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.
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.
