NEWINGTON, CONN. — The Hampshire Companies has acquired a 614,600-square-foot industrial/warehouse building in Newington, Conn., from Newington Business Park, LLC. The facility is located in the Newington Business Park with easy access to I-91. Hampshire plans to reposition the facility into a multi-tenant warehousing/light industrial facility and develop an additional 21 acres of excess land. The purchase was made on behalf of Hampshire Partners Fund VII, the firm’s $350 million institutional real estate investment fund.
HILTON AND PENFIELD, N.Y. — NorthMarq Capital has arranged $14.9 million in financing for two multifamily properties in Hilton and Penfield. Hilton Village Apartments in Hilton contains 234 units, and White Oaks Apartments in Penfield features 72 units. Sam Bearns of NorthMarq Capital arranged the financing for the undisclosed borrower. The loan was based on a 10-year term with 1 year interest only through a 30-year amortization schedule.
HILTON AND PENFIELD, N.Y. — NorthMarq Capital has arranged $14.9 million in financing for two multifamily properties in Hilton and Penfield. Hilton Village Apartments in Hilton contains 234 units, and White Oaks Apartments in Penfield features 72 units. Sam Bearns of NorthMarq Capital arranged the financing for the undisclosed borrower. The loan was based on a 10-year term with 1 year interest only through a 30-year amortization schedule.
HANOVER TOWNSHIP, N.J. — The Garibaldi Group/CORFAC International has brokered the sale of an 18,000-square-foot office building in Hanover Township. Located at 20 Leslie Court, the building was purchased for an undisclosed price by Preferred Business Systems, which will be utilizing 10,000 square feet of the space. Jeff Toia and Toby Nelson of Garibaldi represented the buyer and the seller, Hanover Business Associates, in the transaction.
HANOVER TOWNSHIP, N.J. — The Garibaldi Group/CORFAC International has brokered the sale of an 18,000-square-foot office building in Hanover Township. Located at 20 Leslie Court, the building was purchased for an undisclosed price by Preferred Business Systems, which will be utilizing 10,000 square feet of the space. Jeff Toia and Toby Nelson of Garibaldi represented the buyer and the seller, Hanover Business Associates, in the transaction.
BAYONNE, N.J. — Pantheon Properties has negotiated a lease for a 225,029-square-foot distribution facility in Bayonne. The free-standing facility, which is located at 150 Pulaski St., was leased by APA Logistics. Situated on a 10.15-acre site, the building features 31 tailboard doors, 20-foot ceilings and parking for 100 trailers. Pantheon represented the owner, Capital Growth Realty Holdings, and Mark Tannen of CB Richard Ellis represented APA Logistics in the transaction.
BAYONNE, N.J. — Pantheon Properties has negotiated a lease for a 225,029-square-foot distribution facility in Bayonne. The free-standing facility, which is located at 150 Pulaski St., was leased by APA Logistics. Situated on a 10.15-acre site, the building features 31 tailboard doors, 20-foot ceilings and parking for 100 trailers. Pantheon represented the owner, Capital Growth Realty Holdings, and Mark Tannen of CB Richard Ellis represented APA Logistics in the transaction.
NEW YORK CITY — The Dermot Company and CASA Partners IV, LP, have acquired three apartment buildings on the Upper West Side in Manhattan, New York City. The adjacent buildings, which are located at 210, 220 and 230 W. 107th St. between Amsterdam Avenue and Broadway, contain a total of 180 units. Cushman & Wakefield Sonnenblick Goldman arranged the equity financing. CASA Partners IV is a fund sponsored by Henderson Global Investors, which formed the joint venture through its Manager of Partners program.
NEW YORK CITY — The Dermot Company and CASA Partners IV, LP, have acquired three apartment buildings on the Upper West Side in Manhattan, New York City. The adjacent buildings, which are located at 210, 220 and 230 W. 107th St. between Amsterdam Avenue and Broadway, contain a total of 180 units. Cushman & Wakefield Sonnenblick Goldman arranged the equity financing. CASA Partners IV is a fund sponsored by Henderson Global Investors, which formed the joint venture through its Manager of Partners program.
NORRISTOWN, PA. — Gene McHale, Mike Flynn, Steve Compton and Taylor Young of Beacon Commercial Real Estate have brokered the sale of a flex building in Norristown. Located at 2490 Armistead Blvd. in the Valley Forge Business Campus, the fully leased facility totals 24,000 square feet. Beacon represented the buyer, RWR Properties, and the seller, The Buccini/Pollin Group, in the transaction. The sale price was undisclosed.