DOVER, DEL. — NorthMarq Capital has arranged $18.9 million in first mortgage financing for Eagle Meadows, a 294-unit multifamily complex, located at 4666 Carolina St. in Dover, Del. Financing was based on a 10-year term with a 30-year amortization schedule. Sam Berns of NorthMarq arranged the financing through the company's affiliate, Amerisphere Multifamily Finance LLC, a Fannie Mae DUS lender.
HARLEYSVILLE, PA. — King of Prussia, Pa.-based Jack Horner Communications Inc., a public relations firm, has purchased the former Harleysville National Bank Building in Harleysville, Pa. The two-story, 11,381-square-foot building is located at 474 Main St. The Harleysville National Bank property was previously owned by First Niagara, which also financed the transaction. Jack Horner Communications plans to renovate and move into the space in January from its current headquarters. Terry Derstine of Harleysville-based Prudential Rittenhouse Realty Group represented both parties in the transaction.
PHILADELPHIA — Malvern, Pa.-based Liberty Property Trust, in joint partnership with Parkway Corp., has broken ground on Pennsylvania Medicine at Washington Square, a new 12-story medical facility in Philadelphia. The 153,242-square-foot high-rise will be developed atop an existing parking garage on the southwest corner of 8th and Walnut Streets. Pennsylvania Medicine has signed a 20 year lease for the facility. Liberty's investment in the project will be $49.6 million and Pennsylvania Medicine will invest $22 million for the interior fit-out. The building is scheduled to open in the summer of 2013. Pennsylvania Medicine at Washington Square will house outpatient services for Pennsylvania Hospital.
MANHATTAN — New York-based Massey Knakal Realty Services has completed the sale of a 40-unit apartment building, located at 712 W. 176th St. in Northern Manhattan's Washington Heights neighborhood, for $5.3 million. Robert Shapiro of Massey Knakal represented the seller, Oak Point Management, in the transaction. The buyer was undisclosed.
MILTON, MASS. — Boston-based NAI Hunneman has completed the $3 million sale of 180 Blue Hill Ave. in Milton, Mass. David Ross and Gina Barroso represented the seller, Temple Shalom of Milton, and procured the buyer, Concord Baptist Church of Boston. The 22,000-square-foot masonry building is situated on nearly four acres.
WEST CALDWELL, N.J. — New Jersey-based Plumbers Local 24 has purchased a 22,000-square-foot industrial building, located at 20 Fairfield Place in West Caldwell, N.J. Bonni Heller of Cushman & Wakefield's East Rutherford, N.J. office represented the buyer. The seller, 20 Fairfield Place Associates LLC, was represented by Stephen Sander of CB Richard Ellis. Plumbers Local 24 will relocate its administrative and training facilities to the new site.
BOSTON— Boston Realty Advisors has arranged the $3.7 million sale of a nine-unit brownstone building, located at 300 Marlborough St. in Boston. Christopher Sower and Jason Weissman of Boston Realty Advisors represented the seller, Marlborough Street Realty Trust. The buyer was undisclosed.
MANHATTAN — Construction is complete on the new 2,500-square-foot Swatch flagship store, located at 666 5th Ave. in Manhattan. The Swiss watch chain is situated between Hollister and Uniqlo on the ground floor of the 41-story office tower. The store, which is now open, includes chandelier lighting and custom fabric wall applications. New York-based IBEX Construction provided general contracting service for the store, which was designed by Norman DiChiara Architects P.C.
BETHLEHEM, PA. — Allentown, Pa.-based NAI Summit represented Winside Industrial Group in leasing more than 6,500 square feet of warehouse space in Bethlehem, Pa. New York-based Billitier Electric, an electrical contracting company, leased 3,200 square feet at 6323 Winside Dr. Philadelphia-based MPN. Inc. leased 3,470 square feet at 6363-6383 Winside Dr. Michael Adams of NAI Summit represented both parties in each transaction.
SHELTON, CONN. — Washington Trust's Commercial Real Estate Group provided a $1.9 million commercial mortgage to 889 Bridgeport Properties LLC for the acquisition of a 55,582-square-foot office building in Shelton, Conn. Located at 889 Bridgeport Ave., the two-story building is situated on more than eight acres.