ENFIELD, CONN. — Diversified Information Technologies has acquired 180 Moody Rd. in Enfield for $2.2 million. The property consists of 166,000 square feet of industrial/warehouse space situated on 15 acres. Keith Kumnick and Stephanie Pious of Colliers International represented the seller, Mead Westvaco, in the transaction. Sean Duffy, Damon Bowers and Tim D'Addabbo of Cushman & Wakefield represented the buyer.
ATLANTIC CITY, N.J. — Brick-based Tryko Partners has acquired the Barclay Arms, a 75-unit affordable housing development at 814 N. Virginaia Ave., for a reported $5 million. Tryko purchased the apartment property from Max Gurwicz Enterprises in an off-market sale. The property is more than 90 percent occupied. Tryko intends to upgrade the property.
LEXINGTON, MASS. — Quanterix, a company focused on the generation of molecular diagnostic tests, has executed a new 19,802-square-foot lease in a recently renovated life science lab building at 113 Hartwell Ave. in Lexington. The company is expanding by 10,000 square feet from its current location at One Kendell Square in Cambridge. Occupancy is scheduled for this April. Tucker Hansen, Joe Flaherty and Ben Coffin of Colliers International represented Quanterix in the transaction. Tom Rango, Stephen Lynch and Leah Harsfield of King Street Properties represented the landlord.
NEW YORK CITY — Brooklyn Eagle, New York City's only daily newspaper devoted exclusively to the borough of Brooklyn, has signed two five-year leases totaling 10,000 square feet at 883 Third Ave. The paper, founded in 1841, is relocating and consolidating space from a number of offices including 30 Henry St. The landlord, Industry City Associates, will build out the unit to meet the paper's specifications. Brooklyn Eagle will use part of the space to place its archive online and another portion to house its editorial and sales departments.
NEW YORK CITY — Chesapeake Lodging Trust has agreed to acquire the 185-room Hyatt Place New York Midtown South in New York City, for $76.5 million. The hotel is currently under development at 52-54 W. 36th St. Chesapeake plans to close on its purchase following the completion of the hotel, which is slated for the third quarter. Additionally, the trust agreed to provide the seller $6.5 million in bridge financing for the development of the hotel.
BOSTON — Clarion Partners has purchased two adjoining 13-story office buildings in Boston's Bay Back area for $87.1 million. Clarion made the acquisition on behalf of a separate account client. The 535 and 545 Bolyston St. properties are currently 92 percent leased. Both buildings were upgraded in 2009 and together total 184,222 square feet. The seller was undisclosed.
NEWBURGH, N.Y. — Two industrial leases totaling 165,000 square feet have been signed at the Northeast Business Center in Newburgh. Preferred Fragrances, a women's perfume importer, moved this month from its Mountainville, N.Y. facility to a 105,000-square-foot space at 1900 Corporate Blvd. Existing tenant Kraft Foods has renewed its lease for 5 years and expanded its facility to 60,000 square feet at 700 Corporate Blvd. The landlord is National Realty & Development Corp.
ENFIELD, CONN. — Symetra Life Insurance Co. has signed a 29,000-square-foot office lease at the LAN Executive Center, located at 1699 King St. in Enfield. The company is moving its South Windsor operations to the new space. Colliers International represtned the landlord while Cushman & Wakefield and Flinn Ferguson in Seattle represented Symetra.
YORK, PA. — Kingston Square Associates LLC has purchased the Kingston Square shopping center in York for $7.2 million. Tenants include UPS Store, Edward Jones, Subway and Baja Beach Tanning Club. Brad Rohrbaugh and Chad Stine of Bennett Williams Realty Inc. represented the seller, Kingston Fixed Income LP, in the transaction. They also represented the buyer.
MARLTON, N.J. — Tequesta Properties has acquired two Marlton-based office buildings from Brandywine Realty Trust for $22.8 million. Five Greentree Centre is a 165,956-square-foot office building at 525 W. Lincoln Dr. in the Greentree Corporate Centre. The second property, 30 Lake Center Dr., is a 40,287-square-foot office building located at 30 Lake Center Executive Pkwy. Both buildings were developed in 1986. Joe Sklencar of Grubb & Ellis represented both parties in the transaction.
