Northeast

COMPARE SUPERMARKET WILL ANCHOR CLIFTON PLAZA

by admin July 25, 2011

CLIFTON, N.J. — Compare Supermarket has signed a lease to anchor Clifton Plaza. Compare will occupy 16,000 square feet of retail space in the newly renovated 80,127-square-foot shopping center on Route 46. Barry Greenberg represented Levin Management Corp., Clifton Plaza’s leasing and managing agent, in-house. Additional tenants at Clifton Plaza include Valley National Bank, Big Lots, Dollar Tree and GameStop. The new development is the second New Jersey location for Compare, which has more than 40 locations along the East Coast.

July 25, 2011

NORDSTROM RACK TO OPEN AT WEST FARM SHOPPING CENTER

by admin July 25, 2011

FARMINGTON, CONN. — Seattle-based Nordstrom Inc. is expanding its Nordstrom Rack concept to occupy a new 35,000-square-foot store in the West Farm Shopping Center in Farmington scheduled to open in spring 2012. The site is Nordstrom Rack’s first Connecticut location. Kimco Realty Corp. owns and manages the West Farm Shopping Center, which is a quarter-mile away from a full-line Nordstrom location in Westfarms Mall. Other tenants in West Farm Shopping Center include TJ Maxx, Petco and Sports Authority.

July 25, 2011

Northeast Office

GALAXY SYSTEMS SIGNS LEASE RENEWAL, EXPANSION AT SOMERSET EXECUTIVE SQUARE

by admin July 25, 2011

SOMERSET, N.J. — New-Jersey based Denholtz Associates has brokered the long-term lease renewal and expansion with Galaxy Systems for its 51,000-square-foot location at Somerset Executive Square in Somerset. Michael Morris and Rich Madison of Newmark Knight Frank represented Galaxy in the negotiations. Somerset Executive Square is a three-building office complex located at 2 Executive Dr. that comprises 250,000 square feet.

July 25, 2011

Multifamily Northeast

MULTIFAMILY PROPERTY IN CHESTER PURCHASED FOR $8.5M

by admin July 22, 2011

CHESTER, PA. — Livingston, N.J.-based Gebroe-Hammer Associates has arranged the $8.5 million sale of 386 units of multifamily property in Chester. The property includes: St. James Gardens, a nine-building, 228-unit garden apartment complex at 314 East 224th St. Renshaw Terrace Apartments, a three-building, 78-unit garden apartment complex at 1300 Renshaw Rd. Willow Gardens, a seven-building, 80-unit garden apartment complex at 1101 Dorian Dr. Joseph Brecher and Eli Kessler of Gebroe-Hammer represented the buyer in the transaction.

July 22, 2011

Multifamily Northeast

NORTH BRONX APARTMENT BUILDING SELLS FOR $1.325M

by admin July 22, 2011

NEW YORK CITY — A walk-up apartment building in the Fordham/Little Italy neighborhood in north Bronx sold for $1.325 million. The 14,400-square-foot multifamily property is located at 2503 Hughes Ave. The building features 21 units; all but three have been recently renovated. The sales price was $92 per square foot. Karl Brumback of Massey Knakal had the property listing.

July 22, 2011

Northeast Retail

WEBSTER BANK FINANCES RUMFORD CENTER FOR $15.5M

by admin July 22, 2011

RUMFORD, R.I. — New England-based Webster Bank has provides $15.5 million in financing to PK Rumford LLC for the 200,000-square-foot Rumford Center at 20 Newman Ave. in Rumford. The mixed-use property is a redevelopment of the Rumford Baking Powder Co. former mill complex. PK Rumford is a joint venture between Peregrine Holdings and Kirkbrae Development. The package includes $13 million to refinance existing debt and $2.5 million to finish the center’s remaining 23 apartments. The center is made up of 89 residential apartments and more than 36,000 square feet of office and retail space.

July 22, 2011

Northeast Retail

NATICK SHOPPING CENTER RECEIVES $10M IN FINANCING

by admin July 22, 2011

NATICK, MASS. — Boston-based EagleBridge Capital has arranged long-term, fixed-rate mortgage financing totaling $10 million for the 85,060-square-foot 9/27 Shopping Center in Natick. The center is anchored by a Super Stop & Shop supermarket and tenants includes Five Guys Burgers and Fries, UPS, Aspen Dental and Panera Bread. The center is 100 percent leased. Ted M. Sidel and Brian D. Sheehan of EagleBridge helped arrange the loan.

July 22, 2011

Northeast Office

GETTY IMAGES LEASES 82,844 SF AT ONE HUDSON SQUARE

by admin July 22, 2011

NEW YORK CITY — Getty Images has signed a 15-year lease for 82,844 square feet of office space for One Hudson Square in New York City. Getty Images occupies the entire 77,844-square-foot seventh floor and 5,000 square feet of basement space. One Hudson Square is Trinity Real Estate’s flagship 1.1 million-square-foot property and is now 100 percent occupied. The asking rent for One Hudson Square is $50 per square foot. Brian Waterman, Lance Korman, Daniel Levine and Matthew Feigen of Newmark Knight Frank represented Getty Images and Marc Packman represented Trinity Real Estate in-house along with Robert Constable, Andrew Peretz and Mikael Nahmias of Cushman & Wakefield Inc.

July 22, 2011

Northeast Retail

GROCERY-ANCHORED SHOPPING CENTER SELLS FOR $40.2M ON LONG ISLAND

by admin July 21, 2011

HUNTINGTON, N.Y. — Toronto-based RioCan Holdings has purchased Huntington Square Plaza, a grocery-anchored shopping center in Huntington on Long Island, for $40.2 million. Stop & Shop anchors the 116,221-square-foot center, which is 100 percent leased by tenants including Best Buy. Oak Brook, Ill.-based Inland Private Capital Corp. and Jones Lang LaSalle’s Capital Markets facilitated the sale of the center.

July 21, 2011

Northeast Office

SEAVEST BREAKS GROUND ON $13.6M MEDICAL OFFICE BUILDING

by admin July 21, 2011

WARWICK, R.I. — White Plains, N.Y.-based Seavest Inc. has broken ground on a $13.6 million, two-story medical office building at 455 Toll Gate Road in Warwick. The new 62,454-square-foot facility will house the ambulatory surgery center and physician offices of Kent Hospital, which part of the Care New England Health System. The owner of the facility, Seavest Properties III Healthcare Real Estate Fund, will lease the 0.76-acre site. The building is set for a summer 2012 opening.

July 21, 2011

Newer Posts

Older Posts