PHILADELPHIA — Cozen O'Conner, one of the nation's largest law firms, is moving its Philadelphia offices to One Liberty Place, where the firm will occupy nine floors. Cozen O'Conner signed a 17-year lease for 200,000 square feet on floors 21 through 28, as well as part of the 7th floor of the building. The firm's current headquarters is located at 1900 Market St. Cozen O'Conner expects to move into the new space by 2015. Peter Soens and Michael Kennedy of SSH Real Estate represented Cozen O'Conner in the transaction. Metropolis Investment Holdings is the landlord.
ARCADE AND CHEEKTOWAGA, N.Y. —The Hampshire Cos. has sold two industrial properties in western New York. The sale includes an 85,135-square-foot facility at 91 N. St. in Arcade and a 171,893-square-foot facility at 277 Walden Ave. in Cheektowaga. West Hartford, Conn.-based Freemont Group was the buyer. Both facilities are leased to API Heat Transfer, which designs and makes a variety of heat-transfer technologies serving industrial markets. Andrew Sandquist of CBRE Group represented both parties in the transaction.
ROSLYN, N.Y. — Akash Hotels has purchased The Roslyn Claremont Hotel at 1221 Old Northern Blvd. in Roslyn for $10.5 million. The hotel includes 76 rooms, an upscale restaurant, more than 4,800 square feet of meeting space and a ballroom that can seat up to 200 guests. Askash is planning to invest $2 million to upgrade both rooms and common areas. Michael Vitale of Brown, Harris, Stevens represented the buyer in the transaction. Coldwell Banker Commercial Rosner & Associates represented the seller, the Claremont Group.
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.