BOSTON — Four leases totaling 79,500 square feet have been signed at Seaport Center, a nine-story, 465,000-square-foot office building located at 70 Fargo St. in Boston's Seaport District. Monster.com signed a lease for 28,000 square feet, which will serve as a data center. Verizon also signed a 28,000-square-foot lease and will use the space for a telecom facility. Interaction Associates signed a 10,000-square-foot lease for its new East Coast headquarters. Finally, Altran Solutions renewed the lease for its 13,500-square-foot Northeast headquarters. Bill Barck and Ben Heller of Jones Lang LaSalle represented the landlord, a joint venture between The Beal Companies and Rockpoint Group, in lease negotiations. NAI Hunneman represented Monster.com; CB Richard Ellis represented Verizon; FHO Partners represented Interaction Associates; and Grubb & Ellis represented Altran. The building is now 80 percent leased.
FRANKLIN TOWNSHIP, N.J. — AMB Property Corp. has brought occupancy within its AMB Franklin Commerce Center property in Franklin Township to full occupancy. Two leases totaling 127,700 square feet were signed for the 366,900-square-foot, Class A facility. The tenants' names were not released.
BOSTON — CB Richard Ellis (CBRE) Capital Markets has brokered the sale of the Church Green Building in Boston's Financial District for $5.7 million. Located at 101 Summer St., the property contains 42,600 square feet of Class A office space—35,000 square feet of which is leased to Capital Crossing Services Co.—as well as 8,000 square feet of ground-floor retail space. CBRE's Chris Angelone, Bill Moylan and Matt Pullen represented the seller, Aurora Bank FSB, and procured the buyer, Synergy Investment & Development. CBRE has also been retained to lease the property.
NEW YORK CITY — The grand opening has been held for Bank of America Tower in New York City. The 55-story building, which is located at One Bryant Park, is being touted as the first high-rise commercial tower in the United States to receive LEED-Platinum certification, which it was awarded under the program's Core & Shell designation. Sustainable features include a high-performance glass curtain wall and an efficient under-floor air delivery system. Tenants at the 2.1 million-square-foot tower include anchor tenant Bank of America as well as Al Gore's Generation Investment Management. The project is owned by The Durst Organization and was designed by Cook + Fox Architects.
BRIDGEPORT, CONN. — Interstate Battery Systems of Fairfield has purchased a portion of the former Bodine Manufacturing Facility in Bridgeport for $1.08 million. The 18,044-square-foot industrial building, which is located at 109-125 Holland Ave., will be used to expand the company's operations, currently located in neighboring Fairfield. Robert Shawah of Baldwin Pearson Co. represented Interstate Battery in the deal. Scott Zakos of Vidal/Wettenstein represented the seller, Holland Avenue LLC.
WOODBRIDGE, N.J. — Woodbridge-based The Kislak Company has brokered four commercial real estate sales in New York and New Jersey for a total of $4.2 million. The properties include Vincent Apartments, a 17-unit multifamily community located in Haddon Heights, N.J.; a former PNC Bank branch located in Brick, N.J.; the 20,000-square-foot Roselle Lane mixed-use property in Roselle, N.J.; and the mortgage for a 74-unit apartment community located in Erie County, N.Y. Kislak's Matt Weilheimer helped arranged all four deals.
PARSIPPANY, N.J. — Prism Capital Partners has re-acquired a 180,000-square-foot, Class A office building located at 399 Jefferson Road in Parsippany. The company originally sold the property in 2006 to HSBC, which also planned to occupy it. However, HSBC never took occupancy and brought the property back to market. Prism pans to complete capital improvements to the building, which HSBC gutted, and mount a repositioning campaign to lease it. Joe Garibaldi and Peter Nicoletti of Jones Lang LaSalle represented HSBC in negotiations.
NEW YORK CITY — The Abraham Joshua Heschel School has announced plans to build a new location that will expand and consolidate its campuses. The new building, a nine-story, 142,000-square-foot structure, will be constructed at the West End Avenue and West 61st Street, adjacent to Heschel's high school campus. Its lower and middle schools will relocate from West 89th Street and West 91st Street, respectively. The new location will allow the school to expand its overall enrollment from 789 to more than 1,000 students. Construction is expected to begin in September, with completion anticipated in fall 2012. The project architect is Gruzen Samton. Levien & Co. is providing project management services.
NEW YORK CITY — The grand opening has been for the Sheraton Brooklyn in New York City. The 25-story hotel features 321 guestrooms, including 21 suites. Amenities inluding a rooftop lounge, a fitness center with a solarium and indoor swimming pool, a full-service restaurant and lounge, and 4,300 square feet of meeting space. The hotel's owner is The Lam Group. The project marks the first full-service hotel to open in Brooklyn since 1998 and is the first of two Sheraton hotels scheduled to open in New York City this year.
NEW YORK CITY AND BLOOMFIELD, N.J. — NorthMarq Capital has arranged two loans for a total of $8.88 million. In the first transaction, Rob Hervey and Ernest DesRochers of NorthMarq secured $7.5 million in first-mortgage financing for the Union Square Theater in New York City. The property totals 37,791 square feet, and The New York Film Academy is the primary tenant. The loan carries a 5-year term and a 20-year amortization schedule. The lender was Sun Life of Canada. In the second transaction, NorthMarq’s Robert Ranieri arranged a total of $1.38 million for the refinancing of Franklin Hill Apartments, a 65-unit property located in Bloomfield. The financing comprises a $1.13 million first-mortgage with a 10-year term and a 10-year amortization schedule as well as a $250,000 line of credit with a 1-year, interest-only term. The borrower was Gallinson Associates, and the lender was North Jersey Community Bank.