MONROE TOWNSHIP, N.J. — W.W. Grainger has signed a 101,944-square-foot lease expansion at 16 Applegate Dr. in Monroe Township. The industrial supply company now occupies a total of 187,185 square feet in the building, which is located within the Northeast Business Park. Stephen Salomon of CBRE's San Francisco office represented the tenant in the transaction. The landlord, Matrix Development Group, was represented in-house by James Murray.
Northeast
NEW YORK CITY — The SoHo Apple store, located at 103 Prince St. and owned by Imperium Capital and Centurion Realty, is nearing completion of a $20 million renovation. The 30,000-square-foot building was originally renovated in 2011 to utilize only about half of the maximum floor space available. Once the renovation is complete, the retail space will increase by about 5,000 square feet. The SoHo Apple store will reopen this July and is temporarily located at 72 Greene St.
BOSTON — Boston-based EagleBridge Capital has arranged $4.5 million in permanent financing for a portfolio of three commercial properties in the Brighton section of Boston. The portfolio includes Brighton Heights, a 20,000-square-foot office at 167 Corey Rd.; 3 Washington St., which is leased to Brighton Auto Clinic; and 5 Washington St., which is leased to U.S. 1 Petroleum. Tenants at the Brighton office building include Medical Digital Photography and BioMedical Modeling. Brighton Auto Clinic is an auto repair shop and U.S. 1 Petroleum is a full-service gas station. Ted Sidel and Brian Sheehan of EagleBridge arranged the loan through a regional financial institution.
BAYONNE, N.J. — Inland Real Estate Acquisitions has purchased Bayonne Crossing, a 356,647-square-foot shopping center in Bayonne for $75.2 million. Located just off the Hudson River, the acquisition includes a 91,109-square-foot Walmart and a 146,583-square-foot Lowe's Home Improvement. The newly built center was completed in 2012. Additional tenants include Michaels and Dollar Zone. Joe Cosenza of The Inland Real Estate Group Inc. represented the buyer in the deal. HFF represented the seller.
PHILADELPHIA — The Franklin Institute has broken ground on a new, $64 million building addition. The project will expand the Philadelphia-based science museum by 53,000 square feet. Skanska USA will construct the addition, which will be called the Nicholas and Athena Karabots Pavilion. The space will include education classrooms and meeting space. The project is scheduled for completion by 2014.
LIVINGSTON, N.J. — Jamesburg Realty Partners has purchased four apartment properties in Jamesburg for $2.6 million. The properties include 6-8 Vine St., 16 Lake St., 8 Cherry St. and 123 Stevens Ave. Each of the two-story complexes contain one-bedroom units and on-site parking. Joseph Brecher of Livingston-based Gebroe-Hammer Associates represented the seller, Jamesburg Apartments LLC.
JERSEY CITY, N.J. — Tower Insurance Co. of New York has signed a 10-year lease for 76,892 square feet at Harborside Financial Center in Jersey City. The insurance company will occupy space within Harborside Plaza 2, a 761,2000-square-foot building. Harborside Financial Center is comprised of five office buildings. Mark Ravesloot, Scott Sloves and David Opper of CBRE represented the tenant in the transaction. Mack-Cali Realty Corp. is the landlord.
WILMINGTON, DEL. — Geico and Wells Fargo have signed lease renewals at 919 North Market St., an 18-story office building in Wilmington. Wells Fargo signed a lease extension for 6,251 square feet. Geico, a large insurer and tenant of the building since 1999, extended its lease for 3,497 square feet. Newmark Knight Frank Smith Mack represented the landlord, Keystone Property Group, in the transaction.
SOUTH NORWALK, CONN. —South Norwalk-based Greenfield Partners, in partnership with Somerset Properties Inc., has acquired 34 office, flex and industrial buildings for $146 million. The properties total 1.9 million square feet and are located in Southern New Jersey; Milwaukee, Wis.; and Highpoint, N.C. Liberty Property Trust was the seller. The properties were approximately 86 percent leased at the time of sale.
PETERSBOROUGH, N.H. — Petersborough-based Eastern Mountain Sports, one of the nation's largest outdoor retailers, plans to open three new stores in the Northeast. An existing location at the Plaza at Buckland Hills in Manchester, Conn. is moving approximately 12 storefronts down the plaza to an 18,831-square-foot space next to PetSmart. The store is expected to open April 27. The retailer will also open a 20,442-square-foot store at 301 Maine Mall Rd. in South Portland, Maine on May 11. Construction is currently underway for a new 13,013-square-foot Eastern Mountain Sports Store in the North Village Shopping Center in New Brunswick, N.J. The store is scheduled to open June 15.