NEW YORK CITY — Healthfirst has signed a lease for 172,577 square feet at 100 Church Street, a 21-story, 1.05 million-square-foot office tower located in downtown Manhattan. The lease carries a 20-year term and covers four floors of the building. Healthfirst will use the space as its headquarters. The Jones Lang LaSalle team of Derek Trulson, Bill Peters and Daoud Awad represented the tenant in lease negotiations. The Newmark Knight Frank team of Brian Waterman, James Kuhn, John Fanuzzi, Hal Stein and Lance Korman represented the landlord, SL Green, which acquired the building out of foreclosure in January.
NEW YORK CITY — The United Nations Population Fund, an agency of the United Nations, has signed a new 15-year lease for 130,740 square feet at 605 Third Ave. in Manhattan. The tenant will occupy all of floors four through six starting in October. Pfizer had been subletting the space but gave it back to the landlord, Fisher Brothers, with 7.5 acres remaining on the lease. The UN took the remaining lease term and extended it by an additional 7.5 years. Andrew Roos led the Colliers International team that represented the tenant. Jack Whalen provided in-house representation for Fisher Brothers.
HAVERHILL, MASS. — Marcus & Millichap has brokered the sale of a CVS/pharmacy in Haverhill for $6.47 million. The property totals 11,970 square feet and is located at 150 Lafayette St. CVS has 23 years remaining on its lease with six 5-year extension options. The property traded at a 7.7 percent cap rate. Robert Horvath, Todd Tremblay and Al Taf of Marcus & Millichap represented the seller, Hecht Development. Horvath and Tremblay also procured the buyer, Quadrant Haverhill Real Estate.
NEW YORK CITY — Malkin Strategic Capital has secured an $11.5 million mezzanine loan to recapitalize 400 Madison Avenue in Manhattan. The loan, which carries a 5-year term, supplements a new $55 million senior loan provided by MetLife, and the two loans are coterminus. The package replaces the prior securitized financing at a blended annual rate of less than 6.5 percent. Built in 1929, 400 Madison Avenue totals 22 stories and 188,000 square feet. Its occupancy was approximately 90 percent at the time of closing. The property's owner is the Macklowe family.
CAMBRIDGE, MASS. — Microsoft has signed a lease for 113,000 square feet of office space at One Cambridge Center in Cambridge. It will occupy six floors of the 12-story building, which is located at the intersection of Main Street and Broadwaty in Kendall Square. The new lease will consist of the expansion of Microsoft's New England Research & Development Center, which opened in 2007. John Osten, Peter Bekarian and Molly Heath of Jones Lang LaSalle represented Microsoft in lease negotiations. David Provost and Philip Dorman provided in-house representation for the landlord, Boston Properties. Cambridge Center is a 24-acre office and research park that contains 2.7 million square feet of space.
EAST ORANGE, N.J. — Gebroe-Hammer Associates has completed a $15 million multifamily deal in East Orange. The first part of the transaction involved the $13.3 million note sale of five multifamily buildings totaling 320 units. The properties are located at 111, 150 and 253 S. Harrison St. as well as 195 and 242 Prospect St. In addition, the 42-unit property located at 150 South Harrison was subsequently re-sold for $1.7 million. David Oropeza of Gebroe-Hammer led the brokerage team that represented the sellers and buyers. Steven Tenenbaum, also of Gebroe-Hammer, procured the buyer in the second part of the deal.
NEW YORK CITY — Eastern Consolidated has brokered two Manhattan deals. First, the 8,426-square-foot retail component of Devonshire House, a condo tower located at 28 E. 10th St. in Greenwich Village, traded for $10.35 million. The street-level retail spaces average 605 square feet each, and the property includes 3,584 square feet of cellar space shared by six of the units. Occupancy was 100 percent at the time of closing. The Eastern Consolidated team of Ronald Solarz, Eric Anton, Brian Ezratty and Deborah Gutoff represented the seller, Devonshire Associates LLC, and procured the undisclosed buyer. In the second transaction, a six-story, 48-unit residential building located in West Harlem at 315 W. 115th St. traded for $6.7 million. The property is rent stabilized and fully occupied. Peter Carillo and Lipa Lieberman of Easter Consolidated represented the seller, West 115th Realty LLC, and procured the buyer, West 115 11-13 Associates LLC.
NEW YORK CITY — The National Football League (NFL) has signed a lease that will move its headquarters to 345 Park Ave. in Manhattan. It will occupy all of floors five through seven of the 44-story tower as well as 30,000 square feet of below-grade space. The NFL plans to relocate from its current headquarters at 280 Park Ave. during the third quarter of 2011. The lease carries a 20-year term. Petter Hennessy and Daoud Awad of Jones Lang LaSalle partnered with Franklin Speyer and Lou D'Avanzo of Cushman & Wakefield to represent the NFL. Tom Keating of Rudin Management Co. provided in-house representation for the landlord, the Rudin Family.
WARREN, N.J. — The Hampshire Companies has acquired Somerset Technology Center from Archon Group. The two-building, 129,000-square-foot complex is situated on 15.7 acres at 150 Mount Bethel Road in Warren. Prior to the sale, Archon had received approvals to redevelop and expand the site up to 172,000 square feet, but Hampshire's future plans for the property were not disclosed. Cushman & Wakefield's Metropolitan Area Capital Markets Group arranged the deal. The team's members include David Bernhaut, Andrew Merin, Gary Gabriel and Robert Donnelly, Jr.
WHEATFIELD, N.Y. — The groundbreaking has occurred for a new senior housing community in Wheatfield. Eagle Crest Senior Village will be developed by Calamar on 23 acres of land on Weiss Avenue in Wheatfield. The two-story building will contain 90 one- and two-bedroom units specifically for residents age 55 and older. Amenities will include a community room, a fitness center and a lounge/library. Calamar plans to donate 16 of the property's acres to create a park. Completion is slated for summer 2011.