Sunday, August 24, 2025
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NortheastOffice

WILLIAMSBIRG SAVINGS BANK BUILDING TRADES FOR $4.5 MILLION

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NEW YORK CITY — Massey Knakal Realty Services has completed the sale of the Original Williamsburg Savings Bank Building for $4.5 million. The 28,495-square-foot building is located at 151-175 Broadway in Brooklyn's Williamsburg neighborhood. The architecturally distinct property contains landmark designations for its dome, banking room and vault exterior. Brendan Maddigan, Mark Lively and Paul Massey, Jr., of Massey Knakal arranged the deal. The buyer was Juan Figueroa and the seller was Bullship Management.

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MultifamilyNortheast

EASTERN CONSOLIDATED BROKERS $3.1 MILLION APARTMENT SALE IN MANHATTAN

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NEW YORK CITY — Eastern Consolidated has brokered the $3.1 million sale of an apartment building located in Manhattan's Murray Hill neighborhood. The four-story building is located at 230 E. 32nd St. It contains 16 units, seven of which are rent stabilized. Aliza Avital and Alan Miller of Eastern Consolidated represented the seller, Harry Field Realty, and procured the buyer, Croman Real Estate.

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NortheastRetail

DEERWOOD SECURES $27.78 MILLION FOR TWO PA. SHOPPING CENTERS

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NORTH WALES AND QUAKERTOWN, PA. — Deerwood Real Estate Capital has secured a total of $27.78 million in financing for two grocery-anchored shopping centers located in Pennsylvania. In the first deal, Deerwood's Abe Katz and Mark Silbersher arranged an $18.35 million loan for Montgomery Commons. The 199,938-square-foot shopping center is located in North Wales. Its anchor is Redner's Warehouse Market. The loan carries a 10-year term and an 80 percent loan-to-value ratio. In the second deal, Deerwood's Meyer Perlman secured a $9.43 million acquisition loan for Richland Plaza in Quakerstown. The 206,000-square-foot center is also anchored by Redner's. The loan carries a 10-year term with an interest rate reset after 5 years. The borrowers and lenders in both transactions were not released.

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MultifamilyNortheast

CIGNATURE COMPLETES $6.05 MILLION MULTIFAMILY SALE

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NEW YORK CITY — Cignature Realty Associates has completed the sale of a multifamily building located in Manhattan's SoHo neighborhood for $6.05 million. The six-story building contains 30 apartments and three ground-level retail spaces. It is located at 156-158 Sullivan St. Average monthly rent is $1,206. Cignature represented the buyer, Benchmark Real Estate Group, as well as the undisclosed seller.

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NortheastOffice

NEW HAVEN GROUP ARRANGES $3.4 MILLION OFFICE SALE IN CONN.

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EAST HAVEN, CONN. — New Haven Group has arranged the sale of a Class A office building in East Haven for $3.4 million. The two-story building is located at 100 South Shore Drive. Its 44,000 square feet was 85 percent occupied at the time of the sale by several financial and professional services firms. Steven Inglese of New Haven Group represented the seller, Marcy Realty. Tom Dineen represented the buyer, 100 South Shore Drive LLC.

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NortheastOffice

BAUER HOCKEY RELOCATES HEADQUARTERS IN N.H.

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EXETER, N.H. — Bauer Hockey has signed a lease relocating its global headquarters. The hockey equipment manufacturer will relocate from Greenland, N.H., to a 56,835-square-foot space in Exeter — doubling its office size. The new building, which totals more than 262,000 square feet, is located at 100 Doman Dr. and is owned by an affiliate of First Altex Realty Trust. Tenant improvements are currently under way. Margaret O'Brien of the Portsmouth, N.H., office of CB Richard Ellis represented Bauer. John Wilson and James Lipscomb of Richards Barry Joyce & Partners partnered with Mike Monks of Monks & Co. to represent the landlord.

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Northeast

CENTERLINE CAPITAL HIRES TWO NEW EXECS

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NEW YORK CITY — New York City-based Centerline Capital Group has hired two new executives for its Mortgage Banking Group. Ernest Rosato, Jr., will serve as director at the company's New York City office and Kevin Smith will serve as director at the Tyson's Corner, Va., office. Centerline currently is expanding its national mortgage lending capacity. It has opened new offices in Los Angeles and Atlanta this year.

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NortheastOffice

EASTERN CONSOLIDATED BROKERS $31.5M OFFICE SALE IN ROCKEFELLER CENTER

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NEW YORK CITY — Eastern Consolidated has brokered the sale of a nine-story office building located in Manhattan's Rockefeller Center for $31.5 million. The 43,774-square-foot property is located at 7-9 W. 51st St. Its vacancies include the 14,400-square-foot, ground-floor retail component as well as the 3,207-square-foot penthouse. The Eastern Consolidated team of Eric Anton, Ronald Solarz, David Schechtman, Roberto Ortiz and Marcia Yawitz represented the undisclosed seller and procured the foreign buyer.

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NortheastRetail

LINEAR RETAIL ACQUIRES MASSACHUSETTS SHOPPING CENTER

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CHELMSFORD, MASS. — Linear Retail Properties has acquired Chelmsford Plaza, a 24,462-square-foot shopping center located in Chelmsford, for $6.77 million. The center is situated at the intersection of Drum Hill Road and North Road, across the street from a Walmart. The center's tenants include Starbucks, Sherwim-Williams, AT&T Wireless, UPS Store, Little Caesar's Pizza, Supercuts and H&R Block. The center has one 2,400-square-foot vacancy. The seller was the property's original developer.

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