BRANFORD, CONN. — Branford,-based The Geenty Group, Realtors, has brokered the sale of a 10,000-square-foot warehouse located at 140 N. Branford Road in Branford for $800,000. Kristin Geenty and Kevin Geenty of The Geenty Group represented the buyer, Vigliotti Construction Co., as well as the seller, GHM, Inc. The buyer plans to renovate the facility and relocate its corporate offices to it.
CALDWELL, N.J. — Marcus & Millichap has negotiated the sale of a 6,175-square-foot retail property located in Caldwell for $1.25 million. Seth Pollack of Marcus & Millichap's New Jersey office represented the seller, a local retail developer. David Thurston, also of Marcus & Millichap, represented the buyer, a local investor participating in a 1031 exchange.
BEDFORD, MASS. — Newton, Mass.-based Diversified Project Management has been selected by Acme Packet to provide project management services for the build-out of the company's new Bedford headquarters. Acme has signed a lease that will relocate its operations from 75,000 square feet of space in Burlington, Mass., to 123,000 square feet at 100 Crosby Drive in Bedford. As part of the lease, Acme has the option to expand by 20,000 square feet. The interior build-out of the office and engineering space is expected to be complete in March, with occupation expected in June. Dyer Brown Architects is designing the project and Chapman Construction is the general contractor. Bradford Spencer of Grubb & Ellis represented Acme in lease negotiations.
HAZLETON, PA. — A new Candlewood Suites hotel has opened in Hazleton. Owned by American Hotel Development Partners, the five-story hotel contains 124 suites featuring fully equipped kitchens, executive desks and free high-speed Internet access. Hotel amenities include a fitness center and complimentary guest laundry. It is being managed by Harris Hotel Group.
NEW YORK CITY — Massey Knakal Realty Services has brokered the sale of an approximately 7,440-square-foot medical office building located in the Bay Ridge neighborhood of Brooklyn, New York City, for $2.6 million. The building, which is situated at 370 Bay Ridge Parkway, contains eight units and approximately 2,400 square feet of development rights. In addition, the sale included a 4,650-square-foot land parcel that will be used as a parking lot. Matthew Giordano, Stephen Palmese and David Simone of Massey Knakal handled the transaction between the undisclosed seller and the buyer, a physician who will also serve as the main tenant of the building.
SOUTHPORT, CONN. — Clearview Investment Management has acquired a partially completed component of Southport Green, a 64,600-square-foot mixed-use project located in Southport. Included in the sale is an approximately 40-room hotel, a restaurant, office space and luxury residential units. Clearview plans to complete the components and operate the hotel, which will open next spring under the name Delamar Southport. The CB Richard Ellis team of Jeffrey Dunne, Steven Bardsley, Christopher Leonard and David Gavin represented the undisclosed seller and procured Clearview. The sale price was not disclosed.
BOSTON — Boston-based GVA Thompson Hennessey & Partners has completed a $7.5 million commercial sale in Boston. The sale included a 24,859-square-foot parking lot located at 45 Stuart St. and the air rights next to the historic Jacob Wirth Building. The land site will remain a parking lot and the Jacob Wirth Restaurant will remain in operation. Chris McMahon of GVA represented the buyer, Erstat Realty Capital, and the undisclosed seller.
BRANFORD, CONN. — CB Richard Ellis | New England (CBRE) has brokered the sale of a 55,400-square-foot research and development facility located in Branford for $4.1 million. The building is fully occupied by 454 Life Sciences Corp., a division of Roche Diagnostics Operations. CBRE's Pat Mulready, Tim Fegan, Elli Klapper and John McCormick represented the seller, Alliance Commercial Partners, and procured the buyer, New York-based Ash Realty Associates. The current tenant has plans to invest more than $5 million in capital improvements to the property.
GREENWICH, CONN. — FirstService Williams has brokered the sale of an approximately 5,600-square-foot retail property located in downtown Greenwich for $8 million. The retail property is situated at 75 Greenwich Ave. and is occupied by Sephora. Stephen Westerberg of FirstService Williams' Stamford, Conn., office represented the seller, Merlof LLC. The buyer, 75 Greenwich Avenue LLC, utilized in-house representation.
ROME, N.Y. — The Rome Housing Authority will partner with Albany, N.Y.-based Omni Housing Development to complete a $40 million renovation project for Liberty Gardens, a 180-unit affordable housing community located in Rome. The project will be the first major upgrade of the property since it was built in 1952. Construction will include the gut renovation of all units and the installation of energy-efficient systems and appliances. The community will also be brought up to compliance with the Americans with Disabilities Act. Groundbreaking will occur in the spring, and completion is expected to take 3 to 5 years.