PHILADELPHIA — Marcus & Millichap Capital Corporation has arranged a $7.04 million in refinancing for a 24,500-square-foot shopping center in Philadelphia. James Conley of Marcus & Millichap’s Philadelphia office arranged the 10-year loan with an amortization schedule of 30 years at a 5.5 percent fixed rate.
NEW YORK CITY — Aragon Construction has finished a 17,000-square-foot office building built from the ground up for MDC Partners at 73 Fifth Ave. MDC will occupy the space on the 19th floor. Aragon completed the project in conjunction with TPG Architecture. Other tenants in the building include Bergdorf Goodman, Paramount Group and Schroder & Kopel.
HARTFORD, CONN. — SRS Acquisition Corp. has leased 31,482-square-feet of industrial space at 90 Murphy Rd. in Hartford. Cushman & Wakefield represented SRS in the transaction, and David Richard of Colliers International represented the landlord, South Meadows No. 6.
NEW YORK CITY — People’s Daily, a Chinese news agency with a circulation of 3 million, has leased office space in the Empire State Building. Clyde Reetz and Yuan Tang of CB Richard Ellis represented People’s Daily in the lease negotiations. Newmark Knight Frank’s William Cohen and Ryan Kass represented the landlord. The news agency occupies the 30th floor of the 2.85-million-square-foot building.
BROOKLYN, N.Y. — GFI Realty Services has closed on the sale of a Brooklyn multifamily building for $5.15 million. The property consists of 39 apartments totaling 34,000 square feet. The building is a four-story walk-up located at 2985 Ocean Pkwy., and this transaction marks the building’s first sale in more than 30 years. Shlomo Antebi represented both the buyer and seller in the transaction.
PHILADELPHIA — Tryko Partners, a private equity real estate group, has acquired Kearsley retirement community in west Philadelphia for $8 million. The property, made up of Kearsley Apartments, Kearsley Square and Kearsley Long Term Care, is recognized as the first retirement community in the United States. The Kearsley campus is located on 13 acres at 2100 North 49th St.
HAVERHILL, MASS. — Swix Sport USA Inc., a distributor of ski equipment and supplies, has leased a 64,000-square-foot industrial building at 60 Newark St. in Haverhill. David, James and Micah Stubblebine, all of The Stubblebine Company/CORFAC, represented Swix and the landlord, Leewood Realty Trust, in the transaction.
BROOKLYN, N.Y. — GFI Realty Services has closed on the sale of a Brooklyn multifamily building for $5.15 million. The property consists of 39 apartments totaling 34,000 square feet. The building is a four-story walk-up located at 2985 Ocean Pkwy., and this transaction marks the building’s first sale in more than 30 years. Shlomo Antebi represented both the buyer and seller in the transaction.
DOWNINGTON, PA. –– Marcus & Millichap Real Estate Investment Services has brokered the $51.75 million sale of a 386,016-square-foot retail power center in Downingtown, Pa. Kevin Boeve, Mark Taylor and Dean Zang, all of Marcus and Millichap, represented the buyer, Morris Ashbridge Associates, and the seller, Pacific Crest Holding, in the transaction. The property is located at 900 East Lancaster Ave., and its tenants include Home Depot, Best Buy, Staples and Jo-Ann Fabrics and Crafts.
MORRISTOWN, N.J. –– Starbucks is set to open a 2,100-square-foot storefront at The Shops on the Green at 40 Park in Morristown. The store will be Starbucks’ first new location in New Jersey location since 2009. The location is a LEED-certified store. Other Shops on the Green tenants include the AT&T store and Qdoba Mexican Grill.