EDISON, N.J. — i/o Data Centers has opened a new 830,000-square-foot data center in Edison. i/o New Jersey is located at Exit 10 of the New Jersey Turnpike in the former New York Times printing facility. Peter Yannotta and James Cali represented i/o in lease negotiations. Rob Kossat of Jones Lang LaSalle represented the building owner, KTR Capital Partners. i/o currently has two other data centers in Phoenix and Scottsdale, Ariz.
NEW YORK CITY — Beech Street Capital has secured a total of $46.3 million in Fannie Mae financing for a New York City multifamily portfolio. The portfolio consists of 386 units located in six buildings in Brooklyn and the Bronx. The loan carries a 7-year term, a fixed interest rate, 7 years of interest-only payments and a 30-year amortization schedule. Meridian Capital Group originated the loan. The borrower was not disclosed.
GARDEN CITY PARK AND HEMPSTEAD, N.Y. — M. Robert Goldman & Co. has arranged loans for two Long Island retail centers totaling $24.5 million. In the first transaction, Genworth Financial provided a $14 million loan for the acquisition of City Park Plaza, an 89,000-square-foot, Waldbaum's-anchored shopping center located in Garden City Park. In the second, transaction, Aviva Investors provided a $10.5 million loan to refinance Hempstead Village Commons, a 96,482-square-foot center located in Hempstead. Tenants include Pep Boys, Staples and A.J. Wright. The borrowers in both deals were undisclosed.
WHITE PLAINS, N.Y. — Dick's Sporting Goods will hold a grand opening this weekend for its newest location. The store will be located within The Source at 1 Maple Ave. in White Plains. It is the retailer's 30th location in New York.
NEW YORK CITY — Houlihan-Parnes has arranged a $2.5 million first mortgage for a Bronx retail property. Located at 3427 Jerome Ave., the property totals 10,000 square feet and contains five spaces. The non-recourse loan carries a 5-year term, a 4.75 percent fixed interest rate and interest-only payments for the first 2 years. The lender was a local bank. Mike O'Neil of Houlihan-Parnes secured the financing.
WAPPINGERS FALLS, N.Y. — Prudential Serls Prime Properties Commercial Group has brokered the sale of Dutchess Falls Apartments, a 47-unit community located in Wappingers Falls. The buyer, a Westchester-based family business, was able to obtain an extension on the property's first mortgage. The buyer also has the ability to re-sell individual units as condos. The Prudential team of Steven Salomone and Tom LaPerch brokered the deal.
PARSIPPANY, N.J. — Commercial Mortgage Capital has arranged a $5 million loan for a 400-unit apartment community located in Parsippany. The loan carries a 10-year term and a fixed interest rate. The lender was Aegon USA, and the borrower was undisclosed. CMC's Mark Scott arranged the financing.
GARFIELD, N.J. — CB Richard Ellis (CBRE) has completed the sale of a nine-unit, garden-style multifamily community located at 40 Beech St. in Garfield. The buyer and seller both used the property to completed 1031 exchanges. The building traded for $954,000. CBRE's Charles Berger represented the seller and procured the buyer. Both parties were undisclosed.
NEW YORK CITY — Houlihan-Parnes Realtors has arranged a $1.1 million loan for the refinancing of a five-story, 13-unit residential building located at 840 Bronx Park South in New York City. The non-recourse financing carries a 5-year term with a 5-year option, a 4.75 percent fixed rate and a 30-year amortization schedule. Ed Graf of Houlihan-Parnes secured the loan. Both parties were undisclosed.
TAUNTON, MASS. — The groundbreaking ceremony has been held for Myles Standish Medical Center, a new Class A medical building located in Taunton. The three-story, 33,420-square-foot building will be constructed at the entrance to Myles Standish Industrial Park. Completion is scheduled for this fall. Commitments have already been received for 25 percent of the building's space. Cranston, R.I.-based A. Autiello Construction is providing design-build services, and Boston-based NAI Hunneman is leasing the building.