BROOKLYN, N.Y. — New York-based GFI Realty Services has negotiated the $10 million sale of Atlantic Gardens, eight mixed-use buildings located at 525-541 Atlantic Ave. in Brooklyn. The buildings contain 22 apartments and eight commercial units. Lon Rubackin, formerly of GFI, represented the seller, a private investor, and Rick Helfand and Shawn Sadaghati, also of GFI, represented the buyer.
Northeast
MARLBOROUGH, MASS. — Behringer Harvard has acquired the 332-unit Stone Gate, located at 65 Silver Leaf Way in Marlborough. The investment was made through a joint venture between Behringer Harvard Multifamily REIT I, Inc., and PGGM Private Real Estate Fund.
BURLINGTON, MASS. — NAI Hunneman has completed a 58,000-square-foot lease at One Van de Graaff Drive in Burlington on behalf of inVentiv Health. Evan Gallagher of Boston-based NAI Hunneman represented the tenant and Dan Campbell of R.M. Bradley's Boston office represented the landlord, Mass Mutual.
WALPOLE, MASS. — Walpole-based John D. Murphy Co. has broken ground on a 117,200-square-foot office and warehouse building at the seven-building, 466,000-square-foot Walpole Park South complex, which is fully leased. Boston-based NAI Hunneman is the leasing agent for the property, which is slated for completion this fall.
BOSTON — Cushman & Wakefield has brokered the $13.85 million sale of the 62,146-square-foot 131 Clarendon, an office and retail building in Boston. Robert Griffin, Jr., and Frank Nelson of Cushman & Wakefield's Capital Markets Group's Boston office represented the seller and procured the buyer, Brookline Bancorp.
YORK COUNTY, PA. — LKQ Corp. has signed a lease for 108,160 square feet at an industrial building, located at 275 Cross Farm Lane in York County, Pa. Jospeh McDermott and Vincent Ranalli of CB Richard Ellis' Industrial Services' Wayne, Pa., office represented the tenant and Henry Steinberg represented the landlord, Exeter Property Group.
N.J., N.Y. & PA. — Strategic Storage Trust, Inc. (SSTI), has acquired a 6,300-unit self-storage portfolio with four properties in the Northeast for $44 million. The sites are: a 660-unit property in Trenton; a 690-unit property in Ballston Spa; a 540-unit property in Collegeville; and a 390-unit property in Skippack; all of which will be rebranded under the SmartStop Self Storage name. Additionally, the portfolio contained seven properties in the Southeast.
NEW YORK CITY — A 50,000-square-foot development site located in New York City has been sold to Fortuna Realty Hotel SoHo for $12.75 million. The buyer plans to construct a 124-room hotel on the site. Alan Miller, Roberto Ortiz and Paul Nigido of New York City-based Eastern Consolidated represented the seller, Patriot 523 Greenwich St., LLC, and procured the buyer.
NEW YORK CITY — New York City-based Massey Knakal has arranged the $3.6 million sale of The Cove Club Retail, a portfolio consisting of three retail sites within a nine-story condominium building located at 2 South End Ave. C-1 in New York City. The units are occupied by Kumon Learning Center, a dry cleaner and a local ballet school. Nick Petkoff of Massy Knakal represented the seller.
MAHWAH, N.J. — Hackensack, N.J.-based NAI James E. Hanson has brokered the $2.68 million sale of a 29,050-square-foot office/flex building, located at 330 Franklin Turnpike in Mahwah. Kenneth Lundberg represented the seller, Raia Properties, and procured the buyer, Interstate 330.