PARSIPPANY, N.J. — CB Richard Ellis (CBRE) Capital Markets has arranged a $33 million acquisition loan for 100 Kimball Drive, a Class A office property located in Parsippany. The 175,000-square-foot building is fully leased to Deloitte. The financing carries a 5.25 percent fixed interest rate, 10-year term and a 30-year amortization schedule. The borrower was CBRE Realty Trust. James Gunning and Donna Falzarano of CBRE's New Jersey office partnered with John Clifford and Keith Huizinga of the firm's Chicago office to arrange the loan.
CAMP HILL, PA. — Wolfe & Company Realtors has brokered the sale of an 18-unit apartment property located at 2003 Market St. in Camp Hill. Buz Wolfe and Gary Sausser of Wolfe & Co. represented both parties in the deal. The names of the buyer and seller were undisclosed.
NEW YORK CITY — The New York Legal Assistance Group (NYLAG) has signed a sublease for 36,250 square feet of office space at 7 Hanover Square in Manhattan. The firm plans to relocate this summer from its current location at 450 W. 33rd Street. Gere Ricker of MB Real Estate represented NYLAG in lease negotiations. MB's Project Services group will also provide construction management services for the tenant fit-out. Joseph Harkins and Barry Lewen of Grubb & Ellis represented the undisclosed sub-landlord.
BOSTON — Linear Retail Properties has acquired four retail condominium units in Boston for approximately $6 million. The condos total 5,716 square feet of space and are located on the first two floors of 292-296 Newbury Street. Tenants include MiniLuxe Back Bay spa, Michael Labrecque Salon, Audrey's Pet Supply & Services and Vibram USA footwear, which will open in the spring. Lisa Campoli and Nick Herz of Colliers International represented the undisclosed seller.
WESTBOROUGH, MASS. — Ameridose Inc., a hospital pharmacy supplies manufacturer, has signed a lease for 64,592 square feet of office and manufacturing space at 201 Flanders Road in Westborough. The space is in addition to the 76,000 square feet the company recently leased at 205 Flanders Road. Craig Johnson of R.W. Holmes Realty Co. represented the landlord. John Eysenbach, also of R.W. Holmes, represented the tenant.
DEDHAM, MASS. — CMI Properties has broken ground for the construction of a 5,000-square-foot addition to a 45,000-square-foot retail center located at 780 Providence Highway in Dedham. The project is scheduled for completion this summer; Elliot & Co. is marketing the space. Existing tenants at the two-building retail center include Bed Bath & Beyond, Verizon Wireless, The Vitamin Shoppe and Massage Envy.
BOSTON — Harvard University has signed a lease for a 40,000-square-foot building located at 90 Smith St. in Boston's Mission Hill neighborhood. Constructed in 1888, the building had been vacant for the past five years before Harvard leased the building and had it renovated. All of the building's major systems were replaced, the masonry exterior was restored, a copper cornice and gutter was mounted, historically appropriate windows were installed and an interior office system designed to LEED standards was installed. The building will house the Harvard School of Public Health's administrative offices. The Cushman & Wakefield team of Frank Nelson, Michael Greeley and Joseph Pearce represented the landlord, Weston Associates, in the deal.
PAXTON, MASS. — Construction has topped out for a new 200-bed residence hall on the campus of Anna Maria College in Paxton. The $9 million project includes the construction of a three-story, 65,000-square-foot building. The residence hall will house sophomores and juniors in suite-style units, with each suite containing six students in single- and double-occupancy bedrooms. The first floor will contain a large community room and the upper two floors will contain additional study, lounge and laundry areas. Completion is slated for this fall. Worcester, Mass.-based Cutler Associates is providing design/build services.
ALLENDALE, N.J. — Construction is complete for the renovation of Allendale Town Center, a 90,000-square-foot shopping center located at 35-63 W. Allendale Ave. in Allendale. The project, which was overseen by Hollister Construction Services, consisted of the renovation of 20 individual retail stores, a façade replacement, the reconfiguration of the parking lot, and new entry features, lighting, sidwalks, curbing, paving and landscaping. Ives, Schier & Lesser designed the project. The Azarian Group owns Allendale Town Center.
HARRISBURG, PA. — The grand opening has been held for the Best Western Premier The Central Hotel and Conference Center in Harrisburg. Located at 800 E. Park Drive, the hotel contains 174 guest rooms, including three suites, as well as 15,000 square feet of meeting and banquet space. Amenities include an on-site restaurant and lounge, a fitness center, a heated indoor swimming pool and a business center. This marks the sixth Best Western Premier hotel to open in North America.