NEW YORK CITY — New York City-based Winoker Realty Co. has brokered the sale of a 2,578-square-foot office condominium, located at 820 Second Ave. in New York City for approximately $2 million. The office condo is located within The Diplomat Center, a 19-story office building located within walking distance to the United Nations building. The property was acquired by the Delegation of the Basque Country in the United States; it marks the delegation’s second U.S. location. Jonata Dayan of Winoker Realty represented the Basque Country Delegation in the transaction; the building’s owner, Phillips International, was represented by Scott Klau and Theodore Philips of Newmark Knight Frank.
BERKLEY HEIGHTS, N.J., AND KINGSTON, N.Y. — The Hampshire Companies has purchased a self-storage property in Berkley Heights, and announced plans to develop a retail building in Kingston. The 98,170-square-foot self-storage facility is located at 310 Snyder Ave., and was acquired from Tuckaway Mini Storage. The 8,400-square-foot retail building will be located at 539 Albany Ave., and will be occupied by Quick Check Corp., which signed a long-term lease. The transactions were made on behalf of Hampshire Partners Fund VII, the company’s real estate investment fund.
CAMBRIDGE, MASS. — Boston-based Colliers Meredith & Grew (CMG) has brokered the sale of a 148,116-square-foot biotechnology portfolio located in the Cambridgeport neighborhood of Cambridge for $90.5 million. The portfolio consists of four properties: a 48,000-square-foot building located at 185 Albany St.; a 48,000-square-foot property located at 195 Albany St.; a 37,116-square-foot property located at 149 Sidney St.; and a 15,000-square-foot building located at 148 Sidney St. The properties are all fully occupied by four tenants: the Massachusetts Institute of Technology (MIT), Cubist Pharmaceuticals, Shire Pharmaceuticals, and Acceleron Pharma. Lisa Campoli, Joe Flaherty, Tom Hynes and Nick Herz of CMG represented the seller, a private family trust, and procured the buyer, MIT.
NEW YORK CITY — New York City-based Anbau Enterprises has completed construction of Harsen House, a 16-story luxury condominium building located at 120 W. 72nd St. on the Upper West Side of Manhattan, New York City. The project includes 17 residences, consisting of 1,500-square-foot, two-bedroom homes; 3,300-square-foot, full-floor, four-bedroom apartments; and a 4,700-square-foot, seven-bedroom duplex. Harsen House is also the first residential building to register for LEED certification on the Upper West Side. Additionally, Sleepy’s The Mattress Professionals has signed a 4,000-square-foot lease for the building’s ground-floor retail space.
MANAHAWKIN, N.J. — The grand opening has been held for a 156,000-square-foot Costco located at 200 Stafford Park Blvd. in Manahawkin. The wholesale warehouse chain is located within the retail component of Stafford Park, a mixed-use redevelopment project that is currently under development by The Walters Group. Costco will join Target, Best Buy, Dick’s Sporting Goods and PetSmart in the power center portion of the retail component. Costco is the first retail tenant to open in Stafford Park’s retail center, which should be fully open by 2009.
NEW YORK CITY — Red Apple Real Estate has broken ground for the first phase of its Myrtle Avenue residential development located in the Fort Greene neighborhood of Brooklyn, New York City. The first phase of the project will include approximately 85,000 square feet of residential apartments and approximately 22,000 square feet of retail space. Potential retail tenants include a pharmacy and a neighborhood grocery store. The project will ultimately contain three low-rise residential buildings bounded by Ashland Avenue and Prince Street, and one high-rise building between Prince Street and Flatbush Avenue.
GREECE AND WEBSTER, N.Y. — The Upstate New York office of NorthMarq Capital has arranged an $18 million loan for the refinancing of two New York apartment communities. The first is Holyoke Park, a 720-unit property located in Greece, and the second is Country Manor, a 328-unit property located in Webster. Terms of the loan include a 30-year amortization schedule and 5-year fixed interest rates averaging 4.83 percent. The borrower is The Farash Corporation and the lender is Freddie Mac.
NEW YORK CITY — Eastern Consolidated has brokered the sale of a 12-story office building, located at 29 W. 36th St. in the Midtowns Garment Center district of Manhattan, New York City, for $29 million. The building contains 82,000 square feet of office space. The buyer, Broadway 36th Realty, plans to upgrade the property and continue operation as an office building. Brian Ezratty and Scott Ellard of Eastern Consolidated represented the seller, Clemons Management Corp. Ezratty also procured the buyer.
PHILADELPHIA — Woodbridge, N.J.-based Onyx Equities has sold an 84,471-square-foot warehouse and distribution facility located at 3501 Island Ave. in Philadelphia. The property, which was formerly occupied by BOC Gases, features 19,000 square feet of office space, 24-foot clear ceiling heights, 10 tailgates, one drive-in door and expansion capability. Onyx was represented by Daniel Loughlin, Brian Knowles, Harry Thomes and Jon Compitello of The Staubach Company. The property was acquired by a Philadelphia-based real estate company for an undisclosed amount.
NEW YORK CITY — Construction is underway for a nine-unit condominium building located at 180 E. 93rd St. in the Carnegie Hill neighborhood of Manhattan, New York City. Individual units will contain three or four bedrooms, and will feature an open-air terrace or balcony, a library or study, bay windows, a stone-surround fireplace, slate kitchen countertops, marble master bathrooms, and an integrated interface that controls the climate, entertainment, security and lighting of the entire condo. The property will also include sustainable features such as geothermal heating and cooling, rainwater irrigation for the property’s private garden, sustainable and recycled construction materials and efficient fixtures. Building amenities include a doorman service, a children’s playroom, temperature-controlled wine storage, outdoor space and a fitness facility. The property is being developed by Greystone Property Development, with Barry Rice Architects providing design services. First occupancies are scheduled for spring 2009.