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.
BURLINGTON, MASS. — The Northbridge Co. held a groundbreaking for its 110-unit assisted living and memory care community, located at 50 Network Dr. in Burlington, Mass. Situated on nearly nine acres of undeveloped land, the project will include one-and two-bedroom apartments, a cafe and theater. The development team includes Chelsea, Mass.-based The Architectural Team, Bridgewater, Mass.-based Callahan Construction and Needham, Mass.-based Waypoint Construction Consultants. The community is scheduled to open in the fall of 2012.
HINGHAM, MASS. — Construction is complete for 2 Pond Park, a ground-up project, in Hingham, Mass. The 78,300-square-foot medical building will house the South Shore Hospital Center for Orthopedics, Spine and Sports Medicine. The facility includes exam rooms, recovery areas and laboratory services. Jeff DeMarco of Campanelli Construction led the construction management along with project executives Russell Dion and David Vroman.
WEST CHESTER, PENN. — CBRE Inc. has brokered the sale of a 10,000-square-foot light industrial/flex/office space at Park Valley Corporate Center in West Chester, Penn. Steve Italiano of CBRE represented the seller, West Chester, Penn.-based Park Valley Associates, a private real estate developer. The buyer, Illuminations Inc., was represented by Frank Englund of West Chester-based First Liberty Partners. Illuminations is moving to West Chester from its prior headquarters in Edgemont, Penn.
NEWARK, N.J. — Brooklyn, N.Y.-based Damascus Bakeries, a commercial baking company, broke ground on its 117,000-square-foot industrial building, located at 60 McClellan St. in Newark, N.J. Damascus reportedly purchased the building for $3.5 million and will invest close to $1.2 million in site upgrades for its new bakery facility. Construction is expected to be complete by early 2012. Mike McCormack of Hollister Construction Services is the project manager.
NEW YORK — The New York-based Fitzpatrick Hotel Group recently completed a reported $3.5 million renovation to the 155-room Fizpatrick Grand Central hotel, located at 141 E. 44th St. in New York. The renovations include a newly furnished lobby and redesigned guest rooms. The hotel group has spent three years and $12 million renovating both of its New York properties.