HIGHLAND PARK, N.J. — Ken Uranowitz and Joseph Brecher of Gebroe-Hammer Associates have completed the $8.4 million sale of Parktowne House, an 84-unit apartment complex in Highland Park. The two-building, mid-rise facility is located at 11-19 Raritan Ave. on Route 27. The five- and six-story buildings contain 51 one-bedroom units, 12 two-bedroom units and 21 studio apartments. The facility was fully occupied at the time of the sale. Gebroe-Hammer represented the undisclosed seller and procured the buyer, an undisclosed Manhattan-based real estate investor.
DANBURY, CONN. — Optimum Hotel Brokerage has completed the sale of the Best Western Berkshire Inn in Danbury. The property features a 69-room hotel and two commercial office buildings. Situated along Interstate 84, the hotel was purchased for an undisclosed price by an undisclosed Fairfield County-based owner and operator. Joe McCann of Optimum Hotel Brokerage represented the undisclosed seller in the transaction.
DANBURY, CONN. — Optimum Hotel Brokerage has completed the sale of the Best Western Berkshire Inn in Danbury. The property features a 69-room hotel and two commercial office buildings. Situated along Interstate 84, the hotel was purchased for an undisclosed price by an undisclosed Fairfield County-based owner and operator. Joe McCann of Optimum Hotel Brokerage represented the undisclosed seller in the transaction.
HACKENSACK, N.J. — Normandy Real Estate Partners has completed the multi-million renovation of Continental Plaza, a Class A office complex in Hackensack. The three-building complex sits on 11.9 acres and features 650,000 square feet of space. The renovations included improvement to pedestrian bridges between the parking deck and buildings, renovations of ground-floor lobbies in all three buildings, refurbished elevators and an upgraded landscaping program. Amenities include an upgraded full-service cafeteria, a conference center, a tenant-only gym, a dry cleaning service and a newsstand. Newmark Knight Frank is the exclusive leasing agent for Continental Plaza.
HACKENSACK, N.J. — Normandy Real Estate Partners has completed the multi-million renovation of Continental Plaza, a Class A office complex in Hackensack. The three-building complex sits on 11.9 acres and features 650,000 square feet of space. The renovations included improvement to pedestrian bridges between the parking deck and buildings, renovations of ground-floor lobbies in all three buildings, refurbished elevators and an upgraded landscaping program. Amenities include an upgraded full-service cafeteria, a conference center, a tenant-only gym, a dry cleaning service and a newsstand. Newmark Knight Frank is the exclusive leasing agent for Continental Plaza.
DANBURY, CONN. — Thomas Hamm of Sperry Van Ness has competed the $5.5 million sale of Wellesley Inn in Danbury. The 181-room hotel is situated on 12 acres just off Exit 8 of Interstate 84 at 116 Newtown Rd. The facility also includes a restaurant that is currently leased to Outback Steakhouse. Hamm represented the sellers, BRE/Prime Holdings and WIH Hotels, affiliates of the Blackstone Group; and the buyer, DP39 LLC and AE7, LLC, affiliates of Diamond Properties. The buyers plan to implement a $5 million renovation and rebranding program.
DANBURY, CONN. — Thomas Hamm of Sperry Van Ness has competed the $5.5 million sale of Wellesley Inn in Danbury. The 181-room hotel is situated on 12 acres just off Exit 8 of Interstate 84 at 116 Newtown Rd. The facility also includes a restaurant that is currently leased to Outback Steakhouse. Hamm represented the sellers, BRE/Prime Holdings and WIH Hotels, affiliates of the Blackstone Group; and the buyer, DP39 LLC and AE7, LLC, affiliates of Diamond Properties. The buyers plan to implement a $5 million renovation and rebranding program.
NEW YORK CITY — Bremen House has sold Unilake Shopping Plaza in Queens, New York City, to Vickers Realty for $4.7 million. The 14,780-square-foot retail center is located at the intersection of Union Turnpike and 271st St. in the New Hyde Park area. Alan Miller and Benjamin Tapper of Eastern Consolidated represented the seller, and Robert Oritz, also of Eastern Consolidated, represented the buyer.
NEW YORK CITY — Bremen House has sold Unilake Shopping Plaza in Queens, New York City, to Vickers Realty for $4.7 million. The 14,780-square-foot retail center is located at the intersection of Union Turnpike and 271st St. in the New Hyde Park area. Alan Miller and Benjamin Tapper of Eastern Consolidated represented the seller, and Robert Oritz, also of Eastern Consolidated, represented the buyer.
FAIRFIELD, CONN. — The Febbraio Group, a Coldwell Banker Commercial affiliate, has completed the $3.24 million sale of an office facility in Fairfield. The 13,000-square-foot building is located at 363 Reef Rd. Thomas Febbraio of the Febbraio Group represented the buyer, Pagent, LLC, and the seller, ACA Distributors.