BOSTON — Clarion Partners has purchased two adjoining 13-story office buildings in Boston's Bay Back area for $87.1 million. Clarion made the acquisition on behalf of a separate account client. The 535 and 545 Bolyston St. properties are currently 92 percent leased. Both buildings were upgraded in 2009 and together total 184,222 square feet. The seller was undisclosed.
NEWBURGH, N.Y. — Two industrial leases totaling 165,000 square feet have been signed at the Northeast Business Center in Newburgh. Preferred Fragrances, a women's perfume importer, moved this month from its Mountainville, N.Y. facility to a 105,000-square-foot space at 1900 Corporate Blvd. Existing tenant Kraft Foods has renewed its lease for 5 years and expanded its facility to 60,000 square feet at 700 Corporate Blvd. The landlord is National Realty & Development Corp.
ENFIELD, CONN. — Symetra Life Insurance Co. has signed a 29,000-square-foot office lease at the LAN Executive Center, located at 1699 King St. in Enfield. The company is moving its South Windsor operations to the new space. Colliers International represtned the landlord while Cushman & Wakefield and Flinn Ferguson in Seattle represented Symetra.
YORK, PA. — Kingston Square Associates LLC has purchased the Kingston Square shopping center in York for $7.2 million. Tenants include UPS Store, Edward Jones, Subway and Baja Beach Tanning Club. Brad Rohrbaugh and Chad Stine of Bennett Williams Realty Inc. represented the seller, Kingston Fixed Income LP, in the transaction. They also represented the buyer.
MARLTON, N.J. — Tequesta Properties has acquired two Marlton-based office buildings from Brandywine Realty Trust for $22.8 million. Five Greentree Centre is a 165,956-square-foot office building at 525 W. Lincoln Dr. in the Greentree Corporate Centre. The second property, 30 Lake Center Dr., is a 40,287-square-foot office building located at 30 Lake Center Executive Pkwy. Both buildings were developed in 1986. Joe Sklencar of Grubb & Ellis represented both parties in the transaction.
FARMINGVILLE, N.Y. — Medford-based Ocean 11 Realty purchased the 50,000-square-foot former headquarters of Teachers Federal Credit Union (TFCU) in Farmingville for $4.6 million. The five-story office building is located at 2410 N. Ocean. The building will be renamed as the Heron Professional Center and will undergo an upgrade. Ocean 11 plans to make one floor available for leasing and market the remaining floors through an office-condominium offering. Hauppauge-based Corporate Realty Services represented TFCU in the sale. Paul Elliott of Medford-based Soundview Realty Group represented Ocean 11.
BASKING RIDGE, N.J. — Matheson Tri-Gas, a specialty and industrial gas producer, has expanded its U.S. headquarters and signed an 11-year lease extension in Basking Ridge. The company expanded its lease by 10,000 square feet, for a total of 33,000 square feet, at 150 Allen Rd. Brian Lynch and Peter Rasmusson of Lee & Associates represented the tenant in the transaction. The building's owner, the Silverman Group, was represented in-house by Toby Nelson.
NEW YORK CITY — The Alcazar, a 26-unit apartment property at 15 Wadsworth Ave. in New York City, has sold for $3.8 million. Peter Von Der Ahe, Scott Edelstein and Sean Lefkovits of Marcus & Millichap's Manhattan office represented the seller, a limited liability company. They also secured the buyer, a limited liability company.
PHILADELPHIA — Retailer Five Below has signed a new 34,500-square-foot, 10-year office lease at 1818 Market St. in Philadelphia. The location will serve as the company's new corporate headquarters. Five Below merchandise is geared to the teen and pre-teen markets. The lease includes an option to expand to a total of 60,000 square feet on two floors. With the addition, 1818 Market is 83 percent leased. The landlord is Daymark Realty Advisors.
BETHESDA, MD. — Bethesda-based Walker & Dunlop has secured $163.8 million in Freddie Mac financing for four multifamily properties in Connecticut on behalf of Principal Management Partners. The 349-unit Hoyt Bedford Apartments and 238-unit Morgan Manor Apartments are located in Stamford; Seramonte Apartments, 450 units, are located in Hamden; and Montoya Apartments, 133 units, are located in Branford. The loans each carry a 7-year term with 2 years interest-only and a 30-year amortization schedule.