BILLERICA, MASS. — The Gutierrez Company has acquired an office/R&D property in Billerica from New Boston Fund. The two-story, 139,180-square-foot building is located at 1000-1200 Technology Park Drive. It was constructed in 1982 and renovated in 2004. Robert Griffin, Jr., David Pergola, Christopher Griffin, Brian Doherty and Torin Taylor of Cushman & Wakefield represented New Boston Fund in the transaction.
SECAUCUS, N.J. — Production Resource Group (PRG) has signed a lease for 220,000 square feet of office and warehouse space at 915 Secaucus Rd. in Secaucus. The tenant is consolidating and expanding its existing facilities in Mt. Vernon, N.Y., and North Bergen, N.J., into the new space, which will serve as its new Northeast headquarters. Stan Danzig and Stephen Elman of Cushman & Wakefield represented the tenant in lease negotiations. The landlord, Hartz Mountain Industries, represented itself in-house with Charles Reese.
NEW YORK CITY — The New York Compensation Insurance Rating Board (NYCIRB) has signed a 15-year lease for approximately 45,000 square feet at 733 3rd Ave. in New York City. The tenant will be expanding from its previous offices, which are located at 655 3rd Ave. The Durst Organization is the landlord of both properties and will be marketing the space at 655 3rd Ave., since NYCIRB has 2 years remaining on its lease there. The space at 733 3rd Ave. will be ready for occupancy by the end of the year. James Gross of Williamson Picket Gross represented NYCIRB in lease negotiations. Durst provided in-house representation. Stroock & Stroock & Lavan LLP provided legal representation on behalf of NYCIRB, and Patterson Belknap represented Durst.
NEW YORK CITY — Construction is currently under way for the headquarters building of American Stock Transfer & Trust in Brooklyn, New York City. The project will focus on making the 145,600-square-foot building more sustainable. Energy-efficient mechanical, electrical and HVAC systems will be installed. The four-story building will also make better use of natural light. Other renovations will include a redesign of the building's façade, a new main entrance and new office layouts. W. Lerman Architects is designing the project. Completion is slated for the fourth quarter.
LAWRENCE, MASS. — Centerline Capital Group has secured $10.6 million in Freddie Mac financing for a new multifamily project located in the Boston suburb of Lawrence. Legacy Park contains a total of 104 townhome and apartment units. It was completed in March of this year. The loan carries a 10-year term. Steven Cox, Joshua Messier and Ian Monk of Centerline's newly opened Boston office arranged the deal.
NEW YORK CITY — Aragon Construction has begun the tenant build-out for European Investor's new office at Rockefeller Center in New York City. The tenant will occupy 20,000 square feet on the eighth floor of the building, which is located at 640 Fifth Ave. Ted Moudis Associates is serving as project architect. European Investors is currently located at 717 Fifth Ave. and will take occupancy upon completion of the build-out in September. Rockefeller Center stands 22 stories tall and houses tenants such as H&M, Citibank and Fidelity Investments.
HADLEY, MASS. — Supermarket chain ALDI has acquired a 2-acre land parcel within Hadley Corner Shopping Center in Hadley for the construction of a new location. Construction has already commenced, with the grand opening expected in late fall. Matt Halprin of New England Retail Properties represented the seller, Gator Pearson LLC, in the land deal. Tim McNamara of Sullivan Hayes Cos. represented ALDI. Hadley Corner Shopping Center is situated along Route 9. It contains 49 acres of retail space and is anchored by The Home Depot.
NORTHPORT, N.Y. — Construction is complete for Northport Commons, a 19,000-square-foot multi-use center located in Northport. Situated at the intersection of Fort Salonga and Rinaldo roads, the two-story project contains 9,000 square feet of retail space on the first floor. Tenants include Subway, La Casa Pizza, Happy Farms Fruit, a yoga center, a coffee shop and a convenience store. The 10,000-square-foot top level of the building is leased to chid care center The Learning Experience. The project architect for Northport Commons was Livingston, N.J.-based Jarmel Kizel Architects & Engineers.
NEW YORK CITY — GFI Realty Services has brokered the sale of a Brooklyn apartment building for $2.29 million. The four-story, walk-up property is located at 1202 66th St. in the borough's Bensonhurst neighborhood. It contains 19 units, all of which are rent stabilized. Rick Helfand of GFI represented the seller, and Erik Yankelovich, also of GFI, represented the buyer. The deal was completed as part of a 1031 exchange.
MANLIUS, N.Y. — Realty USA has acquired a 20,000-square-foot, Class A office building in Manlius for $1.72 million. Located at 102 W. Seneca Turnpike, the building houses medical and professional office space. The lead tenant is Internist Associates of Central New York. Realty USA plans to occupy the building's vacant 5,000 square feet of space. Peter Finn of CB Richard Ellis/Syracuse represented the seller, a Syracuse, N.Y.-based investment group. Louie Fournier of Sutton Real Estate assisted in the deal.
