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.
CARLSTADT, N.J. — Legacy Capital has purchased a 60,400-square-foot industrial building located at 2 Palmer Terrace in the New York City suburb of Carlstadt. The single-tenant property was originally built in 1977. Jose Cruz, Jordan Avanzato, Marc Duval and Mark Belenky of JLL represented the seller, Palmer Terrace Realty Associates, in the transaction. The sales price was undisclosed.
STAMFORD, CONN. — Global accounting firm PriceWaterhouseCoopers (PwC) has signed a 19,450-square-foot office lease at One Stamford Plaza in southern Connecticut. Margaret Carlson represented the landlord, RFR Realty, on an internal basis, along with agents from Cushman & Wakefield. Paul Kaufman of JLL represented PwC, which will occupy the entire eighth floor of the building.
WAYLAND, MASS. — Multifamily developer Wood Partners has broken ground on Alta at River’s Edge, a 218-unit apartment project in the western Boston suburb of Wayland. The property will offer one-, two- and three-bedroom units with stainless steel appliances, smart thermostats and private balconies. Amenities will include a clubroom, game lounge, fitness center, indoor golf simulator, a pool, fire pits and outdoor grilling stations. The opening is scheduled for summer 2022.
LAWRENCE, MASS. — Marcus & Millichap has brokered the sale of a 106,693-square-foot industrial building located at 65 Manchester St. in Lawrence, a northern suburb of Boston. The sales price was $3 million. The property is situated within a qualified opportunity zone about 1.7 miles from Interstate 93. Harrison Klein and Luigi Lessa of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties requested anonymity. The property, which was built around the turn of the 20th century and renovated in 2002, was sold via online auction in conjunction with Evan Koransky at Ten-X.
NEW ROCHELLE, N.Y. — Houlihan-Parnes Realtors has arranged a $5.2 million loan for the refinancing of a five-story office building in New Rochelle, located north of New York City. The property at 140 Huguenot St. spans 81,000 square feet and is leased to tenants such as the United States General Services Administration Social Security Office and The Guidance Center of Westchester. A local bank provided the loan, which was structured with a 15-year term, 30-year amortization schedule and a 3.75 percent fixed interest rate for the first 10 years.
TEANECK, N.J. — Alfred Sanzari Enterprises, a family-owned and operated commercial and residential real estate firm, has negotiated three office lease renewals totaling 25,000 square feet at Glenpointe, the firm’s flagship office property in the Northern New Jersey community of Teaneck. The deals include a 10,600-square-foot renewal and expansion with Treetop Development, a 7,300-square-foot renewal and expansion with The Russell Berrie Foundation and a 7,100-square-foot renewal and expansion with Eastern Fish Co. Newmark’s team of Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian and David Simson represented Alfred Sanzari Enterprises in all the transactions.
BRIDGEWATER, MASS. — Massachusetts-based design/build firm Dacon has completed a 23,500-square-foot cannabis cultivation facility in Bridgewater, located south of Boston. The project is a build-to-suit for Theory Wellness, a provider of medical and recreational cannabis products with operations in Maine and Massachusetts. The space includes two climate-sensitive growth labs, two extraction labs and a manufacturing area.