WAKEFIELD, MASS. — Digital Realty Trust has completed Phase I of a major capital improvements program at 200 Quannapowitt Pkwy. in Wakefield. The 210,000-square-foot office space has been redeveloped into a state-of-the-art data center. The building is part of 100 & 200 Quannapowitt Pkwy., a 387,000-square-foot office and technology center. Tamie Thompson and Greg Zais of Jones Lang LaSalle's Boston office are the leasing agents for the property.
Northeast
WESTCHESTER COUNTY & BRONX, N.Y. — Englewood Cliffs, N.J.-based Deerwood Real Estate Capital has recently secured $25.1 million in two transactions in New York. A 10-year, $20.5 million loan was arranged for a 160,000-square-foot, Class A office complex in Westchester County by Meyer Perlman, Mark Silbersher and Abe Katz of Deerwood. Also, a 10-year, $4.65 million loan was closed for A 33,300-square-foot grocery-anchored shopping center in the Bronx. Deerwood's Igor Goldenberg negotiated the financing.
PRINCETON, N.J. — Phase I has been completed at The Residences at Palmer Square in Princeton, consisting of 11 town homes and 16 condominium residences. Construction is being executed in three phases, with the entire community scheduled for completion in 2012. Lambertville, N.J.-based Minno & Wasko Architects and Planners designed the property and construction is being completed by Princeton-based MOD Construction Services.
YONKERS, N.Y. — The 137-unit 330 Riverdale, a $54.4 million multifamily housing development located in Yonkers, has opened. The property was developed by L+M Development Partners and features on-site laundry, a children’s play room, a gym, and a community room. Bank of America Merrill Lynch provided $49.7 million of debt and equity financing.
LOWER MACUNGIE, PA. — Allen Distribution has acquired a 580,000-square-foot facility in Lower Macungie’s Lehigh Valley Crossing, located at 3041 Schoneck Rd., from Sacramento, Calif.-based Panettoni Development Co. Kim Meincke and John Van Buskirk of Jones Lang LaSalle represented the buyer, and Bill Wolf and Sean Bleiler of the Allentown, Pa. CBRE office represented the seller.
MASHPEE, MASS. — Boston-based Fantini & Gorga has arranged $25.25 million financing for the 156,000-square-foot, multi-phased South Cape Village, located in Mashpee. The property was developed by C. Talanian Realty and features a Marshalls, Walgreens and Roche Bros. supermarket. The financing, provided by a New England-based financial institution, represents a refinance of the borrower’s construction debt, plus closing costs and allowed the borrower to fund future construction needs and recapture equity.
BROOKLYN, N.Y. — CPEX Real Estate Services Development and Conversion has arranged the $6.5 million sale of a 12,340-square-foot R8-A Residential zoned lot located at 385-393 4th Ave. in Brooklyn. The current plan for construction is 52 residential units totaling 60,580 square feet of residential space and 3,330-square-feet of community use space. Brian Leary, Sean Kelly and Cengiz Sendogdular secured the financing, which was provided by 6th Street Development. The purchaser of this property is a New York-based developer that focuses on building residential rental buildings.
BRIDGEPORT, CONN. — White Plains, N.Y.-based Houlihan-Parnes Realtors has arranged $1.26 million in first mortgage financing for the acquisition of two apartment buildings totaling 48 units and two commercial units in Bridgeport. The properties were sold as a short sale for $1.68 million. The 10-year loan was provided by a Connecticut-based savings bank with a 25-year amortization schedule.
AVON, MASS. — Cushman & Wakefield Sonnenblick Goldman has arranged a $7.85 million fixed-rate mortgage on behalf of a joint venture between Condyne and The Davis Cos. for the acquisition of a 248,000-square-foot industrial warehouse and distribution facility located at 80 Stockwell Dr. in Avon. Richard Swartz and Jay Wagner of the firm’s Boston office secured financing for the property through Brookline Bank.
GLEN FALLS, N.Y. — Scott DeVinney of NorthMarq Capital’s Rochester, N.Y., office has arranged $4 million in first-mortgage financing for a mixed-use property located on Warren Street in Glen Falls. The financing was secured through M & T Bank and was based on a 7-year term with a 25-year amortization schedule. The property contains 27 apartment units and 20,000 square feet of office space.