NEW YORK CITY — Greystone has provided a $10.1 million Fannie Mae loan for the refinancing of The Count, a 27-unit apartment building located at 168 W. 136th St. in Harlem. The midrise building features a virtual doorman, rooftop terrace and a penthouse-level lounge/coworking space. Avi Kozlowski of Greystone originated the loan, which was structured with a fixed interest rate, 30-year amortization schedule and interest-only payments for the first two years of the five-year term. The borrower was Haussmann Development.
HOBOKEN, N.J. — Unilever (NYSE: UL) has signed a 111,000-square-foot office lease in Hoboken for its new U.S. headquarters. The British conglomerate will occupy three full floors at 111 River Street, which is part of the three-building, 1.5 million-square-foot Waterfront Corporate Center complex. CBRE represented Unilever in the lease negotiations. New York City-based SJP Properties owns Waterfront Corporate Center, which is also home to tenants such as Lipton, Walmart and Newell Brands.
NEW YORK CITY — Cushman & Wakefield has negotiated a 10-year, 26,000-square-foot office lease expansion in Manhattan’s Flatiron District. The tenant, e.l.f. Beauty (NYSE: ELF), will now occupy 39,000 square feet across three full floors at 16 West 22nd Street, where the cosmetics provider has been a tenant since 2020. Jonathan Schindler of Cushman & Wakefield represented the tenant in the lease negotiations. Barbara Yagoda of GFP Real Estate represented the landlord, Meysar Realty Corp.
ROCHELLE PARK, N.J. — JLL has arranged a $44 million loan for the refinancing of The Delford, a 160-unit apartment complex in the Northern New Jersey community of Rochelle Park. The Delford is a newly constructed property that offers one-, two- and three-bedroom units, 24 of which are subject to income restrictions. Amenities include an outdoor pool, grilling and dining areas, coworking lounge and a fitness center. Michael Klein, Jon Mikula and Ryan Carroll of JLL arranged the five-year, fixed-rate loan through Nuveen Real Estate on behalf of the borrower, Tulfra Real Estate.
POUGHKEEPSIE, N.Y. — CBRE has negotiated the $34 million sale of Hudson Heritage, a 120,499-square-foot shopping center in Poughkeepsie, located north of New York City. Grocer ShopRite anchors the center, which was 92 percent leased at the time of sale. Other tenants include CVS, Starbucks, Chipotle, AT&T, Jersey Mike’s, Burger King and PulseMD. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, an entity doing business as EFG/Saber Heritage SC LLC, in the transaction. The trio also procured the buyer, Tampa-based East Coast Acquisitions.
GALLOWAY, N.J. — Cushman & Wakefield has brokered the $13.7 million sale of Smithville Square, a 106,931-square-foot retail property in Galloway, located in Atlantic County. Anchored by Curexa Pharmacy, the property spans 26 acres and was 97 percent leased to 19 tenants at the time of sale. Frank DiTomasso, Andy Schwartz, Jordan Sobel, Max Helfman, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, P3 Properties, in the transaction. The buyer was Western Building Co.
NEW YORK CITY — Greystone has provided an $11.3 million Fannie Mae loan for the refinancing of The Duke, a 28-unit apartment building located at 521 W. 134th St. in Harlem. The midrise building features a virtual doorman and a rooftop terrace. Avi Kozlowski of Greystone originated the loan, which was structured with a fixed interest rate, 30-year amortization schedule and interest-only payments for the first two years of the five-year term. The borrower was Haussmann Development.
WARETOWN, N.J. — First National Realty Partners (FNRP) has acquired Waretown Town Center, an 87,735-square-foot shopping center in coastal New Jersey. The sales price was $14.2 million. A 60,800-square-foot ShopRite grocery store anchors the property. Other tenants at the center, which was 96 percent leased at the time of sale, include Meridian Health, Shore Smiles Dentistry, Saladworks and Great Clips. Colin Behr and Chris Munley, Ryan Sciullo, Casey Benson Smith, R.J. Mirabile and Michael Pascavis of CBRE represented the seller, Chancellor Development, in the transaction.
JERSEY CITY, N.J. — JLL has arranged $152 million in construction financing for 35 Cottage Street, a 588-unit apartment tower that will be located in the Journal Square neighborhood of Jersey City. The development will also house a synagogue, preschool and a dedicated party hall, the latter of which will be a first for this submarket, according to the project team. Thomas Didio Jr. and Michael Mataras of JLL arranged the senior loan portion of the financing package through Centennial Bank and the mezzanine portion through an undisclosed private lender. The borrower is New York-based Namdar Realty Group. Details on floor plans, amenities and a construction timelines were not disclosed.
NEW YORK CITY — Yeshiva University will open a 160,000-square-foot health sciences campus in Midtown Manhattan. The Jewish higher learning institution is entering into a 32-year leasehold condominium agreement to occupy the fifth through ninth floors, as well as partial mezzanine and ground-floor areas, at the 10-story Herald Center building. The building is located at the corner of 34th Street and Broadway and was built in 1902 as the original Saks department store. David Carlos led a Savills team that represented Yeshiva University in its site selection and lease negotiations. Jacob Jerome and Morris Bailey represented the landlord, JEMB Realty Corp., on an internal basis. A tentative opening date was not disclosed.