QUINCY, MASS. — Cushman & Wakefield's Sonnenblick Goldman (CWSG) has arranged a 5-year, fixed-rate, $13 million mortgage in support of Synergy Investment & Development's $25 million acquisition of 200 Newport Ave. in Quincy from ING Clarion Partners. The loan was provided by Principal Global Investors through its subsidiary Principal Life Insurance Co.
RIDGEFIELD, CT. — Andrew Stewart and Dev Morris of Chatham, N.J.-based Cronheim Mortgage have arranged a $9.6 million loan secured by three, 100 percent leased multifamily properties in Ridgefield which total 79 units. The properties, which are all located within a mile of each other, are Beechtree Manor Apartments, Governor House Apartments and Grove Street Apartments. The 10-year loan has a fixed interest rate of 4.7 percent and a 30-year amortization schedule.
BOHEMIA, N.Y. — CMB Wireless has purchased a 65,220-square-foot industrial/flex building located at 4000 Veteran's Memorial Hwy. in Bohemia for $5.5 million in a deal arranged by Ashlind Properties' Richie Cohen. The 7.2 acre buildling contains 37,250 square feet of office space, 8,270 square feet of R&D/data center space and 19,700 square feet of warehouse space. Charles Tabone and Daniel Gazzola of Newmark represented the seller, Avaya, in the transaction.
SALEM, N.H. — Needham, Mass.-based Equity Industrial Partners has selected Integrated Builders for a fit-out contract totaling 100,000 square feet of commercial space, located at 9 Northeastern Blvd. in Salem, a 660,000-square-foot warehouse/light manufacturing facility. Integrated Builders will provide fit-outs for 74,000 square feet of warehouse and 26,000 square feet of office space for nora systems. The McKenna Group Ltd. is the project architect.
QUINCY, MASS. — Clarion Partners recently sold the 145,752-square-foot, Class A office building Josiah Quincy Building, located at 200 Newport Ave. in Quincy, for $25 million. The eight-story building features a two-story atrium lobby and flexible 22,000-square-foot floor plates. Robert Griffin, Jr., Edward Maher, Jr., David Pergola and Brian Doherty of Cushman & Wakefield's Boston office represented the seller and procured the buyer, an affiliate of Boston-based Synergy.
GREENWICH, CT. — Freepoint Commodities has signed a lease for 23,160 square feet of space at the 425,000-square-foot Greenwich Office Park, a Class A property located in Greenwich. The location will serve as its corporate headquarters. David Block and Michael Siegel of CB Richard Ellis' Stamford, Ct., office represented the asset manager, ING Clarion Partners. Eric Goldschmidt of Scarsdale, N.Y.-based Goldschmidt & Associates represented Freepoint Commodities.
NEW YORK CITY — Equity One has acquired a fee interest in a Manhattan retail condo for $55 million. The property totals 56,870 square feet and is located at 161 W. 16th St. in Chelsea. Loehmann's leases the space until March 2016. The seller's name was not released.
BEAR, DEL. — Beech Street Capital has secured $32 million in Fannie Mae financing for Christiana Meadows, a 648-unit, garden-style apartment community located in Bear. The borrower, School House Trust, plans to use the proceeds to pay off the property's existing $26.4 million debt. Bryan Sykes of Beech Street's Boston office originated the loan. The borrower's name was not released.
SOMERSET, N.J. — Colliers International has brokered the sale of a 20,164-square-foot retail center located at 464 Elizabeth Ave. in Somerset for $8.9 million. The center was constructed in 2009 and is tenanted by Rite Aid, Dunkin Donuts and New Millennium Bank. The buyer was a regional investor. William Aiello and George Lulos of Colliers' Harrisburg, Pa., office partnered with Ian Schroeder and Maurice Nieman of the firm's Irvine, Calif., office to represent both parties in the deal.
HAUPPAUGE, N.Y. — The Hamphire Companies has sold a Long Island warehouse to C.R. Trop LLC. The property is located in Hauppauge at 75 Oser Ave., within Hauppauge Industrial Park. It totals 32,500 square feet and features full air conditioning, 16-foot clear ceilings, two docks and one drive-in door. Richie Cohen of Ashlind Properties represented Hampshire in the deal.