NORTHVALE, N.J. — Fillo Foods has signed a long-term lease for an 85,000-square-foot industrial facility, located at 10 Fairway Ct. in Northvale. The Fillo Factory, an organic and natural foods producer, will relocate from Demarest, N.J. Mitch Helfman of MRH Real Estate represented Fillo in the transaction. Kenneth Lundberg and James Hanson represented the landlord, The Hampshire Cos.
Northeast
PLAINVIEW, N.Y. — BWD, a private insurance broker company, is moving from its offices in Jericho, N.Y. to a newly built 70,000-square-foot headquarters at 45 Executive Dr. in Plainview. The property is leased from 45 Exec LLC, an investment group, which constructed the building in partnership with the Nassau County Industrial Development Agency.
BURLINGTON, MASS. —Norblom Co. has released plans for Third Avenue, a dining and entertainment destination, within its Northwest Park mixed-use development in Burlington. Infrastructure work to pave the way for Third Avenue is nearly finished and the project is scheduled to begin construction in the spring of 2012. Demolition will soon begin to accommodate 300,000 square feet of retail space through Third Avenue's first phase of development. The development will be anchored by Wegmans, a supermarket chain.
LOWER MACUNGIE, PA. — Quality Packaging Specialist International (QPSI) has signed a long-term lease for 157,500 square feet of industrial space at Lehigh Valley South, located at 7570 Industrial Park Way in Lower Macungie. Vince Ranalli and Joe McDermott of CBRE represented QPSI, a leader in packaging and supply chain logistics, in the deal. William Wolf and Sean Bleiler of CBRE represented the landlord, Clarion Partners.
CHELMSFORD, MASS. — KS Partners has signed Airvana Inc. to a lease renewal for 63,220 square feet and Krueger Food Labs to an 11,411-square-foot lease at 19-21 Alpha Rd. in Chelmsford. Peter Richardson and Troy Coady of Jones Lang Lasalle represented KS Partners, the landlord, in both transactions. John Wilson of Richards Barry Joyce represented Airvana Inc. Micah Stubblebine of the Stubblebine Co. represented Krueger.
PITTSBURGH — ING Real Estate Finance has closed a $43 million loan for GLL Real Estate Partners, a Munich-based real estate funds management group. The loan was used to refinance a portion of the acquisition costs for 11 Stanwix St., a 24-story office tower in Pittsburgh. ING was the sole lead arranger and administrative agent in the transaction.
TETERBORO, N.J. —Advance Housing, a state-funded community housing development organization, has leased 14,000 square feet for its headquarters at 100 Hollister Rd. in Teterboro. The agency will relocate from Hackensack, N.J. in an expansion move this winter. Curtis Foster of Cushman & Wakefield's East Rutherford, N.J. office represented Advance Housing in the transaction. Michael Marchese of Newmark Knight Frank represented the landlord, KTR Capital Partners.
NEW YORK CITY — Ariel Property Advisors has closed on two Manhattan multifamily properties for approximately $4 million. The properties include 280 Manhattan Ave., a 12,610-square-foot apartment building, which sold for $2.2 million. Victor Sozio, Michael Tortorici and Jesse Deutch represented the buyer and seller, both of which were private investors, in the transaction. The second property, an 8,500-square-foot, mixed-use building, is located at 1804 Third Ave. and sold for $1.85 million. Tortorici and Sozio represented the seller, a family, and the buyer, a private investor.
HARTFORD, CONN. —Washington Trust's Commercial Real Estate Group has provided a $2.7 million loan to West Hartford Associates for the refinancing and renovation of Shield Street Plaza Shopping Center in West Hartford. The two-building, 77,852-square-foot center is located at 132-162 Shield St.
NEW YORK — Marcus & Millichap has brokered the $3.5 million sale of a 9,625-square foot mixed-use building, located at 307 E. 85th St. in New York City. Peter Von Der Ahe, Joe Koicim and David Loyd of Marcus & Millichap's Manhattan office represented the buyer and seller, both limited liability companies, in the transaction.