NORTH BRUNSWICK, N.J. — Total Wine & More has opened a 32,000-square-foot store in North Brunswick, located in Central New Jersey. Total Wine joins Trader Joe’s as the anchor tenant at the 124,000-square-foot North Village Shopping Center, which is now fully leased. Ed Vasconcellos of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Brian Schuster of RIPCO Real Estate represented Total Wine.
NEW YORK CITY — Huge Inc. has signed a 16,909-square-foot office lease in Midtown Manhattan. The global design and technology company will occupy the entire eighth floor of the 12-story building at 53 W. 23rd St. Jeff Buslik, Brad Cohn and Alan Bonett of Adams & Co. represented the landlord, an entity doing business as 23 R.P. Associates LLC, in the lease negotiations. Gabe Marans and David Mahoney of Savills represented the tenant.
OLD BRIDGE, N.J. — Madison Realty Capital has originated a $654 million mortgage and mezzanine loan for Central 9 Logistics Park, an industrial project currently underway in Old Bridge, roughly 35 miles southwest of New York City. New Jersey-based development firm 2020 Acquisitions is the borrower. Upon completion, the development will comprise 4.1 million square feet across nine buildings. The property is situated in close proximity to Garden State Parkway, New Jersey Turnpike and I-287, with access to the Port of New York and New Jersey’s Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport. The borrower will use the funds to refinance five buildings in Phase I of Central 9 Logistics Park and to cover construction and leasing costs for two buildings in Phase II. The finished buildings at the campus range from 192,000 to 818,000 square feet in size. The buildings planned for Phase II will total 139,000 and 809,000 square feet, respectively. 2020 Acquisitions is also planning Phase III at Central 9 Logistics Park, which will comprise two final buildings. “With three leases signed over the past 45 days totaling approximately 900,000 square feet, we are accelerating the construction of Phase II and will begin construction immediately,” says Efrem …
NEW YORK CITY — Affinius Capital has funded a $46 million loan for the refinancing of The Dome at 210 Greenpoint, a 70-unit apartment building in Brooklyn. The property offers studio, one-, two- and three-bedroom units along with 6,200 square feet of retail space. According to StreetEasy, amenities include a fitness center, rooftop deck, bike room, package room and onsite laundry facilities. Henry Bodek of Galaxy Capital arranged the loan on behalf of the borrower, New York-based developer The Jay Group, which will also use proceeds to fund leasing costs.
NEW YORK CITY — Greystone has provided $30 million in Freddie Mac financing for Sloane Chelsea, a 266-unit apartment building in Manhattan. Originally built in 1930 and renovated in 1996, Sloane Chelsea offers a mix of studio, one-, two- and three-bedroom units and amenities such as a fitness center, laundry facilities and private storage space. Recent upgrades to the property include renovations to 180 units and a planned elevator modernization. Robert Meehan led the transaction for Greystone. The borrower was not disclosed.
CAMBRIDGE, MASS. — Locally based general contractor Nauset Construction has completed a 49-unit multifamily project in Cambridge, located across the Charles River from Boston. Designed by Piatt Associates, 605 Concord at Fresh Pond is a six-story building that offers a mix of studio, one-, two- and three-bedroom units ranging in size from 419 to 1,238 square feet, as well as 2,500 square feet of retail space. The developer is an entity doing business as Acorn Holdings LLC. Rents start at $2,800 per month for a studio apartment.
NEW YORK CITY — SuperFresh will open a 22,500-square-foot grocery store in Queens. The lease term is 25 years. The store at 166-20 90th Ave. is located in the Jamaica neighborhood within Ruby Square, a 614-unit, newly developed apartment building by BRP Cos. Hymie Dweck of RIPCO Real Estate represented SuperFresh in the lease negotiations. BRP Cos. was self-represented. The opening is set for next spring.
CAMBRIDGE, MASS. — Insurify has signed a 21,000-square-foot office lease in Cambridge. The insurance technology company will occupy the entire sixth floor of 201 Broadway, a 119,000-square-foot building in the Kendall Square area. Robert Fitzgerald, Patrick Grady, Jim Boudrot, Peter Evans, Steve James and Henry Birmingham of regional brokerage firm Hunneman represented the landlord, The Davis Cos., in the lease negotiations.
WILMINGTON, DEL. — Regional developer Buccini Pollin Group has begun work on a $110 million multifamily redevelopment project in Wilmington. The project represents Phase III of The Standard, a 363-unit apartment complex that is an adaptive reuse of the former office building of chemical company DuPont. The Standard is located within the Market West mixed-use development and offers studio, one-, two- and three-bedroom units that are furnished with quartz countertops and backsplashes, stainless steel appliances and in-unit washers and dryers. Amenities include a rooftop deck, dog washing station and package handling system. Phase I of The Standard is fully occupied, and Phase II is in lease-up. Apollo Global Management is the senior lender on Phase III, which is slated for a late summer 2026 completion, and Chicago-based Pearlmark is the mezzanine lender.
NEW YORK CITY — A partnership between Slate Property Group and Avenue Realty Capital has acquired 81 Franklin, an 11-unit apartment building in Manhattan’s Tribeca neighborhood, for $30 million. The six-story, 32,70-square-foot building, which was originally constructed as an office building and converted to residential use in 2013, houses loft-style residences that come in one-, two-, three- and four-bedroom layouts. Guthrie Garvin of JLL represented the undisclosed seller in the transaction. The partnership was represented in-house. White Oak Real Estate Capital provided acquisition financing for the deal.