WALTHAM, MASS. — R.W. Holmes Realty Co. has arranged a lease for 15,111 square feet at Watermill Center, located in Waltham. The space will be occupied by Providence, R.I.-based accounting firm Kahn, Litwin, Renza & Co. (KLR). The firm recently expanded its reach into the greater Boston area with the acquisition of Sullivan, Shuman & Freedberg, and will be relocating those operations to Watermill Center. Garry Holmes and Chip Setwiller of R.W. Holmes represented KLR in lease negotiations. Dave Campbell of Newmark Knight Frank represented the landlord, New Boston Fund. Watermill Center is a 206,722-square-foot, Class A office building located at 800 South St.
NEW YORK CITY — Meridian Capital Group has arranged a $151 million loan for The Ritz Plaza, a 43-story residential apartment building located in New York City’s Times Square. The building comprises 479 luxury units, as well as 30,000 square feet of retail and office space. Resident amenities include a fitness center, an indoor pool and a newly remodeled social center. The loan carries a 10-year term with a 5.34 percent fixed interest rate and 2 years of interest-only payments. Ralph Herzka and Abe Hirsch of Meridian secured the financing on behalf of the borrower, Stonehenge Management. The lender was Freddie Mac via the New York office of Walker & Dunlop.
QUINCY, MASS. — The Boston office of NorthMarq Capital has secured $5 million in mortgage financing for Bay Pointe Marina, a 271-slip marina located in Quincy. The facility features on-site winter boat storage, an indoor repair facility, an at-dock gas stations and a new marina clubhouse. The marina also contains Inn at Bay Pointe, a restaurant with banquet facilities and outdoor decking. Debbie Orloff arranged the loan on behalf of the owners of NorthMarq through The Bank of New England.
CHICOPEE, MASS. — Colliers Dow & Condon has completed a long-term lease for 56,000 square feet of warehouse space in Chicopee. The property is located at 77 Champion Dr. and is owned by Concord, Mass.-based Winstanley Enterprises. Valor One signed a lease for the property worth more than $1 million. Nicholas Morizio, Rich Abo, of Colliers Dow & Condon, along with Kevin Jennings of Springfield, Mass.-based Jennings Real Estate, represented the landlord in lease negotiations. The tenant was represented by John Reed of CB Richard Ellis.
WESTWOOD, N.J. — The Kislak Company has completed the sale of three apartment buildings comprising 42 residential units and one commercial space in Westwood. The sale included Hampton West Apartments, an 18-unit property with a medical office located 153 – 161 Third Ave.; Sutton Place Apartments, a 17-unit property located at 57 Crest St.; and Hampton East Apartments, a 7-unit property located at 19 Crest St. Hampton West Apartments sold for $2.85 million and Sutton Place Apartments and Hampton East Apartments sold together for $3.12 million. Each property consists of a three-story brick building with pitched mansard roofs, spacious one-bedroom apartments, on-site parking and laundry facilities. Matt Weilheimer of Kislak represented the seller in each transaction and also represented the purchaser, a private investor, of Hampton West Apartments. Joseph Keenan, also of Kislak, represented the purchaser, also a private investor, of Sutton Place Apartments and Hampton East Apartments.
NEW JERSEY — Summit Realty has been appointed the exclusive New Jersey broker for Sarku Japan’s new street development program. The national Japanese QSR chain is looking for 1,600- to 2,000-square-foot locations in Northern and Central New Jersey’s top trade areas. Demographic requirements include 35,000 people within 2 miles, and at least 10,000 daytime workers. The restaurant currently serves more than 20 million customers annually at over 200 restaurants nationwide, offering made to order teriyaki and sushi.
EDISON, N.J. — CresaPartners has completed a 32,408-square-foot lease expansion on behalf of Camp, Dresser & McKee, a consulting, engineering, construction, and operations firm. The tenant will be taking an expanded space on the sixth floor of Raritan Plaza I in Edison. Conveniently situated in Edison, New Jersey, near the Garden State Parkway, the New Jersey Turnpike, I-287 and Routes 1, 9, 35, and 440, Raritan Plaza I is a 262,500-square-foot Class A office building, which is located within Raritan Center. Raritan Center features the New Jersey Convention and Exposition Center, several hotels, three banks, a travel agency, a day care center, News 12 New Jersey, and a U.S. Post Office, as well the regional operations for both United Parcel Service and Federal Express. Dennis Gralla, James Scancarella, and Christopher Crooks of CresaPartners represented Camp, Dresser and McKee in the transaction, and Summit Associates was represented by Vincent Visceglia.
NEW YORK CITY — FirstService Williams has represented GDS Publishing in a 20,240-square-foot, long-term lease on the fifth floor at 40 Wall Street in Manhattan, New York City. GDS is relocating to the Trump owned and managed property from 12,000 square feet in its current U.S. headquarters at 33 Whitehall St. Jared Freede and Greg Wang of FirstService Williams orchestrated the deal. GDS is set to occupy the space later this year. FirstService Williams will be marketing the space at 33 Whitehall Street that GDS is leaving behind.
BOSTON — Skanska USA Building has completed a $74 million rehabilitation project at Harbor Towers, a 40-story luxury condominium complex comprising two towers located on Boston’s waterfront. Skanska served as program manager and oversaw the repair and replacement work for the rehabilitation. The project involved replacing more than 19,000 linear feet of corroded HVAC riser pipe and 1,872 fan coil units throughout the two buildings. The firm used 4D modeling to ensure accuracy and efficiency for each phase of the project. The two towers that make up Harbor Towers were designed by architect I.M. Pei and completed in 1971.
BERLIN, CONN. — Colliers Dow & Condon has brokered a lease transaction for Phase I of ARGO Center, located at 550 Wilbur Cross Pkwy. in Berlin. ABC Supply has signed a long-term, approximately 65,000-square-foot lease for its wholesale distribution operations. Nicholas Morizio of Colliers Dow & Condon facilitated the transaction. Leasing has also begun for future phase of the development. Phase II consists of three retail/industrial pad sites, and Phase III will consist of an 84,000-square-foot retail building.