NEW YORK CITY — Locally based landlord Jack Resnick & Sons has negotiated two new office leases at 8 W. 40th St. in Manhattan’s Bryant Park neighborhood. Global commodity merchandiser Trammo Inc. signed a lease for 6,667 square feet, and The American Friends of Tel Aviv University (AFTAU) inked a deal of an undisclosed size. Greg Taubin of Savills represented Trammo Inc., while Glenn Roberts of Fenway Equities represented AFTAU. Brett Greenberg and Fran Delgorio represented Jack Resnick & Sons on an internal basis.
WATERTOWN, MASS. — A joint venture between two locally based firms, The Davis Cos. and Boston Development Group, will develop a 450,000-square-foot life sciences campus at 66 Galen St. in the western Boston suburb of Watertown. Phase I of the project, construction of which is set to begin in May, will consist of a 224,106-square-foot research and lab building. Amenities will include a fitness center, bike room and an onsite café and retail space. Elkus Manfredi is the architect for the project. About 40 percent of the site’s total acreage will be dedicated to parks and green spaces.
YONKERS, N.Y. — Greystone has provided a $24.9 million HUD-insured loan for the refinancing of Adira at Riverside, a 120-bed skilled nursing facility in Yonkers, located north of New York City. Built in 2000, the property offers short-term rehabilitation, occupational, physical and speech therapy services, as well as amputee rehab, wound care, neuro-rehabilitation, certified cardiopulmonary rehabilitation, long-term skilled nursing care, dedicated Alzheimer’s and dementia care services. Fred Levine of Greystone originated the financing. Shia Fishman of Capital Stack Advisors arranged the loan on behalf of the borrower, L&A RE Acquisition LLC.
HAMDEN, CONN. — Northeast Private Client Group (NEPCG) has brokered the sale of Willow Woods Apartments, a 52-unit multifamily asset in Hamden, located outside of New Haven. The sales price was $6.4 million, or approximately $126,000 per unit. The property was built in 1973 and features one-, two- and three-bedroom residences with flat- and townhouse-style configurations. Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno and John Lockhart of NEPCG represented the buyer and seller, both of which requested anonymity, in the deal.
STAMFORD, CONN. — Beiersdorf Inc., the US affiliate of global skin care company Beiersdorf AG, has signed a 27,942-square-foot office lease at Stamford Plaza, a 1 million-square-foot campus in southern Connecticut. Margaret Carlson represented the landlord, RFR Realty, on an internal basis, along with agents from Cushman & Wakefield. Edward Tonnessen and Paul Tortora of JLL represented the tenant.
WHITE PLAINS, N.Y. — Houlihan-Parnes Realtors has arranged a $4.5 million loan for the refinancing of a 35,000-square-foot office building at 297 Knollwood Road in White Plains, a northern suburb of New York City. An undisclosed local bank provided the loan, which carried a 3.75 percent fixed interest rate for the first 10 years of the 15-year term, as well as a flexible prepayment schedule and a 30-year amortization schedule.
QUINCY, MASS. — JLL Capital Markets has arranged the $295 million sale of a portfolio of 11 single-tenant retail buildings net leased on a long-term basis to Stop & Shop in markets throughout Connecticut, Massachusetts and Rhode Island. JLL marketed the portfolio on behalf of the sellers, Winstanley Enterprises and Surrey Equities. The Inland Real Estate Group of Cos. Inc. was the buyer. Additionally, JLL arranged two acquisition loans totaling approximately $158 million on behalf of the new owner. The two 10-year, fixed-rate loans were originated by JLL through a life insurance company and a CMBS lender. The 11 buildings in the portfolio are all net leased to Stop & Shop, a division of Ahold Delhaize USA Inc., which is the third-largest supermarket operator in the U.S. Quincy, Mass.-based Stop & Shop is the No. 1 grocer by market share in Connecticut, Massachusetts and Rhode Island, according to JLL. The 748,141-square-foot portfolio includes three properties in the Boston area; one in the Cape Cod, Mass. area; four in the Providence, R.I. area; and three in the Hartford, Connecticut area. According to a JLL research report, titled “U.S. Grocery Tracker 2021,” grocery-anchored retail centers continue to be investors’ preferred retail property …
UNION, N.J. — G.S. Wilcox, a commercial mortgage banking firm based in Northern New Jersey, has arranged a $49.8 million construction loan for a 266-unit multifamily project in Union, a suburb of Newark. The project represents Phase II of an existing multifamily development. Gretchen Wilcox, Albert Raymond and Wesley Wilcox of G.S. Wilcox arranged the floating-rate loan on behalf of the undisclosed borrower. The direct lender was also not disclosed.
WINDSOR, N.Y. — Coldwell Banker Commercial has brokered the $6.6 million sale of a 65,800-square-foot industrial building that is situated on a 3.1-acre lot in Windsor, located just outside of Binghamton. The property was built in 1977 and includes 3,540 square feet of office space. Steven Shell of Coldwell Banker represented the undisclosed seller in the transaction. Additional terms of sale were not disclosed.
NEW YORK CITY — Alpha Realty has negotiated the $5 million sale of a 15-unit multifamily building located at 78-80 Christopher St. in Manhattan’s West Village neighborhood. Lev Mavashev and Shai Egison of Alpha Realty represented the buyer and seller in the off-market transaction. Both parties were locally based private investors who requested anonymity.