NEW YORK CITY — GFI Realty Services has arranged the sale of a five-story, walk-up apartment building, located at 462 137th St. in the Bronx, New York City, for $1.22 million. The building contains 20 units in a mix of three and four bedrooms. Three of the units are rent controlled and the remaining units are rent stabilized. Shlomo Antebi and Matthew Sparks of GFI represented both local parties in the transaction.
PORT CHESTER, N.Y. — The New York Metro regional office of NorthMarq Capital has secured $1.25 million in first-mortgage financing for a 20,865-square-foot multi-use property located at 225 Westchester Ave. in Port Chester. The property comprises 12,865 square feet of office space, as well as an 8,000-square-foot restaurant. Tenants include Poko Management, Saverio Terenzo, Weissman Management and JRJ Restaurant. The loan includes a 5-year term with a 25-year amortization schedule, as well as a 6.12 percent, non-recourse interest coupon. The loan was arranged by NorthMarq’s Thomas Graf and Bruce Whipple on behalf of the borrower, Weissman Management Corp. The lender was a private, New York-based bank.
FAIRFIELD, N.J. — Bergman Real Estate Group has completed a 37,100-square-foot lease at 155 Passaic Avenue, a Class A office property located in Fairfield. Science Applications International Corp. (SAIC) will occupy two of the building’s four floors. John Osborne of Bergman represented the undisclosed landlord in lease negotiations. Steven Fleming of Jones Lang LaSalle represented SAIC. The building contains 88,000 total square feet of office space.
FARMINGDALE, N.Y. — Massey Knakal Realty Services has brokered the sale of a 5,550-square-foot retail center, located at 968-976 Fulton St. in Farmingdale, for $800,000. The corner strip center contains five tenants with below-market rents. Massey Knakal’s Lev Kimyagarov represented the seller. Both parties were undisclosed.
WEST HARTFORD, CONN. — Winstanley Enterprises is set to begin construction on Elmwood Square in West Hartford. The retail/office development will feature 73,000 square feet of retail space. The project is located at 176 Newington Rd. Stop & Shop and Crazy Bruce’s Liquors have recently singed long-term leases for space at the retail center. Nicholas Morizio of Colliers Dow and Condon represented both parties in the lease transaction. The developer plans to begin construction in the fall and expects to spend $12 million on the demolition and clean-up of the former factory site. Completion is slated for 2010.
BOSTON — Jones Lang LaSalle has completed the interior build out of approximately 300,000 square feet of first class office space for Eaton Vance Corp. at Two International Place in Boston. Comprised of 10 floors, the build out features state-of-the-art trading desks, a full-service café with kitchen, a training facility, reception areas, informal interactive meeting areas, conference rooms, and energy efficient lighting and fixtures. The new office will serves as Eaton Vance’s new world headquarters, a move that consolidates 800 employees from multiple downtown locations. The project was overseen by Jones Lang LaSalle’s Project and Development Services (PDS) team, which is comprised of Alfred Woods and Stephen Senna. Bill Motley and Debra Gould, formerly of Jones Lang LaSalle, represented Eaton Vance during lease negotiations. The corporate interior was designed by CBT Architects. Shawmut Design and Construction served as the construction manager.
YONKERS, CARMEL AND NEW YORK CITY, N.Y. — NAI Friedland Realty’s Ross Schneiderman recently closed three transactions in New York. Schneiderman completed the $4 million sale of 16 Harrison Ave. in Yonkers. He represented both the seller, Mom & Pop Holding Corp., and the buyer, Kimber Manufacturing, in the deal. In the Bronx in New York City, he negotiated a 23,500-square-foot lease at 940 East 149th St. Schneiderman brokered the deal between the landlord, Ted Wolsky, and the tenant, Anfesil LLC. In Carmel, Schneiderman negotiated a 40,000-square-foot lease at 1 Hughson Rd. He brokered the deal between Palumbo Sand & Gravel, the landlord, and Collin Brothers Worldwide, the tenant.
NEW YORK CITY — Levien & Company has completed a 20,000-square-foot renovation project at 860 Courtlandt Ave. in the Bronx in New York City, for The Bronx Defenders, a Bronx-based not-for-profit organization that provides holistic criminal and family defense services to the borough’s indigent population. The site, which was a former steakhouse, was redesigned to allow for maximum use of the space. The new design includes walls painted in shades of green, purple and orange, and the installation of a spiral staircase. The restaurant cellar was transformed into offices. Glass blocks were integrated throughout to create better lighting. The lobby features murals painted by elementary school students from the nearby Public School 29, a participant in The Bronx Defenders’ Community Arts Exchange program. The project team included Alta Indleman as the architect, Jack Green & Associates as the engineer and Excel Contracting as the general contractor.
NEW BRUNSWICK, N.J. — Marcus & Millichap has brokered the $1.5 million sale of a 20-unit apartment property located in New Brunswick. Located on Quentin Avenue, the facility features 14,000 rentable square feet with 13 one-bedroom apartments and seven studio apartments. The property also offers onsite parking. Maz Radwan of Marcus & Millichap’s New Jersey office, marketed the exclusive listing on behalf of the seller, a local investor, and he procured the buyer, also a local investor.
WALTHAM, MASS. — National Grid has held the grand opening of its New England corporate office, located within Reservoir Woods East office park at 40 Sylvan Rd. in Waltham. The three-story building will contain 312,000 square feet of space and is applying for LEED-Gold certification. Sustainable features include occupancy and daylight level lighting sensors, energy-efficient HVAC systems with carbon dioxide sensors, low-flow fixtures, a rainwater recycling program, a reflective white roof with 20,000 square feet of solar panels, shading devices on south-facing sections of the building, sustainable and low-emitting construction materials, and a construction waste recycling program. National Grid plans to consolidate the company’s New England offices into the new building. The company will begin moving immediately, and will complete the move by July. The project was developed with assistance by Reservoir Woods’ developer, Davis Marcus Partners. The project manager was Jones Lang LaSalle; the building architect was ADD Inc; the interior designer was Sasaki Architects; and the construction manager was John Moriarty & Associates.
