BROOKHAVEN, PA. — Time Equities has acquired Cambridge Square in Brookhaven for $8 million. The 60,000-square-foot retail facility is located at 4801-4811 Edgemont Ave. across from Colonial Mall Macon. The property is currently 92 percent occupied. Luis Cozza of Time Equities represented the firm in-house, and Sperry Van Ness and Mark Berk of Millhaven LLC represented the seller in the transaction.
WALTHAM, MASS. — Boston Realty Advisors has completed the $1.62 million sale of a mixed-use building in Waltham. The 8,200-square-foot building, located at 443-445 Moody St., features three retail storefronts with long-term leases, two residential units and a 21-space parking lot. Jason Weissman of Boston Realty Advisors represented the seller, Waltham Realty Advisors, and Prudential Prime Properties represented the buyer, Sol and Jessica Cohen, in the disposition.
NEW YORK CITY — Eastern Consolidated has completed the $14.65 million sale of a 45-unit apartment facility located at 111-115 E. 7th St. in the East Village neighborhood of Manhattan, New York City. The sever-story, elevator building features two- and three-bedroom units. Brian Ezratty, Marty Neuman, Yair Levy and several other partners at Eastern Consolidated represented the seller, Jonis Realty, and procured the undisclosed buyer in the transaction.
NEW YORK CITY — Eastern Consolidated has completed the $14.65 million sale of a 45-unit apartment facility located at 111-115 E. 7th St. in the East Village neighborhood of Manhattan, New York City. The seven-story, elevator building features two- and three-bedroom units. Brian Ezratty represented the seller, Jonis Realty, and procured the buyer.
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.
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.