SALEM, N.H. — Integrated Builders has completed the build-out for Comcast's Maine/New Hampshire office in Salem. The telecommunications provider occupies 104,000 square feet at 9 Northeastern Blvd. The build-out included installing drop ceiling, vinyl composite tile flooring, and HVAC and fire protection systems in the facility's testing room.
SOMERSET, N.J. — Colliers International has brokered the sale of a 20,164-square-foot retail center located at 464 Elizabeth Ave. in Somerset for $8.97 million. Constructed in 2009, the center contains Rite Aid, Dunkin Donuts and New Millennium Bank. A regional developer purchased the property at an 8.5 percent cap rate. Ian Schroeder and Maurice Nieman of Colliers' Irvine, Calif., office partnered with William Aiello and George Lulos of the firm's Harrisburg, Pa., office to represent both undisclosed parties.
CARLISLE, PA. — Boston-based UC Funding has provided a $14.7 million bridge loan to WP Carlisle Associates LP for the acquisition of the $25 million distressed loan on Carlisle Crossing, a 368,513-square-foot shopping center located in Carlisle. Rich Horowitz of Cooper-Horowitz Inc. originated the financing. Terms of the loan were not disclosed.
JERSEY CITY, N.J. — Helios Capital has arranged the sale of a $14.1 million, non-performing loan secured by a 60,000-square-foot multi-use property located in Jersey City's Journal Square. The three-story building consists of 45,000 square feet of retail space, 15,000 square feet of office space, two advertising billboards and a telecommunications antenna. Jonathan Horn of Helios represented the seller, Oritani Bank. The buyer was not disclosed.
NEW YORK CITY — TerraCRG has brokered the sale of a residential development site located at 191-193 Hurson Street in Brooklyn's Greenpoint neighborhood. The two-lot site is approved for the construction of a 10-unit apartment building with parking. A two-family building currently sits on the property. A local developer acquired the property for $1.05 million in an all-cash deal. The construction timetable was not released.
PARSIPPANY, N.J. — Grosvenor Investment Management has leased a 150,500-square-foot building located at 299 Jefferson Road in Parsippany to Evonik Degussa Corporation. The speciality chemicals manufacturer will use the property as its North American headquarters. Vision Equities represented the landlord in lease negotiations. The building is in the process of a renovation, which includes common area improvements, a new fitness center, a roof replacement and updated building systems.
EAST AURORA, N.Y. — Hotel Brokers International (HBI) has completed the sale of the Hampton Inn East Aurora, an 80-unit, select-service hotel located in the Buffalo suburb of East Aurora. The property traded for approximately $7.8 million. HBI affiliates Optimum Hotel Brokage and ProCom Lodging Brokers partnered to represent the seller, a California-based investment fund. The buyer's name was also not disclosed.
JERSEY CITY, N.J. — Gebroe-Hammer Associates has arranged the sale of a 45-unit apartment property located at 171-181 Erie St. in Jersey City for $7 million. The three-story building contains 23 two-bedroom units and 22 one-bedroom units. Nicholas Nicolaou, Joel Schwartz and David Jarvis of Gebroe-Hammer represented the seller and procured the buyer. Both parties were undisclosed.
CLIFTON, N.J. — Conshohocken, Pa.-based Seagis Property Group has acquired a 361,000-square-foot warehouse/distribution facility located in the Meadowlands submarket of Clifton. The property was constructed in 2002 and is fully occupied. The seller's name was not released.
MORRIS TOWNSHIP, N.J. — National Business Parks has leased a 189,000-square-foot office building to Atlantic Health System. The property is located within Southgate Corporate Center at 435 South St. in Morris Township. Atlantic Health already occupies a nearby building at 475 South Street. it expects to move in during the fourth quarter following building improvements that include new building systems and finishes, a redesign of the front entrance and the addition of an on-site café.