PITTSBURGH — Total Hockey, a sports equipment retailer, will open two new locations in the Cranberry and Parkway West submarkets of Pittsburgh. The company signed a 10-year lease for an 8,025-square-foot retail space at Cranberry Square, next to Pier One Imports. Art DiDonato of Oxford Realty Co. represented the landlord in the transaction. The second location will be at the Plaza @ The Pointe in North Fayette, where Total Hockey will occupy 8,910 square feet. The landlord, Costa Land Co., was represented in-house by Sarah Piccione in the 10-year lease deal. Jared Imperatore of Cushman & Wakefield/Grant Street Associates Inc. represented the tenant in both transactions.
Northeast
SOUTH BRUNSWICK, N.J. — TricorBraun Inc. has signed an 83,200-square-foot lease at 11 Interstate Blvd. in South Brunswick. TircorBraun, a bottle, jar and packaging manufacturer, plans to consolidate two separate warehouse operations within the space. Tom Semler, James Scancarella and Douglas Bock of Cresa represented the tenant in the transaction. Jason Goldman of Cushman & Wakefield represented the landlord, Allianz Life Insurance Co. of America.
BRAINTREE, MASS. — A 204-room Hyatt Place hotel will open its doors in Braintree on May 15. The Hyatt Place Boston/Braintree is located 12 miles outside of Boston at the intersection of Routes 95 and 128. The project will also include a 32,000-square-foot building for retail and restaurants, and another 6,000-square-foot retail building. The building is slated to roll out later this summer. The new hotel includes a fitness center and five meeting spaces. Carpenter & Co. developed the property, while Cambridge Seven Associates provided the architectural services. Interstate Hotels & Resorts Worldwide will manage the hotel.
NEW YORK CITY — Adjacent apartment buildings located at 4706-4712 4th Ave. have sold for $4.4 million in the Sunset Park neighborhood of Brooklyn. A local investor purchased the two buildings, which contain 16 units. Adam Hess of TerraCRG represented the buyer in the transaction.
FLORHAM PARK, N.J. — The Rockefeller Group has completed construction of a 325,000-square-foot office building for BASF Corp. at The Green at Florham Park. The building is home to BASF's new North American headquarters. BASF, a diversified chemical company, had been located in an adjacent property in Florham Park since 2004. Construction of the building began in 2010. The facility has been designed to achieve LEED double platinum certification. The Green at Florham Park is a 268-acre, master-planned development.
NEW HAVEN, CONN. — White Plains, N.Y.-based Longford Associates has acquired 466-480 Foxon Blvd., a grocery-anchored shopping center in New Haven, for $7.4 million. The 49,146-square-foot property is located on Route 80, just northeast of downtown New Haven. The center is 90 percent occupied and tenants include Aldi Supermarkets, T-Mobile and AutoZone. Edward Jordan of Northeast Private Client Group represented the seller, New Haven-based Krypac Development, in the transaction. He also represented the buyer.
NEW YORK CITY — Houlihan-Parnes Realtors has arranged a $3.8 million first mortgage loan for 30-32 E. 38th St., a six-story apartment building in Manhattan. The 10-year, non-recourse loan has a fixed interest rate of 3.55 percent for 5 years. The first 2 years of the loan include interest-only payments. Sheldon Stahl and Fred Stahl of Houlihan Parnes arranged the loan on behalf of CLK Properties and an affiliated company.
NEW YORK CITY — Delshah Capital has purchased all of the senior liens on 55-57 Gansevoort St., a 26,000-square-foot mixed-use building in the Meatpacking District, from Capital One. The amount owed on the senior liens is approximately $30 million. DelShah has also restructured the lease with Villa Pacri LLC, a restaurant that occupies three floors of the building. The property is also home to the nightclub Gun Bar. About 10,363 square feet of commercial space is currently vacant.
NEW YORK CITY — Chun Po Trading, a restaurant and plastic supplier, has signed a 46,000-square-foot lease at 54-35 46th St. in the Maspeth section of Queens. The company formerly occupied 77 Commercial St. in Brooklyn, which has been sold to accommodate construction of a new residential development. Linda Wong of Kalmon Dolgin Affiliates represented the tenant in the transaction. Fred Rufrano, also of Kalmon Dolgin Afilliates, represented the owner.
BOSTON — Hersha Hospitality Trust has agreed to acquire the 80-room Bulfinch Hotel in Boston for $18.2 million, or $228,000 per hotel room. Hersha plans to invest $2.5 million in the hotel to upgrade guest rooms and improve the fitness and business amenities. The hotel is located in Boston's West End, within walking distance of Beacon Hill and the North End. The acquisition is expected to close later this month.