WHITE PLAINS, N.Y. — GHP Office Realty, the office building division of Houlihan-Parnes Realtors, has sold a 45,000-square-foot office property at 12 Water St. in downtown White Plains for $3.9 million. Jamie Schwartz of GHP procured the buyers, local investors who plan to renovate the property.
NEW YORK CITY — Stone Street Properties has acquired three multifamily properties in New York City's West Village for a total of $35 million. The three properties at 7 Cornelia St., 11 Cornelia St. and 102 Christopher St. comprise 85 units. The buildings also have retail space that houses tenants like rag & bone, a high-end clothing store. Stone Street Properties' equity partner, Meadow Partners, provided a large portion of equity for the acquisition.
LINDEN, N.J. — Marcus & Millichap Real Estate Investment Services has brokered the $4.8 million sale of a 36,000-square-foot industrial building in Linden. The building is fully occupied and features a new roof, parking lot, facade and interior. Marcus & Millichap's Ben Sgambati and Alan Cafiero represented the seller, a local investor, and secured the buyer, an investor.
GREENWICH, CONN. — A 15,000-square-foot office property at 95 E. Putnam Ave. in Greenwich has been sold for $4.6 million. The building is fully occupied by tenants like Chatsworth Securities, The Federalist, Gabriel Shimon Hair Sallon and Sanguine, Inc. Jamie Schwartz of GHP Office Realty, the office building division of Houliahn-Parnes Realtors, procured the buyers, Greenwich-based investors, and Elizabeth Smith of Goldberg Weprin Goldstein represented the sellers.
WARWICK, R.I. — Dover Garage II has purchased Hoxie Crossing, a 6,400-square-foot shopping center at 17 Airport Rd. in Warwick, for $3.08 million. Hoxie Crossings is located in Hoxie Four Corners and has three tenants: Starbucks, Verizon Wireless and Papa Gino's. Marcus & Millichap Real Estate Investment Services' Robert Horvath and Todd Tremblay procured the buyer, Dover Garage, and represented the seller, Bucci Development.
NEW YORK CITY — Massey Knakal has brokered the $2 million sale of a four-family waterfront townhouse at 69 Columbia St. in Brooklyn's Cobble Hill neighborhood in New York City. The five-story building is 7,875 square feet and features three loft-style rental apartments on the first three floors and an owner's duplex on the fourth and fifth floors. Massey Knakal's Ken Freeman exclusively handled the sale of the property, which is located on the Brooklyn Waterfront.
CARLISLE, PA. — Malvern, Pa.-based Liberty Property Trust has broken ground on a 972,000-square-foot single-story Class A speculative warehouse and distribution center at the Carlisle Distribution Center in Carlisle. Liberty is investing approximately $45 million into the new facility. The warehouse has been designed to achieve LEED Core and Shell certification with features like wall insulation, roof insulation and high output lighting.
CLIFTON, N.J. — The Hampshire Companies, a private real estate investment firm, has sold a 71,666-square-foot industrial facility at 2 Peekay Dr. in Clifton to Mountain Acquisitions. The two-story property sits on 2.9 acres and features six loading docks, four drive-ins, an explosion-proof room and two cool rooms. CB Richard Ellis' Thomas Monahan and Stephen Sander represented The Hampshire Companies in the transaction.
PHILADELPHIA — Liberty Property Trust/Synterra Partners has broken ground on Iroko Pharmacy's new headquarters in the Philadelphia Navy Yard Corporate Center. The 56,412-square-foot Class A office building is four stories tall and is slated to be delivered in late 2012. Philadelphia-based DIGSAU designed the Iroko Building for Liberty/Synterra to achieve LEED Gold Core and Shell certification. Liberty is investing $15.4 million into the Iroko Building's development.
NEW YORK CITY — The Open Society Foundations, founded by billionaire George Soros, has signed a lease with M1 Real Estate for 160,000 square feet of office space inside the Argonaut Building at 224 W. 57th St. in New York City. The Open Society Foundations will occupy its new headquarters in the third quarter of 2012. Colliers International's Brian Given, Michael Cohen, Robert Bakst and Robert Sass represented the landlord, M1 Real Estate, in the transaction, while James Coleman and Steve Kaufman of Hanley Advisors and CB Richard Ellis' Eric Deutsch represented the Foundations. More than $25 million has been spent in renovations to the Argonaut Building, which is LEED Gold certified. The Foundations has joined General Motors and The Hearst Corporation as being one of three tenants to occupy the space since the Argonaut's construction in 1909, according to M1 Real Estate.