UNION CITY, N.J. — W Developers is currently constructing The Thread, a 14-story condominium community set on the Hudson Gold Coast in Union City. The multifamily facility features 150 residences ranging from one- to three-bedroom units. Amenities include a doorman, a children’s playroom and a landscaped outdoor plaza. Situated on top of the Lincoln Tunnel viaduct, the building is located within a block of the Park Avenue business and entertainment area. Prices for the units range from the $300s to the $800s. Delivery is slated for this fall.
Northeast
KING OF PRUSSIA, PA. — Brad Nathanson and Brent Waterman of Marcus & Millichap’s Philadelphia office have completed the $3.43 million sale of a two-story warehouse and office facility in King of Prussia. The 63,600-square-foot building is located off Route 202 at 320 S. Henderson Rd. and is tenanted by Tweeter Home Entertainment. Nathanson and Waterman represented the seller, Fred Lokoff Trust, and procured the buyer, Provco Henderson, in the transaction.
NORRISTOWN, PA. — Brandywine Realty Trust has sold 2490 Blvd. of the Generals in Norristown for an undisclosed price to Gola Corporate Real Estate. The 20,600-square-foot office facility is situated on 1.9 acres in the Valley Forge Business Center and will serve as the buyer’s Philadelphia regional headquarters. Gola plans to renovate the building. Andrew Spillard and Mitch Reading of CB Richard Ellis represented the seller, and the buyer was represented in-house by Mark Gola.
NEW YORK CITY — Marty and Eric Meyer of GVA Williams have negotiated the $32 million sale of 127 W. 25th St., a 12-story building in the Chelsea area of Manhattan, New York City. The undisclosed owner plans to renovate the 90,000-square-foot, Class B building. The Meyers represented both the buyer and the seller, 127 W. 25th Street Corp., in the transaction. In addition, the Myers have brokered the $28 million sale of 35 W. 36th St. in the Penn Plaza district of Manhattan. The property is 100 percent leased to 15 tenants and totals 57,636 square feet. Douglaston Equities sold the property to an undisclosed New York-based investor. GVA Williams represented both the buyer and the seller in the disposition. The building was sold 1 year ago for $19 million.
NEW YORK CITY — Marty and Eric Meyer of GVA Williams have negotiated the $32 million sale of 127 W. 25th St., a 12-story building in the Chelsea area of Manhattan, New York City. The undisclosed owner plans to renovate the 90,000-square-foot, Class B building. The Meyers represented both the buyer and the seller, 127 W. 25th Street Corp., in the transaction. In addition, the Myers have brokered the $28 million sale of 35 W. 36th St. in the Penn Plaza district of Manhattan. The property is 100 percent leased to 15 tenants and totals 57,636 square feet. Douglaston Equities sold the property to an undisclosed New York-based investor. GVA Williams represented both the buyer and the seller in the disposition. The building was sold 1 year ago for $19 million.
HOBOKEN, N.J. — Cushman & Wakefield has brokered the sale of 1000 Jefferson, a new 217-unit multifamily property in Hoboken. Set in the Gold Coast market, the property sits on a 1.84-acre block at 10th and Jefferson. The development features one- through three-bedroom units on five floors, one level of parking and four, 664-square-foot retail suites at grade level. Unique amenities include private pools, an outdoor fireplace and balconies. Andrew Merin, Jose Cruz, David Bernhaut and Gary Gabriel of Cushman & Wakefield negotiated the transaction. An undisclosed real estate investment firm purchased the property for an undisclosed price from Tarragon Corp.
HOBOKEN, N.J. — Cushman & Wakefield has brokered the sale of 1000 Jefferson, a new 217-unit multifamily property in Hoboken. Set in the Gold Coast market, the property sits on a 1.84-acre block at 10th and Jefferson. The development features one- through three-bedroom units on five floors, one level of parking and four, 664-square-foot retail suites at grade level. Unique amenities include private pools, an outdoor fireplace and balconies. Andrew Merin, Jose Cruz, David Bernhaut and Gary Gabriel of Cushman & Wakefield negotiated the transaction. An undisclosed real estate investment firm purchased the property for an undisclosed price from Tarragon Corp.
WILTON, CONN. — Luzern Associates has purchased Wilton Office Plaza in Wilton for $12.25 million from 372 Wilton Associates, LLC., an entity managed by Silverman Realty Group. The 88,078-square-foot office building is located along Route 7 and was approximately 44 percent leased at the time of the sale. The two-story facility should benefit from the widening of Route 7, which will allow access to interstate 84, 95 and Merritt Parkway. Jeffrey Dunne, Steven Bardsley and David Gavin of CB Richard Ellis represented the seller and procured the buyer in the sale.
WILTON, CONN. — Luzern Associates has purchased Wilton Office Plaza in Wilton for $12.25 million from 372 Wilton Associates, LLC., an entity managed by Silverman Realty Group. The 88,078-square-foot office building is located along Route 7 and was approximately 44 percent leased at the time of the sale. The two-story facility should benefit from the widening of Route 7, which will allow access to interstate 84, 95 and Merritt Parkway. Jeffrey Dunne, Steven Bardsley and David Gavin of CB Richard Ellis represented the seller and procured the buyer in the sale.
ROCHESTER, N.Y. — The Rose Hill Group of WNY LTD has arranged $3.25 million in permanent financing for Webster Parc Retail Center in Rochester. The 14,000-square-foot retail facility is located along Route 404 and includes tenants such as Metro Mattress, AT&T, and Aspen Dental. The borrower was undisclosed.