COLLEGEVILLE, PA. — IMS Health Inc. has signed a lease for approximately 150,000 square feet of space in Collegeville. The tenant will occupy Highview I and Highview II, two office buildings within Providence Corporate Center. The buildings were formerly occupied by Pfizer, which exercised its option to vacate Highview II this year. It then negotiated an end to its lease of Highview I to accommodate IMS Health's lease. Ron Cariola of Jones Lang LaSalle represented IMS Health in lease negotiations. Whitney Hunter and Michael Morrone, also of Jones Lang LaSalle, represented the landlord.
NEW YORK CITY — Massey Knakal Realty Services has completed the sale of a 27,510-square-foot Brooklyn warehouse for $3 million. The two-story building is located at 158 Pioneer St. in the borough's Red Hook neighborhood. It features multiple loading bays, curb cuts and ceiling heights that go up to 40 feet. The building's second floor is office space. Massey Knakal 's Ken Freeman, John Ciraulo and Megan Flanagan arranged the deal between two undisclosed parties.
NEW YORK CITY — Beech Street Capital has secured $28.4 million in Fannie Mae DUS funds for the refinancing of two high-rise residential buildings located on Manhattan's Upper West Side. The two properties contain a total of 186 residences and three commercial units. The loans carry a fixed interest rate and a 7-year term with 6.5 years of yield maintenance on an actual/360 basis. Mindy Bergman of Meridian Capital Group originated the loan as part of its correspondent relationship with Beech Street.
NEW YORK CITY — The first move-ins have begun at 500 Fourth Avenue, a residential condominium tower located in Brooklyn's Park Slope neighborhood. The building contains 156 units in a mix of studio through three-bedroom residences. Units range in size from 539 to 1,456 square feet, prices range from $342,000 to $1.22 million. Amenities include a resident lounge, a landscaped terrace, a fitness center, a solarium, a children's playroom, doorman and concierge service, and an on-site parking garage. Matri Holdings owns the project, and the Kafati-Batarse Group of Prudential Douglas Elliman is its sales and marketing agent.
NEW YORK CITY — Healthfirst has signed a lease for 172,577 square feet at 100 Church Street, a 21-story, 1.05 million-square-foot office tower located in downtown Manhattan. The lease carries a 20-year term and covers four floors of the building. Healthfirst will use the space as its headquarters. The Jones Lang LaSalle team of Derek Trulson, Bill Peters and Daoud Awad represented the tenant in lease negotiations. The Newmark Knight Frank team of Brian Waterman, James Kuhn, John Fanuzzi, Hal Stein and Lance Korman represented the landlord, SL Green, which acquired the building out of foreclosure in January.
NEW YORK CITY — The United Nations Population Fund, an agency of the United Nations, has signed a new 15-year lease for 130,740 square feet at 605 Third Ave. in Manhattan. The tenant will occupy all of floors four through six starting in October. Pfizer had been subletting the space but gave it back to the landlord, Fisher Brothers, with 7.5 acres remaining on the lease. The UN took the remaining lease term and extended it by an additional 7.5 years. Andrew Roos led the Colliers International team that represented the tenant. Jack Whalen provided in-house representation for Fisher Brothers.
HAVERHILL, MASS. — Marcus & Millichap has brokered the sale of a CVS/pharmacy in Haverhill for $6.47 million. The property totals 11,970 square feet and is located at 150 Lafayette St. CVS has 23 years remaining on its lease with six 5-year extension options. The property traded at a 7.7 percent cap rate. Robert Horvath, Todd Tremblay and Al Taf of Marcus & Millichap represented the seller, Hecht Development. Horvath and Tremblay also procured the buyer, Quadrant Haverhill Real Estate.
NEW YORK CITY — Malkin Strategic Capital has secured an $11.5 million mezzanine loan to recapitalize 400 Madison Avenue in Manhattan. The loan, which carries a 5-year term, supplements a new $55 million senior loan provided by MetLife, and the two loans are coterminus. The package replaces the prior securitized financing at a blended annual rate of less than 6.5 percent. Built in 1929, 400 Madison Avenue totals 22 stories and 188,000 square feet. Its occupancy was approximately 90 percent at the time of closing. The property's owner is the Macklowe family.
CAMBRIDGE, MASS. — Microsoft has signed a lease for 113,000 square feet of office space at One Cambridge Center in Cambridge. It will occupy six floors of the 12-story building, which is located at the intersection of Main Street and Broadwaty in Kendall Square. The new lease will consist of the expansion of Microsoft's New England Research & Development Center, which opened in 2007. John Osten, Peter Bekarian and Molly Heath of Jones Lang LaSalle represented Microsoft in lease negotiations. David Provost and Philip Dorman provided in-house representation for the landlord, Boston Properties. Cambridge Center is a 24-acre office and research park that contains 2.7 million square feet of space.
EAST ORANGE, N.J. — Gebroe-Hammer Associates has completed a $15 million multifamily deal in East Orange. The first part of the transaction involved the $13.3 million note sale of five multifamily buildings totaling 320 units. The properties are located at 111, 150 and 253 S. Harrison St. as well as 195 and 242 Prospect St. In addition, the 42-unit property located at 150 South Harrison was subsequently re-sold for $1.7 million. David Oropeza of Gebroe-Hammer led the brokerage team that represented the sellers and buyers. Steven Tenenbaum, also of Gebroe-Hammer, procured the buyer in the second part of the deal.