YONKERS, N.Y. — Westchester's Ridge Hill, a $685 million mixed-use shopping center in Yonkers N.Y., recently opened new stores and restaurants. The new shops include The Cheesecake Factory, Yard House, L.L. Bean, H&M, Sephora, Orvis, Gap, Desigual and Old Navy. Additional store openings will follow in November and December. Westchester Ridge Hill spans about 81.4 acres and includes more than one million square feet of retail and entertainment space.
EAST BRUNSWICK, N.J. — Newmark Knight Frank represented PNC Bank in a 131,363-square-foot lease extension at Tower Center II in East Brunswick, N.J. David Simpson of Newmark Knight Frank's New Jersey office represented the tenant in the transaction. The owner, a major pension fund, was represented by Joseph Sarno of CB Richard Ellis. The new lease includes the exchange of two floors and remodeling of the current layout.
LYNDHURST, N.J. — Relevant Partners LLC, a New York-based experiential firm, has leased 22,000 square feet at Meadowlands Distribution Center, located at 1275 Valley Brook Ave. in Lyndhurst, N.J. Cushman & Wakefield's Stephen Elman and Robert Adams represented Relevant Partners in negotiating the long-term lease. Jeff Chaus of Chaus Realty was the broker for ProLogis, the property's owner. Relevant Partners will relocate its regional warehouse to the property from New Jersey this fall.
NEW YORK — Marcus & Millichap has arranged the sale of 32-34 Beekman Place, a 17-unit apartment property in New York for approximately $8 million. Peter Von Der Ahe, Joe Koicim and David Lloyd of Marcus & Millichap's Manhattan office represented the seller, a partnership. They also represented the buyer, a private investor. 32 Beekman Place is a five-story building containing nine studios, and 34 Beekman Place is a six-story building consisting of seven studios and a rooftop penthouse.
BOSTON — Invesco Real Estate Advisors has purchased a $128 million retail asset at 350 Washington St. in Boston. Located in Boston's Downtown Crossing shopping district, the building tenants include TJ Maxx, Marshalls, H&M and Town Sports International. Chris Angelone, Bill Moylan, Jim Koury, Nat Heald and Josh Klimkiewicz of CBRE's Boston office represented the seller, Real Estate Capital Partners. They also procured the buyer.
TRUMBULL, CONN. – Cushman & Wakefield has completed the sale of Trefoil Park, a five-building, 230,677-square-foot office park in Trumbull, Conn. The park is 92 percent leased and tenants include Office Depot and Sun Products. Thomas Leary, David Bernhaut and Grace Braverman of Cushman & Wakefield represented the seller, Boston-based New Boston Fund Inc. They also represented the buyer, The Silverman Group.
PARAMUS, N.J. — Construction is complete on a new $5.5 million student center at Bergen Community College, a 15,000 student college in Paramus, N.J. The redesign included re-configuring the interior space, adding a main entrance and additional seating. The total renovated area of the center totals more than 16,000 square feet. Hasbrouck Heights, N.J.-based DMR Architects and Arco Construction Group worked on the project. The new center will help the college accommodate increases in student population, and the building opened Oct. 18.
CANTON, MASS. — Boston-based Eagle Bridge Capital has arranged $2.7 million in permanent mortgage financing for 115 Shawn Rd. in Canton, Mass. Located in Shawmut Industrial Park, the building is a 55,000-square-foot multi-tenant warehouse/distribution building. The property is fully leased to Analog Devices, Delta Beckwith and Akers Industries. The mortgage financing was arranged for JPerll Associates by Ted Sidel and Brian Sheehan and was provided by a regional financial institution.
QUEENS, N.Y. — Marcus & Millichap Real Estate Investment Services has arranged the $1.7 million sale of a six-unit apartment building, located at 3080 37th St. in Queens, N.Y. Matthew Fotis and Lazarus Apostolidis of Marcus & Millichap's Manhattan office, represented the seller, a private investor. They also represented the buyer, who was undisclosed.
VORHEES, N.J. — Marcus & Millichap Real Estate Investment Services has negotiated the $15.9 million sale of a retail condominium in Vorhees, N.J. net-leased to BJ's Wholesale Club. Matthew Gorman, Tom Gorman and Michael Shover of Marcus & Milllichap's Philadelphia office represented the seller, a local developer. The Gormans and Shover also teamed with Marcus & Millichap's Mark Taylor and Dean Zang to represent the buyer, H&R Reit of Canada. The 115,396-square-foot property was developed as a reverse built-to-suit for BJ's Wholesale Club in 2004. BJ's has 13 years of term remaining on the 20-year lease.