NEW YORK CITY — The Lam Group has acquired 49-53 Ann St. in Manhattan, New York City, from Bennedetto and Nessim Tammam for $13.15 million. Jae Choi of GFI Realty Services represented both parties in the transaction. The buyer plans to build a hotel on the vacant property, which formerly held four commercial buildings.
FALL RIVER, MASS. — DJM Realty, a division of Gordon Brothers Group, has acquired five industrial properties in Fall River from Quaker Fabric. DJM Realty acquired the properties through a bankruptcy auction and has sold one of the properties, a 227,068-square-foot building located on Davol Street, to Strictly By-The-Book. The four other properties are: 941 Grinnell St., 17 buildings consisting of 687,789-square-foot on 37.58 acres; 81 Ferry St., a 194,576-square-foot warehouse situated on 8.28 acres; 1450 Brayton Ave., a 162,188-square-foot industrial building situated on 7.39 acres; and 387 Quarry St., a 66,187-square-foot plant situated on 3.64 acres. The acquisition price was undisclosed.
PATERSON, N.J. — Family Realty LLC has acquired 19 Park Avenue in Paterson from 19 Park Avenue LP for $2.5 million. The 24-unit, four-story building features two-bedroom units. Jay Lombardo, Michael Petrak and David Oropeza of Gebroe-Hammer Associates brokered the sale.
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MONROE TOWNSHIP, N.J. — ING Clarion has purchased 34 Englehard Dr., a 203,000-square-foot facility in Monroe Township. Located in the Exit 8A market, the manufacturing/warehouse building is fully leased to Berry Plastics Corp. Cushman & Wakefield facilitated the transaction. The seller and the acquisition price were undisclosed.