LANCASTER, PA. — Marcus & Millichap has completed the sale of a 78-unit Country Inn & Suites located in Lancaster. Jeff Rake and Gordon Allred of Marcus & Millichap represented both undisclosed parties in the transaction. The acquisition price was not disclosed, but the property traded at a 9 percent cap rate. The property is located in the heart of Pennsylvania Dutch Country, and enjoys an 85 percent repeat visitor rate among business travelers, as well as close proximity to the area’s major tourist attractions.
SECAUCUS, N.J. — Ridgewood, N.J.-based Poskanzer Skott Architects has been selected to serve as project architect for the 5,500-square-foot build-out of Fusionapps new headquarters, located at 110 Meadowlands in Secaucus. The new space will be home to 30 employees. It will feature collaborative work areas, as well as an open work area where Fusionapps, a technology solutions firm, can build, test and configure infrastructure equipment for customers. The construction timetable was not released. The 110 Meadowlands building is a three-story office building owned by First National Corp.
NEW YORK CITY — Eastern Consolidated has brokered the sale of The Canterbury, a 49-unit apartment building located at 204 W. 108th St. on the Upper West Side of Manhattan, New York City, for $16.75 million. Situated a few blocks south of Columbia University, the 42,186-square-foot, elevator-served building comprises two and three-bedroom units. Out of the 49 units, 26 are free market and all but four of these units have been recently renovated. Improvements included new floors, walls, ceilings, kitchens and bathrooms. Eastern Consolidated’s Brian Ezratty, Deborah Gutoff and Ronda Rogovin represented the seller, IGPF Canterbury LLC. David Kalish, also of Eastern Consolidated, procured the buyer, locally based L.M. 204 W. 108 LLC. The buyer’s immediate plans include operating the property as a rental building.
BREWSTER, MASS. — Norwell, Mass.-based Acella Construction Corp. has completed construction for the Tom & Jean Yawkey Dormitory at Latham School in Brewster. The two-story, elevator-served dorm totals 9,600 square feet. It features basement storage and an unfinished second floor for future expansion. The building will be able to house 16 students and eight staff members. Acella partnered with Orleans, Mass.-based S.A. Architecture for the design/build process. Latham School is a program offered by Latham Centers that teaches students ages 8 to 22 who have experienced troubled histories or suffer from Prader-Willi Syndrome.
BOSTON — The Zoning Commission for the city of Boston has approved the Planned Development Area development plan that will provide zoning regulations for the city’s Parcel 24 project. The project consists of the construction of a 325-unit, mixed-income housing development in the city’s Chinatown neighborhood on a block bounded by Hudson, Kneeland and Albany streets. Approximately 50 percent of the residences will be affordable, and will include 70 rental apartments and 66 to 99 condominiums. Another 156 to 189 condos will be market rate. The transit-oriented development will be close to rail and bus lines, as well as LEED certifiable. The project is being developed by a joint venture between locally based organizations Asian Community Development Corp. and New Boston Fund. Part of the project’s financing is coming from New Boston Fund’s Urban Strategy America Fund.
NEW YORK CITY AND SYRACUSE, N.Y. — New York City-based Branded Concept Development has been selected to provide construction management services for two construction projects for Dinosaur Bar-B-Que. The restaurant’s Harlem location is moving to the corner of 12th Avenue and 125th Street, across the street from its present location, to accommodate the expansion of Columbia University. The new restaurant will total 7,200 square feet. Additionally, Dinosaur Bar-B-Que is adding a second level to its flagship Syracuse location. The approximately 3,700-square-foot space will be designed to resemble a beer hall, and will feature additional dining space, private event space and a concert venue.
WOBURN, MASS. — Richards Barry Joyce & Partners (RBJP) has completed a lease for 49,626 square feet at 120 Presidential Way, a 74,194-square-foot office building located within MetroNorth Corporate Center in Woburn. The tenant, MediaTek, will occupy space on the first and second floors of the three-story building. The company is relocating from its previous offices in Wilmington, Mass. Representing MediaTek in lease negotiations was Grubb & Ellis. The landlord, National Development, was represented by Jonathan Varholak, Brian McKenzie and Ron Friedman of RBJP. The lease brings the building to full occupancy.
WAWAYANDA, N.Y. — Sacramento, Calif.-based Panattoni Development Co. has acquired an approximately 100-acre land parcel located in Wawayanda. The site will be the home of Pine Lane Business Center; Panattoni has already received approvals for the construction of 505,000- and 241,000-square-foot buildings. The buildings will have space to accommodate a single or multiple users, and can be delivered for occupancy within 1 year of groundbreaking. Frank Tomasulo of CB Richard Ellis represented Panattoni in the land transaction.
WANAQUE, N.J. — Bloomfield Hills, Mich.-based Pulte Homes is advancing construction for Wanaque Reserve by Del Webb, a 436-acre active adult community located in Wanaque. Seven of the community’s 10 planned buildings are currently complete. Upon full build-out the project will comprise 755 two-bedroom carriage houses. The single-story units will contain up to 2,119 square feet of space, and will be priced from the mid $300,000s. Community amenities for Wanaque Reserve will include indoor and outdoor swimming pools with sundecks and patios; tennis and bocce courts; walking and hiking paths; and a 20,000-square-foot clubhouse that will contain a fitness center, card and billiards rooms, a computer center, arts and crafts rooms, a theater, and an entertainment hall. The community is situated at the base of Ramapo Mountain State Park, and is bordered by Wanaque River. Building 4, which contains 77 units, recently sold out; sales are under way for Building 3, which contains 58 homes. The construction timetable was not released.
TARRYTOWN, N.Y. — New York City-based SL Green Realty Corp. has disposed of a two-building, Class A office property, located at 100 and 120 White Plains Rd. in Tarrytown, for $48 million. The focal point of the 9-acre property is the Christiana Building, a six-story, 205,000-square-foot building located at 120 White Plains Rd. It features a circular driveway in front of the building, a fountain, a stainless steel sculpture and an enclosed parking garage. Building amenities include high-end marble finishes throughout the lobby, terraces with panoramic views and a 5,000-square-foot dining facility. The other building, located at 100 White Plains Rd., is a four-story, 1920s-era, colonial-style mansion that now contains 6,000 square feet of office space. The buyer was locally based Juster Development.