NEW YORK CITY — New York City-based The Sapir Organization has leased 65,000 square feet of office space to Interactive Data Corp. (IDC) within Manhattan’s 100 Church Street building. IDC will initially occupy 51,000 square feet of the tower, followed by 14,000 additional square feet on the 11th floor during the next 5 years. It will relocate 212 employees within its Pricing & Reference Data division to the new office from its current midtown Manhattan offices. IDC plans to take occupancy in November. CB Richard Ellis’ Stephen Siegel, Howard Fiddle, Brad Gerla, Zachary Freeman and Gerry Miovski represented the landlord. Richard Berzine, Robert DeAngelis and Richard Fenn of Richard Berzine & Co. represented the tenant. The 100 Church Street building is a 21-story, 1.12 million-square-foot office tower that was built in 1958 and is currently undergoing a multi-million dollar capital improvements program. Tenants in addition to IDC include Niche Media, Regus HQ, New York City Law Department, New York City Mayor’s Office and CCA.
LEONIA, N.J. — Ridgewood, N.J.-based Poskanzer Skott Architects has begun a renovation and expansion project for Bergen Equestrian Center, located at 40 Fort Lee Rd. in Leonia. Construction will encompass the existing clubhouse and staff quarters. The equestrian center has recently undergone renovations, which were designed by RSC Architects. Poskanzer Skott will be providing full design services for this newest renovation project. The construction timetable was not released.
CLAYMONT, DEL. — Woodbridge, N.J.-based The Kislak Company has completed the sale of East Pointe Apartments, a 206-unit multifamily community located at 2610 Philadelphia Turnpike in Claymont, for $12.8 million. East Pointe Apartments contains one-, two- and three-bedroom units, as well as a 10,000-square-foot retail building with five suites and two garages. All units have been recently upgraded with new windows and carpeting, and some units have received new kitchens and bathrooms. Occupancy was 94 percent at the time of closing. Kislak’s Robert Holland represented the seller, a joint venture between White Plains, N.Y.-based Houlihan-Parnes Realtors and Great Neck, N.Y.-based CLK Properties. Kislak also represented the buyer, East Pointe Associates LLC, a subsidiary of Geller Associates.
JERSEY CITY, N.J. — A joint venture between New York City-based The LeFrak Organization and Melvin Simon & Associates has held the grand opening for The Westin Jersey City Newport, a 429-room hotel located at 479 Washington Blvd. in Jersey City. The hotel features 15 suites, a fitness center with a heated indoor pool and whirlpool, a lobby lounge, dining options and 20,500 square feet of meeting space. The hotel is part of LeFrak’s Newport master-planned community and is located adjacent to the1.2 million-square-foot Newport Centre Mall.
TRUMBULL, CONN. — New Boston Fund has leased 45,615 square feet of office space to Sun Products Corp. in Trumbull. Sun Products will occupy the entire building, which is located at 30 Trefoil Dr. within Trefoil Corporate Park, for a 15-year term. The building will undergo a complete renovation to accommodate Sun Products’ needs. The facility will be used by the company for the research, development, testing and quality control of its laundry detergent product line. Cushman & Wakefield’s (C&W) Tom O’Leary represented New Boston Fund in lease negotiations, while C&W’s Gregory Frisoli represented Sun Products Corp. New Boston Fund originally acquired the five-building Trefoil Corporate Park in 1998.
RANDOLPH, MASS. — Uniondale, N.Y.-based Arbor Commercial Funding has arranged a $2.69 million loan for the refinancing of Thompson Drive, a 24-unit multifamily community located in Randolph. The loan carries a 10-year term with a 30-year amortization schedule and a 6.51 percent interest rate. The loan was funded under the Fannie Mae DUS Small Loan product line. The borrower was not disclosed.
ORANGE, CONN. — Orange-based Fischer Real Estate has brokered a 40-year ground lease for 22 acres located at the interchange of Interstate 95 and Marsh Hill Road in Orange. The tenant, United Illuminating Co., plans to construct a new 140,000-square-foot corporate headquarters on the site. Alan Fischer of Fischer Real Estate represented the landlord, the Foyer family, while Les Cranmer of the Philadelphia office of Studley represented United Illuminating. In addition to the initial 40-year term, the lease contains a 40-year extension option, as well as a limited-condition purchase option. United Illuminating recently purchased the 34-acre former Showcase Cinema site located adjacent to the 22-acre parcel. Both sites will be used to consolidate the company’s operations.
WETHERSFIELD, CONN. — The White Plains, N.Y., office of Sperry Van Ness (SVN) has brokered the sale of Goff Brook Shops, a 71,493-square-foot community shopping center located in Wethersfield, for $6.8 million. The property, which is located at 1267-1309 Silas Deane Highway, is currently 84 percent leased to 12 tenants, including Office Depot, Home Town Buffet and Catherine’s Plus Sizes. Joseph French and Neil Golub of SVN represented the seller, New York-based Centro Properties. The buyer, a Connecticut-based private investor, was represented by New England Retail Properties.
COLUMBIA, PA. — The Boston office of Love Funding has arranged a $4.81 million loan for the refinancing of St. Peter Apartments, a 127-unit multifamily property located in Columbia. Love Funding’s Leonard Lucas originated the loan on behalf of the undisclosed borrower. The loan was secured through the HUD 202/223(f) loan program. It includes a 6.03 percent fixed interest rate and a 26-year amortization schedule.
PHILADELPHIA — Raymour & Flanigan Furniture has signed a lease for 35,308 square feet at Columbus Commons, a 643,810-square-foot retail center located at the corner of Columbus Boulevard and Snyder Avenue in the Center City submarket of Philadelphia. The furniture store plans to open it newest location in June. It marks the retailer’s third location in Philadelphia and its 88th store nationwide. Raymour & Flanigan operated in seven states located in the Northeast. Columbus Commons was developed by Blue Bell, Pa.-based The Goldenberg Group and opened in summer 2004. Additional tenants include IKEA, Lowe’s Home Improvement Warehouse and Champps Americana.