BROOME COUNTY, N.Y. — Sunbury, Pa.-based Weis Markets has purchased 11 Giant Markets stores in Broome County, including locations in Johnson City, Endwell, Endicott, Vestal and Binghamton. All 11 stores were closed for conversion and are set to reopen Tuesday, August 25 at 7 a.m. A grand opening will be held on August 30, and five of the locations will convert to 24-hour schedules.
Northeast
MILTON, VT. — Jamaica, Vt.-based Jamaica Cottage Shop has partnered with newly developed Vermont Eco Cottage to open its newest display/retail yard at 530 Route 7 South in Milton. The retail outlet will feature Jamaica Cottage Shop’s original designs for outdoor sheds, including garden sheds, storage sheds, potting solutions, firewood storage, chicken coops, camping and hunting cabin retreats. The display area will house building examples that can be ordered as pre-cut shed kits or fully assembled buildings. Jamaica Cottage Shop supports local landowners, foresters, loggers and sawmills by using native Vermont hemlock and pine lumber.
JERICHO, N.Y. — Long Island, N.Y.-based Metropolitan Realty Associates has moved its headquarters from Garden City, N.Y., to 500 N. Broadway in Jericho. Established in 2002, Metropolitan Realty owns more than 700,000 square feet of office space on Long Island, including the Business and Research Center at Garden City in Garden City, N.Y.; Sunrise Business Center in Great River, N.Y.; and the Jericho Atrium in Jericho, N.Y.
NEWARK, DEL. — The U.S. Army has purchased a 193,460-square-foot industrial property from Main PW LP for an undisclosed amount. The facility is spread across 20 acres at 1001 Ogletown Rd. in Newark. GVA Smith Mack represented the buyer, and M. Neil Kilian of NAI Emory Hill represented the seller.
CRANBERRY TOWNSHIP, PA. — Marcus & Millichap has represented two undisclosed parties in the $5.5 million sale of a 25,198-square-foot property net-leased to Chick-fil-A and Olive Garden. The property is located at 1678-1716 Route 228 in Cranberry Township. Jack Hopkins of Marcus & Millichap represented the seller, and the firm’s John Susank represented the buyer.
SYRACUSE, N.Y. — Michael James of NorthMarq Capital has secured $3.5 million in financing for a 74,000-square-foot Syracuse office building. Located at 225 Greenfield Parkway, the property houses Brookfield Renewable Power. The 10-year loan, which carries a 25-year amortization schedule, was financed by a federal credit union.
CANTON, MASS. — Vermont Pure Holdings, a bottled water distributor, has singed a lease with an undisclosed landlord for 23,966 square feet of office space in the Shawmut Business Park. The building is located at 95 Shawmut Rd. in Canton. Matthew Morgan of Framingham, Mass.-based Parsons Commercial Group represented the tenant.
EXETER TOWNSHIP, PA. — Exeter Commons, a 490,000-square-foot retail center, has opened in Exeter Township. The center is located at the intersection of Business Route 422, Bypass Route 422 and 47th street. A 132,000-square-foot Target and an 81,000-square-foot Giant Foods have already opened their doors, and a 171,000-square-foot Lowe’s Home Improvement is slated to open in October. Additional retailers now open for business include Sonic, Sleepy’s, Five Below, Red Robin, Chick-Fil-A, PETCO, Famous Footwear and America’s Best Contacts & Eyeglasses. Other tenants set to open this month include Five Guys Burgers & Fries, T-Mobile, GameStop and Supercuts. September openings include Staples and Affinity Bank. A Wachovia branch is set to open in late October or early November. The retail center is being developed by a joint venture between The Goldenberg Group and Ironwood Property Group. Construction on the $75 million project commenced in April 2008 and was completed on schedule. The center is currently 96 percent leased.
WEST CHESTER, PA. — Grubb & Ellis Company has completed the sale of 31,700 square feet of office space located at 1210 Ward Ave. in West Chester. The space was purchased by Synthes USA from Bryn Mawr Mall Associates for an undisclosed price. Grubb & Ellis’ John Perkins facilitated the transaction. The buyer will occupy the entire one-story building, which previously had been vacant.
NEW YORK CITY — NAI Friedland Realty has brokered the $5.19 million sale of 4401 Bronx Boulevard, a 40,000-square-foot building located in the Bronx, New York City. Also known as the Farrand Building, the facility is located in the North Bronx at the corner of Nereid Avenue. Rick Stassa of NAI Friedland represented both the buyer, Montefiore Medical Center, and seller in the transaction. The property had been operated by Our Lady of Mercy Medical as a rehabilitation center for substance abuse and counseling. Medical research had also been done at the building. Montefiore will continue to use the building in the same capacity.