PHILADELPHIA — NAI Bluestone Real Estate Capital successfully secured $5.5 million in permanent financing for the 30 remaining units at Old City Lofts, a 90-unit luxury loft-style residential development project. Firstrust Bank provided the financing for the transaction and was secured on behalf of 806 Capital LLC, a real estate investment and development company. The 5-year loan is priced in the mid 5-percent range.
BRONX, N.Y. — Houlihan-Parnes Realtors, LLC, represented by Mike O'Neill, and headquartered in White Plains, N.Y., announced the placement of an 8,600-square-foot Rite Aid Pharmacy, located at 41-51 West Fordham Rd. The 5-year, $3.3 million first mortgage was closed with a local bank.
NEW YORK CITY — Meridian Capital Group has arranged $180 million in financing for 1551 Broadway in New York City, the flagship store for American Eagle Outfitters, which has 25,600 square feet of retail on four floors. The 10-year loan was provided by Citi Global Markets and negotiated by Ronnie Levine and Aaron Birnbaum of Meridian's New York City office.
NEWARK, N.J. — The Manischewitz Co. has opened a new 200,000-square-foot facility, located at 30 Ave. K in Newark's East Ward, for its new corporate headquarters and plant. The facility allowed the company to consolidate its operations to one building.
BROOKLYN, N.Y. — New York-based GFI Realty Services has negotiated the $10 million sale of Atlantic Gardens, eight mixed-use buildings located at 525-541 Atlantic Ave. in Brooklyn. The buildings contain 22 apartments and eight commercial units. Lon Rubackin, formerly of GFI, represented the seller, a private investor, and Rick Helfand and Shawn Sadaghati, also of GFI, represented the buyer.
MARLBOROUGH, MASS. — Behringer Harvard has acquired the 332-unit Stone Gate, located at 65 Silver Leaf Way in Marlborough. The investment was made through a joint venture between Behringer Harvard Multifamily REIT I, Inc., and PGGM Private Real Estate Fund.
BURLINGTON, MASS. — NAI Hunneman has completed a 58,000-square-foot lease at One Van de Graaff Drive in Burlington on behalf of inVentiv Health. Evan Gallagher of Boston-based NAI Hunneman represented the tenant and Dan Campbell of R.M. Bradley's Boston office represented the landlord, Mass Mutual.
WALPOLE, MASS. — Walpole-based John D. Murphy Co. has broken ground on a 117,200-square-foot office and warehouse building at the seven-building, 466,000-square-foot Walpole Park South complex, which is fully leased. Boston-based NAI Hunneman is the leasing agent for the property, which is slated for completion this fall.
BOSTON — Cushman & Wakefield has brokered the $13.85 million sale of the 62,146-square-foot 131 Clarendon, an office and retail building in Boston. Robert Griffin, Jr., and Frank Nelson of Cushman & Wakefield's Capital Markets Group's Boston office represented the seller and procured the buyer, Brookline Bancorp.
YORK COUNTY, PA. — LKQ Corp. has signed a lease for 108,160 square feet at an industrial building, located at 275 Cross Farm Lane in York County, Pa. Jospeh McDermott and Vincent Ranalli of CB Richard Ellis' Industrial Services' Wayne, Pa., office represented the tenant and Henry Steinberg represented the landlord, Exeter Property Group.