NEW YORK CITY — Marcus & Millichap has negotiated the $94.5 million sale of a portfolio of 13 multifamily properties totaling 147 units in Manhattan. Known as The Chelsea Collection by virtue of its submarket location, the buildings total 98,000 square feet and are located on the west side of the neighborhood between West 19th and West 29th streets. Joe Koicim, Logan Markley, Chris Dintrone and Kory Barbanel of Marcus & Millichap represented the seller, BlackSpruce Management, in the transaction and procured the undisclosed buyer.
LOWELL, MASS. — CBRE has brokered the sale of Residences at Crosspoint, a 240-unit apartment complex located in the northern Boston suburb of Lowell. Completed in 2020, the six-story building offers studio, one- and two-bedroom units with an average size of 863 square feet. Amenities include a clubroom, fitness center and a business center. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler represented the seller, a partnership created and operated by SMC Management Corp., in the transaction. The team also procured the buyer, an affiliate of New York City-based Osso Capital.
BOSTON — Edge Property has purchased a 49,275-square-foot office complex in downtown Boston. Known as 10 Liberty Square and 12 Post Office Square, the property was 53 percent leased to 10 office and retail tenants at the time of sale. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the undisclosed seller in the transaction. The quintet also collaborated with Newmark’s Michael Byrne, Thomas Greeley, Devlin Man, Casey Griffin, Joseph Alvarado and Casey Valente to procure the buyer.
NEW YORK CITY — Impact.com has signed an 18,364-square-foot office lease renewal in Midtown Manhattan. The digital marketing firm will continue to occupy the entire 10th floor at the 300,000-square-foot building at 136 Madison Ave. Alex Leopold of CBRE represented the tenant in the lease negotiations. Mac Roos of Colliers, along with internal agents Andrew Roos, Michael Cohen and Jessica Verdi, represented the landlord, Williams Equities.
PLYMOUTH, MASS. — A joint venture between Alliance Realty Partners and an undisclosed institutional investor has sold Marq at The Pinehills, a 220-unit apartment complex in Plymouth, located south of Boston. Built on seven acres in 2016 within the 3,200-acre Pinehills master-planned development, the property offers one- and two-bedroom units with an average size of just over 1,000 square feet. Amenities include a clubroom, outdoor heated pool with a sundeck, fitness center and coworking space. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the joint venture in the transaction. The buyer and sales price were not disclosed.
LUMBERTON, N.J. — Dallas-based investment firm Dalfen Industrial has acquired a 219,123-square-foot industrial building in Lumberton, located outside of Philadelphia in Southern New Jersey. The building is located along State Route 38 and is demise-able for single or multi-tenant occupancy. Building features include a clear height of 40 feet and 35 fully dressed loading positions, and Dalfen is in the process of adding 2,500 square feet of office space to the facility. The seller and sales price were not disclosed.
NEW YORK CITY — Locally based owner The Moinian Group has begun leasing ARIA, a 114-unit apartment building located at 90 John St. in Manhattan’s Financial District. Units come in studio and one-bedroom floor plans and are furnished with custom-built closets, granite countertops, stainless steel appliances and spa-inspired marble bathrooms. Amenities include a resident lounge, onsite laundry facilities and concierge services. Rents start at approximately $3,000 per month for a studio apartment.
ASHLAND, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the $21.2 million sale of a 99,601-square-foot shopping center located in the western Boston suburb of Ashland. Shaw’s Supermarket anchors the center, which was 94 percent leased at the time of sale. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the seller and procured the buyer in the transaction. Both parties requested anonymity.
WYCKOFF, N.J. — Marcus & Millichap has brokered the $4.3 million sale of a 10,912-square-foot retail center in Wyckoff, located near the New York-New Jersey border. Built in 1990 and renovated in 2020, the property at 403-411 Goffle Road is home to JAG-ONE Physical Therapy and several local service-oriented tenants. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
PROVIDENCE, R.I. — LRT Co., a developer of traditional multifamily and seniors housing properties, has acquired 12.4 acres in Providence for the development of a $65 million seniors housing project. Known as Tiffany Laurel Reserve, the property will total 157,000 square feet upon completion and feature 127 independent living residences and 77 assisted living and memory care units. Roughly 25 percent of the units will be reserved for low-income residents. The development will also feature 56 garage parking spaces. Construction is scheduled to begin this summer.