local hardware store. Craig Johnston and Garry Holmes of R.W. Holmes Realty represented the seller, Bonazzoli Realty Trust, in the transaction. They also procured the buyer.