MANHATTAN — Jones Lang LaSalle has completed the $13.5 million sale of Peck Slip Station in Manhattan. The property consists of a 17,789-square-foot parcel of land with a 70,800-square-foot building. Paul Mas and Darin Early of Jones Lang LaSalle represented the seller, the U.S. Postal Service. Howard Kesseler and Jennifer Schwartzman of Newark Knight Frank represented the buyer, the New York City School Construction Authority. The property is slated to become the site of a new primary public school.
BOSTON — Boston Realty Advisors has completed the $4.7 million sale of Longwood Portfolio, an 11-unit portfolio in Boston's Mission Hill neighborhood. Christopher Sower and Jason Weissman of Boston Realty Advisors, along with Better Place Realty, represented the seller, Palatine Mission Hill. The portfolio consists of three buildings: 163 Calumet St., 170 Hillside St. and 2 Wigglesworth St. The buyer, Fosher Management, was self-represented.
MANHATTAN — Beth Israel Medical Center has signed a 112,941-square-foot, 15-year lease renewal for office space at 555 W. 57th St. in Manhattan. The health care provider will remain in the 20-story, 975,983-square-foot building, which is 99 percent occupied. Josh Kurlioff of Cushman & Wakefield represented Beth Israel. The landlord is SL Green Realty Corp.
NEW ROCHELLE, N.Y. —Purchase, N.Y.-based WestMed Medical Group, a multi-specialty group medical practice, has leased 28,000 square feet of medical office space at 171 Huguenot Ave. in New Rochelle, N.Y. Frank Tomasulo of CBRE represented the tenant, WestMed, and CBRE's William Cuddy, Jr. and Budd Wiesenberg represented the owner, Silwis LLC in the transaction. WestMed plans to occupy the facility in 2012.
LEXINGTON, MASS. — NAI Hunneman has brokered the sale of Captain Parker Arms, a 94-unit, 11-building apartment complex in Lexington, Mass. for $20.8 million. David Ross and Gina Barroso of NAI Hunneman's Boston office represented the seller, Captain Parker Arms Apartments and procured the buyer, Avalon Bay VAF Acquisition II.
SECAUCUS, N.J. — Holliday Fenoglio Fowler LP has arranged $6 million in financing for 501 and 601 Penhorn Ave., two industrial buildings totaling 100,000 square feet in Secaucus, N.J. Holliday Fenoglio Fowler worked on behalf of Bhasin Properties to secure the long-term, fixed-rate loan through Principal Real Estate Investors. Both properties are fully leased.
BRONX, N.Y. — Houlihan-Parnes Realtors LLC, a real estate investment company, has closed a $5 million loan on a 12,250-square-foot retail property, located at 4174 White Plains Rd. in Bronx, N.Y. Tenants include T-Mobile, McDonald's and H&R Block. Jim Coleman and Jerry Houlihan represented Houlihan-Parnes in the transaction. The loan term is 10 years.
NORWOOD, MASS. —Waltham, Mass.- based Hobbs Brook Management LLC recently broke ground on a 160,000-square-foot Class A office building in Norwood, Mass. The four-story building, located at 1175 Boston/Providence Hwy., will be shared by FM Global, an insurance company, and Dedham Medical Associates. The building was designed by Margulies Perruzzi Architects and includes a shared cafe and separate lobby entrances. Hobbs Brook Management is the owner and operator of the property. The project is slated for completion in 2013.
TOMS RIVER, N.J. —Strategic Storage Trust, a self-storage REIT, purchased a 630-unit self-storage property in Toms River, N.J. for $5.7 million. Located at 3200 Route 37 E., the facility consists of two three-story buildings. John Barry of Investment Real Estate LLC represented Strategic Storage Trust in the transaction.
NEW YORK — SL Green Realty Corp. and its joint venture partner Jeff Sutton have sold two retail condominium units at 141 Fifth Ave. in New York for $46 million. The condominiums encompass about 9,860 square feet, and are situated two blocks south of Madison Square Park. Eastdil Secured represented the seller and Eastern Consolidated represented the buyer in the transaction.