LEVITTOWN, PA. — Marcus & Millichap has brokered the sale of Avalon Court Apartments, a 120-unit, garden-style apartment community located in Levittown. Situated on 6 acres on Bristol Oxford Valley Road, the property contains 11 three-story brick buildings. Clark Talone and Ridge MacLaren of Marcus & Millichap’s Philadelphia office represented the seller, Avalon Partners, and procured the buyer, a regionally based partnership. The acquisition price was not disclosed.
NEW YORK CITY — Brooklyn, New York City-based Kalmon Dolgin Affiliates (KDA) has arranged the sale of a 30,000-square-foot manufacturing building, located at 27-02 Skillman Ave. in the Long Island City neighborhood of Queens, New York City, for $7 million. The two-story property features a freight elevator, heavy power capacity, multiple loading docks and 20,000 square feet of air rights. The buyer, United Air Conditioning, plans to use the ground floor of the facility for manufacturing and the second floor for offices. Dmitri Gourianov of KDA represented the United Air Conditioning. The seller, Dallek Inc., was represented by Joshua Zellner of Zellner Realty.
WATERBURY, CONN. — R. Calabrese Agency has completed the sale of Fair Oaks Center, a 47,000-square-foot inline retail center located at 708 Wolcott St. in Waterbury, for $4.57 million. The property is anchored by Aaron’s Rents Furniture Store; additional tenants include Hertz Rent-A-Car, American Automobile of Connecticut, FYE and Play It Again Sports. Bob Bowden of R Calabrese Agency negotiated the transaction between the seller, Waterbury-based Deeken Associates, and the buyer, Long Island, N.Y.-based Malachite Group Ltd.
HACKENSACK, N.J. — Livingston, N.J.-based Gebroe-Hammer Associates has arranged the sale of The Carlyle, a 13-story apartment tower located in Hackensack, for $23.55 million. Located at 380 Prospect Ave., the property features 128 residences in a mix of one- and two-bedroom units. Building amenities include laundry facilities, a 24-hour doorman, a swimming pool and on-site parking. Occupancy was more than 98 percent at the time of closing. Ken Uranowitz, Greg Pine and Steven Follman of Gebroe-Hammer represented the seller, Hekemian & Co., and procured the buyer, a New Jersey-based investment group.
EAST BRUNSWICK, N.J. — Sheldon Gross Realty has negotiated the sale of a 63,000-square-foot industrial property located at 34 Kennedy Blvd. in East Brunswick. The facility features two loading docks, 50 parking spaces and 5,500 square feet of office space. Jonathan Glick of Sheldon Gross represented the seller, Cathay Import & Export, in this transaction and in the company’s relocation to another East Brunswick facility. The property was acquired by a subsidiary of Vahl Inc., which was represented by Alliance Real Estate Group.
NASHUA, N.H. — Bedford, N.H.-based Eckman Construction has completed AHEPA 35 Manor, a $4.3 million senior housing project located in Nashua, on behalf of the American Hellenic Educational Progressive Association. Construction consisted of a 38-unit apartment building for low-income elderly and handicapped residents. The building features several units that are handicap accessible. The project was designed by Colchester, Conn.-based Peter W. Argiros Architecture. It was funded through the Section 202 program of the U.S. Department of Housing & Urban Development.
JERSEY CITY, N.J. — EnviroFinance Group has provided $27.5 million in financing for the acquisition and remediation of Liberty Harbor North, a 2.7-acre waterfront brownfield site located in Jersey City. The borrower, Statue of Liberty Harbor North Redevelopment Urban Renewal LLC, plans to clean up the site and subsequently develop it into a 564,000-square-foot hotel and residential property. It will feature a 313-room Conrad Hilton hotel, as well as 470 for-sale and rental condominiums. Completion of the clean up is expected to take less than 1 year; the hotel/residential project is slated for completion in 2012.
MOUNT VERNON, N.Y. — United Stor-All Centers has purchased an 84,000-square-foot industrial building in Mount Vernon for $4.2 million. Located at 320 Washington St., the property will be converted into a mini-storage facility with a 13,000-square-foot parking lot. Tony Lembeck of NAI Friedland Inc. represented the buyer; Peter Cokin, also of NAI Friedland Inc., represented the seller, Premier Storage Solutions of Mount Vernon, in the transaction.
EAST BRUNSWICK, N.J. — Dicken LLC, a subsidiary of Vahl Inc., has acquired 34 Kennedy Boulevard, a 63,000-square-foot warehouse facility in East Brunswick. The seller, Cathay Import & Export Ltd., expanded the original 21,000-square-foot building by constructing a 42,000-square-foot two-story addition. The facility features two loading docks, a 50-car parking area and 5,500 square feet of office space. Alliance Real Estate Group represented the buyer; Jonathan Glick of Sheldon Gross Realty Inc. represented the seller in the transaction.
SPRINGFIELD, VT. — Ted Sidel and Brian Sheehan of Boston-based EagleBridge Capital have arranged $2 million in construction and permanent financing for the Springfield Shopping Center, which is located on River Street in Springfield. When complete, the center will consist of two buildings totaling 21,830 square feet. Current tenants of the 12,730-square-foot first building include Sherwin Williams, Enterprise Rent-A-Car, Springfield Hospital and Vermont Golden Eagle Restaurant. Dollar General will occupy the second building, which totals 9,100 square feet.