PHILADELPHIA — David Fryer of G.S. Wilcox & Co. has arranged $29 million in financing for Whitman Plaza, a 280,000-square-foot retail center in Philadelphia. The center is anchored by Pathmark. Additional tenants include Burlington Coat Factory and Ross Dress For Less. Continental Casualty Co. provided the loan to the borrower, Garden City, N.Y.-based Breslin Realty.
TRUMBULL, CONN. — The 42,000-square-foot office building at 126 Monroe Turnpike in Trumbull has been converted to medical use. The building's owner, Silverman Group, has named Cushman & Wakefield's healthcare practice group as the leasing agent for the building, which is currently 75 percent leased.
GLENDALE, CALIF. —Glendale-based Public Storage has purchased a six-property self-storage portfolio for $42 million. The portfolio consists of 517,000 square feet and 5,500 storage units. The properties are located in Philadelphia; Wayne, N.J.; Randolph, Mass.; Montclair, Calif.; and Pompano Beach and Hialeah, Fla. The portfolio is currently 65 percent occupied. Marc Boorstein and Jeff Jacobson of MJ Partners represented the seller, Babcock and Brown and four lenders, in the transaction.
DANVERS, MASS. — Danvers High School in Danvers is undergoing an $82 million renovation, which is slated for completion this September. The 309,000-square-foot project will include the addition of a science wing, technical education rooms, a cafeteria and main entrance. Rhode Island-based Bacon Construction Co. is the general contractor for the project and DiNisco Design Partnership is providing architectural services. Coreslab Structures Inc. is the exterior cladding contractor for the project.
WOODBRIDGE, N.J. — Law firm Greenbaum Rowe Smith & Davis LLP has renewed its lease for 52,723-square-foot lease at Corporate Metro Center, located at 99 Wood Ave. S. in Woodbridge. The Corporate Metro Center is a Class A office building. Douglas Rowe of Colliers International New Jersey and Jackie Witmondt of Associated Realty represented the law firm in the transaction. Ed Duenes of Cushman & Wakefield represented the landlord, Cornerstone Real Estate Advisors.
WOBURN, MASS. — Linear Retail Properties has acquired West Marine Plaza in Woburn for $5.3 million. The 32,515-square-foot shopping center is located at 299 Mishawum Rd., across from the Woburn Mall. The retail property was developed in 1993 for Toys “R” Us, and is currently fully leased to West Marine and Sleepy's. Peter Considine and Scott Black of The Dartmouth Co. and Aaron Savin of ECHO Retail represented the seller, Office Depot Inc., in the transaction. They also procured the buyer.
PITTSBURGH — Citizens Bank of Pennsylvania has signed a five-year lease renewal to remain the largest tenant at 525 Penn Place in Pittsburgh. The company occupies 147,500 square feet in the building. Robert Geiger of Cushman & Wakefield / Grant Street Associates Inc. represented the landlord, BNY Mellon in the transaction. CBRE Boston represented the tenant. Citizens Bank is a state-chartered bank with dual headquarters in Pittsburgh and Philadelphia.
NEW YORK CITY — SailThru, an email marketing firm, has signed a five-year lease at 10 Hudson Square in New York City. The company is relocating from its current office at 770 Broadway and will occupy 17,775 square feet. Jaime Addeo and Jack Petrie of CresaPartners represented the tenant in the transaction. Trinity Real Estate, the property owner, was represented in-house by Charles Laginestra and Marc Packman.
NEW YORK CITY — A six-unit apartment building between Norman and Nassau avenues in Brooklyn's Greenpoint neighborhood has sold for approximately $975,000. The three-story building consists of 4,950 square feet. The buyer plans to renovate the property. Mark Lively and Brendan Maddigan of Massey Knakal Realty Services represented the undisclosed seller in the transaction.
PARSIPANNY, N.J. — Cole Real Estate Investments has acquired 8 Sylvan Wy. in Parsippany for $53 million. The 176,062-square-foot office building is located in the Mack-Cali Business Campus at 8 Sylvan Wy. The building serves as the global headquarters for The Medicines Co., a pharmaceutical company focused on the treatment of critical care patients. Jeffrey Dunne, Kevin Welsh, Steve Bardsley and Brian Schulz of CBRE's New York office and Sam Buckley of the firm's Saddle Brook, N.J. office represented the seller, The Hampshire Cos., in the transaction. The buyer was represented in-house by Robert Corry.
