NEW YORK CITY — New York City-based DeSimone Consulting Engineers has purchased RRC Engineering, a Plainville, Mass.-based firm that specializes in the design of data centers. RRC’s founder and principal Robert Chartrand will continue to lead the firm from its current office, while DeSimone will also continue to operate its regional office from 31 Milk St. in Boston. DeSimone was founded in 1969 and provides engineering solutions across a range of commercial asset classes.
FRAMINGHAM, MASS. — Locally based development firm Crosspoint Associates has acquired 2.7 acres in the western Boston suburb of Framingham for a retail expansion project. The site formerly housed a Colonial Nissan car dealership and is located adjacent to a Whole Foods Marketplace that will be expanded by 7,163 square feet to a total size of 43,617 square feet. The site will also house other retail users, including a Starbucks with a drive-thru area. Bernard Gibbons of Associated Brokerage Group represented Empire Management Corp. in its disposition of the land. Craig Barker of Boston Real Estate Advisors represented Crosspoint Associates.
QUINCY, MASS. — Marcus & Millichap has brokered the sale of a 34-unit apartment building located at 40 Butler Road in the southern Boston suburb of Quincy for $6.9 million. The property consists of 30 one-bedroom units and four two-bedroom residences and is located within walking distance of the Quincy Center MBTA station. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties requested anonymity
CRANBURY, N.J. — Kislak Commercial Real Estate Services Inc. has negotiated several industrial leases totaling 26,318 square feet at Campus 130, an 85,000-square-foot industrial flex property located in the Central New Jersey city of Cranbury. Summit Solar Co., Aquabella, Guardian Protection Services and GenZ Distribution are among the new tenants to commit to space at the building. Peter Wisniewski of Kislak handled the negotiations on behalf of the tenants.
PHILADELPHIA — JLL has provided a Freddie Mac loan of an undisclosed amount for the refinancing of Yardley Crossing and RiverQuick Apartments, two adjacent multifamily assets totaling 235 units in Philadelphia. Yardley Crossing consists of 196 units in one-, two- and three-bedroom floor plans. RiverQuick Apartments totals 39 units in one- and two-bedroom formats. Ryan Ade, Jamie Leachman and Travis Hess of JLL arranged the 10-year, fixed-rate loan on behalf of the borrower, Relative Properties LLC.
BRISTOL, PA. — Black Bear Sports Group, an owner of 18 sports facilities around the country, has acquired the Grundy Ice Arena in Bristol, about 20 miles north of Philadelphia. The arena, which frequently hosts youth hockey camps and tournaments throughout the year, features two ice sheets, an athletic training gym, café and a pro shop.
NEW JERSEY — AMC Theatres (NYSE: AMC) will open all 27 of its theaters in New Jersey over the course of the next week, beginning with the reopening of AMC Jersey Gardens 20 and AMC Wayne 14 this Friday. An additional seven locations are scheduled to open on Monday, Sept. 7, with all remaining theaters then opening on Thursday, Sept. 10. New Jersey is AMC Theatres’ sixth-largest market by screen count.
MANCHESTER, N.H. — AAM 15 Management has opened a Residence Inn by Marriott hotel in Manchester, located near the Massachusetts-New Hampshire border. The property features 123 suites with fully equipped kitchens and special living areas. Amenities include a fitness center, outdoor fire pit and onsite laundry facilities.
BOSTON — Cornerstone Realty Capital has arranged $6.9 million in construction financing for a 12-unit apartment project in the Jamaica Plain neighborhood of Boston. Units will average 1,300 square feet and will feature stainless steel appliances, custom cabinetry and in-unit washers and dryers. The loan was structured with 24 months of interest-only payments and a 28-year amortization schedule.
PHILLIPSBURG, N.J. — A joint venture between J.G. Petrucci Co. and PGIM Real Estate is set to break ground on a 511,200-square-foot industrial building in Phillipsburg, located just across the Delaware River from Allentown, Pennsylvania. The project — to be named the Phillipsburg Logistics Center at 78 — will be located on a 66-acre site less than three miles from Route 22 and Interstate 78, providing access to many of the Northeast’s major metropolitan areas. The property is less than 70 miles from both Philadelphia and New York City. “The site provides excellent connectivity between the Northern and Central New Jersey industrial markets and to the Lehigh Valley Market along the I-78 corridor,” says Peter Polt, executive vice president at J.G. Petrucci. The speculative industrial facility will feature 36-foot clear heights, LED Lighting, wide column spacing, two drive-in doors, and “ample” trailer parking stalls and loading positions, according to the developers. Jon Mikula and John Plower of JLL represented J.G. Petrucci Co. in the arrangement of the joint venture partnership. Jeff Lockard, also of JLL, will lead lease-up efforts at the site upon its completion, which is scheduled for summer 2021. J.G. Petrucci Co. is a privately held development firm specializing …