SEAFORD, DEL. — Stan Johnson Co. (SJC) has brokered the sale of a 19,086-square-foot Tractor Supply Co. located in Seaford for $3.04 million. Gill Warner of SJC represented the seller, a private retail developer. Robert Rubin of NAI James E. Hanson represented the buyer, an individual investor.
TEANECK, N.J. — Alfred Anzari Enterprises has completed a $6 million renovation project at its Glenpointe mixed-use property in Teaneck. Construction primarily occurred on the office component of the property. Glenpointe Centre East received a redesign of the lobby's waterfall, the addition of wood-paneled walls and ceilings, new seating areas and lighting upgrades. Glenpointe Centre West received new granite flooring and an updated color scheme. Finally, The Atrium at Glenpointe received new carpeting and columns in the cafeteria, new ceilings and lighting throughout the building, and a new glass-walled WiFi lounge with a tropical fish tank. Glenpointe consists of approximately 650,000 square feet of office space, 164 residential condominiums, a hotel and a spa.
ENFIELD, CONN. — The Crowne Plaza Enfield Springfield, a 174-room, full service hotel located off of Interstate 91 in Enfield, has been sold. The hotel features an outdoor swimming pool, a restaurant and lounge, banquet and meeting space, and a business center. A California-based owner/user bought the property and plans to convert it into a Holiday Inn. Joe McCann of Philadelphia-based Optimum Hotel Brokerage represented the undisclosed seller in the transaction.
RYE BROOK, N.Y. — Freddie Mac has purchased a $46.8 million loan from PNC ARCS secured by Atria Rye Brook, an independent senior housing community located in Rye Brook. The 168-unit community contains a mix of studio, one- and two-bedroom residences. Amenities include a beauty parlor, a fitness center, activity rooms, dining rooms and a lounge. It was built in 2004. The transaction will allow the property's owner, an affiliate of Lazard Senior Housing Partners, the ability to refinance the property.
BRANFORD, CONN. — Branford,-based The Geenty Group, Realtors, has brokered the sale of a 10,000-square-foot warehouse located at 140 N. Branford Road in Branford for $800,000. Kristin Geenty and Kevin Geenty of The Geenty Group represented the buyer, Vigliotti Construction Co., as well as the seller, GHM, Inc. The buyer plans to renovate the facility and relocate its corporate offices to it.
CALDWELL, N.J. — Marcus & Millichap has negotiated the sale of a 6,175-square-foot retail property located in Caldwell for $1.25 million. Seth Pollack of Marcus & Millichap's New Jersey office represented the seller, a local retail developer. David Thurston, also of Marcus & Millichap, represented the buyer, a local investor participating in a 1031 exchange.
BEDFORD, MASS. — Newton, Mass.-based Diversified Project Management has been selected by Acme Packet to provide project management services for the build-out of the company's new Bedford headquarters. Acme has signed a lease that will relocate its operations from 75,000 square feet of space in Burlington, Mass., to 123,000 square feet at 100 Crosby Drive in Bedford. As part of the lease, Acme has the option to expand by 20,000 square feet. The interior build-out of the office and engineering space is expected to be complete in March, with occupation expected in June. Dyer Brown Architects is designing the project and Chapman Construction is the general contractor. Bradford Spencer of Grubb & Ellis represented Acme in lease negotiations.
HAZLETON, PA. — A new Candlewood Suites hotel has opened in Hazleton. Owned by American Hotel Development Partners, the five-story hotel contains 124 suites featuring fully equipped kitchens, executive desks and free high-speed Internet access. Hotel amenities include a fitness center and complimentary guest laundry. It is being managed by Harris Hotel Group.
NEW YORK CITY — Massey Knakal Realty Services has brokered the sale of an approximately 7,440-square-foot medical office building located in the Bay Ridge neighborhood of Brooklyn, New York City, for $2.6 million. The building, which is situated at 370 Bay Ridge Parkway, contains eight units and approximately 2,400 square feet of development rights. In addition, the sale included a 4,650-square-foot land parcel that will be used as a parking lot. Matthew Giordano, Stephen Palmese and David Simone of Massey Knakal handled the transaction between the undisclosed seller and the buyer, a physician who will also serve as the main tenant of the building.
SOUTHPORT, CONN. — Clearview Investment Management has acquired a partially completed component of Southport Green, a 64,600-square-foot mixed-use project located in Southport. Included in the sale is an approximately 40-room hotel, a restaurant, office space and luxury residential units. Clearview plans to complete the components and operate the hotel, which will open next spring under the name Delamar Southport. The CB Richard Ellis team of Jeffrey Dunne, Steven Bardsley, Christopher Leonard and David Gavin represented the undisclosed seller and procured Clearview. The sale price was not disclosed.