BROOKLYN, N.Y. — GFI Realty Services has closed on the sale of a Brooklyn multifamily building for $5.15 million. The property consists of 39 apartments totaling 34,000 square feet. The building is a four-story walk-up located at 2985 Ocean Pkwy., and this transaction marks the building’s first sale in more than 30 years. Shlomo Antebi represented both the buyer and seller in the transaction.
PHILADELPHIA — Tryko Partners, a private equity real estate group, has acquired Kearsley retirement community in west Philadelphia for $8 million. The property, made up of Kearsley Apartments, Kearsley Square and Kearsley Long Term Care, is recognized as the first retirement community in the United States. The Kearsley campus is located on 13 acres at 2100 North 49th St.
HAVERHILL, MASS. — Swix Sport USA Inc., a distributor of ski equipment and supplies, has leased a 64,000-square-foot industrial building at 60 Newark St. in Haverhill. David, James and Micah Stubblebine, all of The Stubblebine Company/CORFAC, represented Swix and the landlord, Leewood Realty Trust, in the transaction.
BROOKLYN, N.Y. — GFI Realty Services has closed on the sale of a Brooklyn multifamily building for $5.15 million. The property consists of 39 apartments totaling 34,000 square feet. The building is a four-story walk-up located at 2985 Ocean Pkwy., and this transaction marks the building’s first sale in more than 30 years. Shlomo Antebi represented both the buyer and seller in the transaction.
DOWNINGTON, PA. –– Marcus & Millichap Real Estate Investment Services has brokered the $51.75 million sale of a 386,016-square-foot retail power center in Downingtown, Pa. Kevin Boeve, Mark Taylor and Dean Zang, all of Marcus and Millichap, represented the buyer, Morris Ashbridge Associates, and the seller, Pacific Crest Holding, in the transaction. The property is located at 900 East Lancaster Ave., and its tenants include Home Depot, Best Buy, Staples and Jo-Ann Fabrics and Crafts.
MORRISTOWN, N.J. –– Starbucks is set to open a 2,100-square-foot storefront at The Shops on the Green at 40 Park in Morristown. The store will be Starbucks’ first new location in New Jersey location since 2009. The location is a LEED-certified store. Other Shops on the Green tenants include the AT&T store and Qdoba Mexican Grill.
WAYNESBURG, PA. –– Love Funding has closed a $5.44 million loan for Rolling Meadows, a 63-room nursing facility in Waynesburg. Bruce Gerhart of Love Funding’s Cleveland office secured the 30-year loan through the Federal Housing Administration’s 232/223(f) loan insurance program.
WILMINGTON, DEL. –– Saladworks has signed an agreement with franchisee Joe Mignone to open his third franchise in Delaware. This Wilmington location is expected to open this fall, which will expand Saladworks’ presence in Delaware to five restaurants. Saladworks operates more than 100 franchise locations in 12 states.
TRENTON, N.J. –– CB Richard Ellis has completed the sale of a 10,000-square-foot free-standing retail property at 1242 Hamilton Ave in Trenton. Charles Berger of CBRE New Jersey’s Private Capital Group, and Eli Klapper and David Gross of CBRE’s Outer Borough Long Island Office represented the seller and procured the buyer in the net-lease-sale transaction. Dollar General has leased 100 percent of the property.
NEW YORK CITY –– Meridian Capital Group has negotiated a $10.6 million senior mortgage on behalf of Park Avenue South LLC to refinance the acquisition of a multifamily loft building located at 220 Park Ave. South in NYC. The five-year financing features a fixed-rate of 4 percent and an allowance of $2.2 million in mezzanine financing. Allan Lieberman of Meridian negotiated the financing. The property is nine stories tall with 38 loft-style units, and 2,650 square feet of ground level and retail space. Japanese restaurant Haru occupies the retail space.
