CAMBRIDGE, MASS. — Pegasystems has signed a 163,000-square-foot lease at the 252,000-square-foot One Rogers Street in Cambridge. The company will relocate its corporate headquarters from the current office at 101 Main St. in Cambridge. Roy Hirshland and Mark Cote of T3 Advisors represented the tenant in the transaction, and John Osten, Peter Berkarian and Dan Kollar of Jones Lang LaSalle's Boston office represented Principal Real Estate, the landlord.
Northeast
NEW YORK CITY — A 1.65 million-square-foot, 42-story office building, located at 1285 Avenue of the Americas in New York City, has received a $372 million refinancing. The building is jointly owned by AXA Equitable Life Insurance Co. and institutional investors advised by J.P. Morgan Asset Management. Whit WIlcox and Mike Tepedino of Holliday Fenoglio Fowler's New York City office secured the 10-year loan through MetLife Real Estate Investments.
NEW YORK CITY — Marcus & Millichap has arranged the $20 million sale of 220 Park Ave. South, a mixed-use residential and retail property in New York City. Peter Von Der Ahe, Joseph Koicim and David Lloyd of the firm's New York City office represented the seller, a Long Island, N.Y.-based family. The buyer was a locally based landlord and private investor.
WEST HAVEN, CONN. — Cosmo's Food Products has signed a lease for 52,800 square feet of warehouse space at 281 Dogburn Rd. in West Haven. Mark Glassman of Milford, Conn.-based Arnold Peck's Commercial World represented the tenant and the landlord, The Shalvah Partnership.
KEARNY, N.J. — Cushman & Wakefield has negotiated the $32.6 million sale of a 211,000-square-foot industrial building, located at 670 Belleville Turnpike in Kearny. Cushman & Wakefield's East Rutherford, N.J.-based Metropolitan Area Capital Markets Group represented the seller, an affiliate of Carlstadt, N.J.-based Russo Development, and San Francisco-based Terreno Realty Corp., the buyer, was self-represented by Andrew Burke. The property is currently 100 percent leased to H.D. Smith.
HOBOKEN, N.J. — Meridian Capital Group has secured a 7-year, $33 million mortgage to refinance the 105-unit Hudson Square South in Hoboken. David Cohen and Russ Drebin of the firm's Iselin, N.J., office negotiated the financing through a local savings bank.
NEW YORK CITY — RKF Investment Sales & Advisory Services has brokered the $11.05 million sale of a 2,928-square-foot retail condominium, located at 123 Third Ave. in New York City. The property is fully leased to Capital One Bank. Jeff Fishman, Ariel Schuster, Brian Segall and Jonathan Butwin of the firm's New York City office represented the seller, 123 Third Ave. Partners, and procured the buyer, a private investment group.
MANSFIELD, MASS. — Marcus & Millichap has negotiated the $10.37 million sale of the 23,840-square-foot Mansfield Marketplace, located at 295 School St. in Mansfield. The property consists of eight tenants in two buildings. Robert Horvath and Todd Tremblay of the firm's Waltham, Mass., office represented the seller, Hecht Development, and procured the buyer, the Davos Family Trust.
BOGOTA, N.J. — Livingston, N.J.-based Gebroe-Hammer Associates has closed the sale of a 44-unit building, located at 112-128 East Lee Rd. in Bogota, for $3.6 million. Greg Pine represented the seller, East Fort Lee Road Corp., and procured the buyer.
BOSTON — Chesapeake Lodging Trust has secured a $95 million, fixed-rate loan for the 498-room Hyatt Regency Boston, located in Boston. The 5-year loan has a 30-year amortization schedule and was provided by Goldman Sachs Commercial Mortgage. The financing will be used to repay outstanding borrowings under the company's revolving credit facility and for general business purposes.