FREEPORT, MAINE — Boston-based Berenson Associates has announced three new retailers and a new restaurant for Freeport Village Station, a 120,000-square-foot outlet retail center located in Freeport. New retailers include Coach Factory Store, Pac Sun and Sunglass Hut. Linda Bean’s Perfect Main Lobster Roll will also be opening its first restaurant at the project. Tenants already announced at Freeport Village Station include L.L. Bean Outlet, Nike Factory Store, Brooks Brothers Factory Store, Calvin, Klein, Van Heusen and IZOD. Upon completion in May, the project will feature more than 30 retailers and restaurants, as well as a 550-space parking deck. It was designed by Somerville, Mass.-based Arrowstreet. In addition, Cole Haan has announced renovations plans for its nearby location, which include a new entrance directly onto the plaza level of Freeport Village Station.
DEDHAM, MASS. — Two fashion retailers have joined the tenant roster at Legacy Place, a 675,000-square-foot, open-air lifestyle center currently under construction in Dedham. Swedish fashion retailer H&M and Brooks Brothers Country Club have signed leases for space within the center, which is scheduled to open in the summer. They will join a tenant roster that includes Whole Foods Market, L.L. Bean, Showcase Cinema de Lux, Borders, King’s Bowling & Billiards, Apple, Anthropologie and Ruth’s Chris Steakhouse, among others. Legacy Place is being developed by Chestnut Hill, Mass.-based WS Development Associates.
SHREWSBURY, MASS. — Integrated Builders has been selected to construct a 2,000-square-foot laboratory at 800 Boston Turnpike in Shrewsbury. The space will be built for Valeritas, a Parsippany, N.J.-based medical technologies company with offices in Shrewsbury. The lab will include a modular clean room. Last year, Integrated Builders completed a 20,679-square-foot project at the same facility for Valeritas. Integrated was selected by the building’s landlord, Vinco Properties, to complete the Valeritas build-out and reposition the 50,000-square-foot building.
HOBOKEN, N.J. — Construction has been completed for Garden Street Lofts, a $16.8 million residential redevelopment project located in Hoboken. The project consisted of the conversion of a former coconut processing and storage warehouse first constructed in 1919 into 30 loft-style condominiums. A seven-story, 35,054-square-foot addition was built onto the existing 42,888-square-foot building. Garden Street Lofts features one-, two- and three-bedroom units, as well as 7,500 square feet of ground-floor retail space. It is applying for LEED-Silver certification, which would make it the only LEED-certified residential building in Hoboken upon receiving the designation. The project is currently 50 percent sold. Garden Street Lofts is owned by Bijou Properties LLC. The general contractor was Del-Sano Contracting Corp. and the project architect was Sharples Holden Pasquarelli Architects.
GETTYSBURG, PA. — Hunter Realty Associates has brokered the sale of an 80-room Comfort Inn, located at 871 York Rd. in Gettysburg, for $4.7 million. The hotel features an indoor pool and a business center. The buyer, Zrii LLC, plans to complete minor renovations to the property. The seller was Supertel Hospitality.
SALISBURY, MASS. — Portsmouth, N.H.-based The Kane Company has completed the sale of a 21,000-square-foot industrial building located within Salisbury Industrial Park at 5 Fanaras Dr. in Salisbury. The buyer, ProDev Inc., had been previously headquartered in Seabrook, N.H., but was looking to expand. Anthony Triglione of The Kane Company negotiated the off-market transaction between ProDev and the seller, Salisbury Industrial Park LLC. The acquisition price was not disclosed.
NEWARK, DEL. — GPX Realty Partners has arranged a 20,319-square-foot office lease on behalf of BE&K at University Office Plaza, located at 258 Chapman Rd. in Newark. Terms of the lease were not disclosed. BE&K is an industrial engineering, construction and maintenance company. University Office Plaza consists of six, two-story office buildings totaling 183,629 square feet. The property has recently received property upgrades, including new interior and exterior finishes, new signage, roof repairs, new HVAC systems and a surface repaving.
NEW YORK CITY — A partnership between Jonathan Rose Cos. and The Fortune Society has broken ground for the construction of a $42 million affordable housing complex located at 625 W. 140th St. in West Harlem, New York City. The 114-unit building is located adjacent to The Fortune Academy, a complex run by The Fortune Society that provides transitional housing and services for formerly incarcerated men and women. The new project will provide affordable housing for Fortune Society and the surrounding Harlem community, as well 20,000 square feet of program space for Fortune Society. In addition, the project is applying for LEED-Gold certification. Sustainable features include a green roof with a rooftop garden and a rainwater harvesting system, aluminum solar shades on the building’s south-facing façade, toxin-free paints and materials, and high-efficiency mechanical systems. The project is being developed jointly by Jonathan Rose Cos. and The Fortune Society. The project architect is Curtis + Ginsberg Architects and the general contractor is Lettire Construction. Completion is expected in mid-2010.
PHILADELPHIA — Livingston, N.J.-based Gebroe-Hammer Associates (GHA) has completed two multifamily sales for a total of $3.1 million. The first property, The Marsden Apartment, is a 32-unit community located at 8532-8552 Marsden St. The second property, Palmar Apartments, is a 25-unit community located at 5926 Bustleton Ave. The former property traded for $1.85 million and the latter traded for $1.25 million. GHA’s Eli Rosen represented the seller, Marsden-Palmer Management, and procured the private buyer in both transactions.
QUAKERTOWN, PA. — The Annapolis, Md., office of Tremont Realty Capital has arranged a $9.36 million loan for the refinancing of Richland Meadows, a 70-acre, 406-unit manufactured housing community located near Interstate 476 in Quakertown. John Chase of Tremont originated the financing through one of Tremont’s correspondent lenders. Terms of the loan include a 10-year term, non-recourse, with a 65 percent loan-to-value ration and a 6.4 percent interest rate. The borrower was not disclosed.