JERSEY CITY, N.J. — Helios Capital has arranged the sale of a $14.1 million, non-performing loan secured by a 60,000-square-foot multi-use property located in Jersey City's Journal Square. The three-story building consists of 45,000 square feet of retail space, 15,000 square feet of office space, two advertising billboards and a telecommunications antenna. Jonathan Horn of Helios represented the seller, Oritani Bank. The buyer was not disclosed.
NEW YORK CITY — TerraCRG has brokered the sale of a residential development site located at 191-193 Hurson Street in Brooklyn's Greenpoint neighborhood. The two-lot site is approved for the construction of a 10-unit apartment building with parking. A two-family building currently sits on the property. A local developer acquired the property for $1.05 million in an all-cash deal. The construction timetable was not released.
PARSIPPANY, N.J. — Grosvenor Investment Management has leased a 150,500-square-foot building located at 299 Jefferson Road in Parsippany to Evonik Degussa Corporation. The speciality chemicals manufacturer will use the property as its North American headquarters. Vision Equities represented the landlord in lease negotiations. The building is in the process of a renovation, which includes common area improvements, a new fitness center, a roof replacement and updated building systems.
EAST AURORA, N.Y. — Hotel Brokers International (HBI) has completed the sale of the Hampton Inn East Aurora, an 80-unit, select-service hotel located in the Buffalo suburb of East Aurora. The property traded for approximately $7.8 million. HBI affiliates Optimum Hotel Brokage and ProCom Lodging Brokers partnered to represent the seller, a California-based investment fund. The buyer's name was also not disclosed.
JERSEY CITY, N.J. — Gebroe-Hammer Associates has arranged the sale of a 45-unit apartment property located at 171-181 Erie St. in Jersey City for $7 million. The three-story building contains 23 two-bedroom units and 22 one-bedroom units. Nicholas Nicolaou, Joel Schwartz and David Jarvis of Gebroe-Hammer represented the seller and procured the buyer. Both parties were undisclosed.
CLIFTON, N.J. — Conshohocken, Pa.-based Seagis Property Group has acquired a 361,000-square-foot warehouse/distribution facility located in the Meadowlands submarket of Clifton. The property was constructed in 2002 and is fully occupied. The seller's name was not released.
MORRIS TOWNSHIP, N.J. — National Business Parks has leased a 189,000-square-foot office building to Atlantic Health System. The property is located within Southgate Corporate Center at 435 South St. in Morris Township. Atlantic Health already occupies a nearby building at 475 South Street. it expects to move in during the fourth quarter following building improvements that include new building systems and finishes, a redesign of the front entrance and the addition of an on-site café.
PENNSYLVANIA — NorthMarq Capital has arranged $40.43 million in first-mortgage financing for a five-property multifamily portfolio located in southeastern Pennsylvania. The properties, which contain a total of 960 units, are located in Shillington, Camp Hill, Allentown, Lancaster and Sunbury. They are subject to Section 8 housing assistance. The loan carries a 10-year term, a 30-year amortization schedule and was provided by Freddie Mac. David Farrell of NorthMarq's Kansas City office arranged the loan on behalf of the undisclosed borrower.
NEW YORK CITY — Eastern Consolidated has brokered the sale of a 24-apartment portfolio located within a 111-unit building at 200 W. 108th St. on Manhattan's Upper West Side. for $7 million. Two-thirds of the units involved in the sale are market-rate. Eastern Consolidated's Deborah Gutoff and Brian Ezratty partnered with Gjon Kalaj of Meridian Real Estate Group to represent the seller, a trustee. George Moss, also of Eastern Consolidated, procured the buyer, 108 Amsterdam Realty Co. LLC.
NEW YORK CITY — Marcus & Millichap has brokered the sale of a 34-unit multifamily property located at 1973 Amsterdam Ave. in new York City for $4.3 million. The property was purchased by an undisclosed party at a 6.44 percent cap rate. Peter Von Der Ahe and Scott Edlestein of Marcus & Millichap's Manhattan office represented the seller, a private investor.