NEW YORK CITY — GFI Realty Services has brokered the $1 million sale of the 10,757-square-foot 162 Linden Blvd., a 4-story walk up apartment building in Brooklyn. The property features six residential units and three stores. Shlomo Antebi and Yaniv Simantov of GFI brokered the transaction.
NEW YORK CITY — Lehman Brothers Holdings has sold the 305,000-square-foot 1107 Broadway, a 16-story former office building in Manhattan, to the Witkoff Group for $191 million. The sale is the result of an auction Eastdil Secured coordinated that was previously approved by the bankruptcy court. The building, along with 200 Fifth Avenue, once housed the International Toy Center.
EAST HAVEN, CONN. — Marcus & Millichap has brokered the $9.6 million sale of the 214-unit Trolley Park Apartments, located at 500-512 Main St. in East Haven. Steve Witten and Victor Nolletti of Marcus & Millichap's New Haven, Conn., office represented both the buyer, 512-520 Main Street LLC, and the seller, Trolley Park, LLC, in the transaction.
PHILADELPHIA — Teva Pharmaceutical Industries has purchased 140 acres at the Omni Logistics Center, located at 1 Red Lion Road in Philadelphia, and plans to construct a 1.2 million-square-foot distribution center. John Binswanger, Clive Mendelow and Paul French of Philadelphia-based Binswanger represented Teva in the land acquisition.
NEW YORK CITY — DelShah Capital has purchased Sunrise Terrace Condominiums, a mixed-use property located at 31-32 Union St. in Queens. The property features 32 upscale residential units, seven retail spaces and on-site parking. The property is being repositioned with help from Distinct New York and Prudential Douglas Elliman. No brokers were involved in the transaction. DelShah bought the mortgage from China Trust Bank for $5.4 million and won the foreclosure auction at $3.7 million.
SHELTON, CONN. – Woodbridge, Conn.-based Inno-Haven has purchased an 18,000-square-foot property at 1 Controls Dr. in Shelton, which the company plans to renovate. NanoViricides, Inc. will lease the renovated laboratory and manufacturing space from Inno-Haven. Bruce Wettenstein of Vidal/Wettenstein negotiated the property's sale.
MOUNT OLIVE, N.J. – Ypsilanti, Mich.-based Bosal USA has leased 103,000 square feet of industrial space in the 217,548-square-foot International Trade Center, located at 200 International Dr. in Mount Olive. The International Trade Center's landlord is Mount Olive Industrial Realty Co. Stan Danzig, Jules Nissim, Steve Elman, Robert Adams and Cathy Bounczek of Cushman & Wakefield's East Rutherford, N.J. office represented the tenant. Bosal will move into their new space in October.
BURLINGTON, MASS. – Dyax Corp. has signed a 45,000-square-foot, 10-year lease in the 933,000-square-foot Network Drive at Northwest Park, located at 55 Network Dr. in Burlington. Dyax is moving its corporate headquarters to the space from Cambridge, Mass. Peter Bekarian and Bryan Sparkes of Jones Lang LaSalle represented the tenant, while Tamie Thompson and Tyler Spring of Jones Lang LaSalle represented the landlord, Nordblom Co.
PHILADELPHIA — The Wistar Institute has broken ground on a $100 million project for a 89,700-square-foot research tower, located at 36th and Spruce streets in the University City section of Philadelphia. The building will comprise seven stories where five of the floors will house laboratories. Plans for the tower include a 200-seat auditorium. The project is slated for a spring 2014 completion. Funding includes an $18 million Redevelopment Assistance Capital Program grant from the Commonwealth of Pennsylvania, along with $70 million in debt financing through Citizens Bank.
HAMILTON, N.J. — Morristown, N.J.-based G.S. Wilcox & Co. has arranged $17.5 million in financing for the 175,000-square-foot Hamilton Square Plaza, a ShopRite-anchored shopping center located in Hamilton. David Fryer of G.S. Wilcox arranged the financing with a 25-year term on behalf of the owner and the management, Levin Management, through Northwestern Mutual Insurance Co. The property sits on 18 acres and has undergone renovations, including a redesigned 80,000-square-foot ShopRite.
