NEW YORK CITY — New York City-based The Moinian Group has leased four spaces totaling approximately 33,000 square feet within 17 Battery Place, an office complex located in Downtown Manhattan. Community Access signed a 15-year lease for the entire ninth floor of 17 Battery Place North. It is relocating and expanding from its 17,000-square-foot office located at 666 Broadway. Mark Mandel and Carri Lyon of Cushman & Wakefield represented the tenant. Law firm Steve Krentsl & Jeff Guzman, Esq. signed a lease for 2,300 square feet at 17 Battery Place South. The tenant was represented by Charles Loscalzo of New York Commercial Realty Services. Finally, two existing tenants have renewed their lease and relocated within the property. Tethy’s Tech renewed and expanded its lease to 8,462 square feet at the south tower. Charity Folks renewed its lease for 1,200 square feet. In each of the four transactions, The Moinian Group was represented by Adam Leshowitz, Jamie Jacobs and Rob Sattler of Newmark Knight Frank.
NEW YORK CITY — New York City-based Massey Knakal Realty Services has brokered the sale of four contiguous apartment buildings, located at 526-546 E. 82nd St. in New York City, for $15.5 million. The six-story, walk-up buildings contain 106 residential units and one commercial unit. The units are a mix of market rate and rent controlled; they include 88 two-bedroom units, 17 one-bedroom units and one studio. Massey Knakal’s Tom Gammino and Paul Massey negotiated the transaction. Both parties were undisclosed. The properties traded at a 6.8 percent capitalization rate.
JERSEY CITY, N.J. — Hasbrouck Heights, N.J.-based DMR Architects has completed renovations at Hudson County Plaza, a seven-story, 340,000-square-foot office building located in Jersey City. Formerly the headquarters of Block Drug Company, the former office and lab building was converted by DMR into government offices for the Hudson County government, which acquired the property in 2004. Thirteen county offices relocated to the building, including the Hudson County Sheriff’s Department, the Department of Family Services, the County Clerk, the Superintendent of Elections and the Board of Elections. A chest clinic will also be located on the first floor. Additional construction consisted of building separate building entrances for employees and the public, as well as two additional elevators.
YORK, PA. — York-based ROCK Commercial Real Estate has arranged two leases in the York community of Springettsbury Township. First, ROCK represented York Container Co. in the leasing of 45,000 square feet of warehouse space at 2800 Concord Rd. In the second transaction, ROCK represented Super Shoes in the leasing of 20,000 square feet of retail space within York Marketplace at 2541 E. Market St. The landlords and terms of the leases were not disclosed.
TILDEN, PA. — Ironwood Property Group has purchased 63 acres of land in Tilden for the construction of Tilden Ridge, a 400,000-square-foot regional shopping center. Slated for a fall 2010 opening, the center will feature a 152,000-square-foot Wal-Mart, a 156,000-square-foot Lowe’s Home Improvement Store, 60,000 square feet of inline retail and five free-standing parcels. The site is situated at the intersection of Route 61 and 78. Glenn Marvin of Metro Commercial Real Estate is handling the leasing for the center.
HAMMONTON, N.J. — Gale Construction Co. is set to begin construction on New Jersey Manufacturers Insurance Company’s (NJM) new office campus in Hammonton. The first phase of the facility will feature a 146,000-square-foot, three-story office building with administrative offices, a call center, multi-purpose spaces, a large cafeteria, a central utility plant and a retail bank with a drive-up ATM. Completion is slated for fourth quarter 2010. The second phase, if needed, will be a 100,000-square-foot building that would interface with a three-story atrium from the first phase of construction. The project will be set on 56 acres.
PHILADELPHIA — Barneys New York CO-OP has opened its first Philadelphia location at 10 Rittenhouse Square. The retailer will showcase its wares in a nearly 10,000-square-foot space. Located at 1811-1813 Walnut Street, 10 Rittenhouse Square is a 33-story, 140 unit luxury condominium building.
NEW YORK CITY — The Community Preservation Corporation (CPC) and the New York City Department of Housing Preservation & Development (HPD) have provided an additional loan of $2.9 million for the renovation of two rental buildings in the Hamilton Heights section of Harlem in Manhattan, New York City. The two six-story buildings are located at 540-550 West 144th Street and contain 60 rental units. The original loan was $7.9 million, but CPC provided an additional $535,000 on its portion of the loan and HPD has provided an increase of $2,453,359 for the installation of a new elevator and new sheetrock, improvements not initially included in the scope of work. The developer is a Housing Development Fund Corporation, which is sponsored by the Urban Homesteading Assistance Board.
SARATOGA SPRINGS, N.Y. — Construction is advancing for the $18 million rehabilitation of Embury Apartments, an affordable senior housing community located in Saratoga Springs. Construction at the twin 14-story towers, which were built in 1972, will include the conversion of 32 studio units into 16 two-bedrooms units, bringing the community’s total to 192 units from 208. Additional improvements will include the removal and replacement of asbestos flooring, the replacement of all windows and interior insulation, the installation of handrails and ADA-approved bathrooms in common areas, and the addition of a wireless Internet hub. Embury Apartments is owned by The Wesley Community, with Omni Housing Development serving as co-developer for the rehab project. CK Dennis is providing design services, and MLB Construction Services is serving as general contractor. Completion is scheduled for summer 2010.
WORCESTER, MASS. — Boston-based NAI Hunneman has brokered the sale of Edgemere Gardens, a multifamily property located at 2 Pineland Ave. in Worcester, for $1.55 million. The property comprises a brick, walk-up apartment building containing 17 two-bedroom units and seven one-bedroom units. Carl Christie and Dan McGee of NAI Hunneman represented the seller, Hogan Children’s Trust, and procured the buyer, Pineland Partners LLC.