PHILADELPHIA — Gobrands Inc. has signed two separate leases totaling 7,560 square feet for adjacent buildings in Aramingo Village, a shopping center in Philadelphia. The buildings will house the company’s digital convenience delivery service goPuff, utilizing 6,060 square feet for warehouse and distribution space and 1,500 square feet as a beer retail store. Richard Soloff of Soloff Realty & Development Inc. represented Gobrands in the lease negotiations. Soloff also represented the undisclosed landlord.
NEW YORK CITY — Blackstone Mortgage Trust has provided a $724.2 million loan for the refinancing of Hudson Commons, a 698,000-square-foot redeveloped office building in the Hudson Yards submarket of Manhattan. The borrower, a partnership between Cove Property Group and The Baupost Group, purchased the former warehouse from Emblem Health in December 2016. Hudson Commons is now 65 percent leased to tenants including Peloton and Lyft, which will occupy 336,000 square feet and 100,000 square feet, respectively. Kohn Pedersen Fox handled design of the redevelopment project. Grant Frankel, Phil McKnight and Ethan Pond of Eastdil Secured LLC arranged the refinancing loan.
NEW YORK CITY — Colliers International has negotiated a 10,000-square-foot office lease for grocery delivery service Hungryroot in the Flatiron neighborhood of Manhattan. Hungryroot is moving to 7 West 22nd Street from its Union Square coworking office space to accommodate its everyday business functions, rising employee count and continued company growth. Sheena Gohil and Jack Senske of Colliers represented Hungryroot in the lease negotiations. Paul Amrich, Neil King, Alexander Golod and Georgina Cook of CBRE represented the landlord, Chang Realty Associates.
NEW ROCHELLE, N.Y. — The Masonic Hall and Asylum Fund, a seniors housing owner-operator, has acquired the former College of New Rochelle campus just north of The Bronx for $32 million, according to reports from The Journal News. The college declared bankruptcy in September, and sister school Mercy College absorbed all the students, faculty and programs. Although specific plans for the future of the property were not disclosed, Masonic Hall and Asylum Fund operates Masonic Care Community, a seniors housing community in Utica.
LEVITTOWN, PA. — NAI Mertz has secured a 67,000-square-foot office lease for mobile phone accessory manufacturer Ondigo Electronics in Levittown, a southwestern suburb of Trenton. The property is situated within Bristol Industrial Park, which is located at 37 Runway Road and was completed in 1999. Jeff Licht and Adam Lashner of NAI Mertz represented Ondigo in the lease negotiations. The team also represented the landlord, F. Greek Bristol Properties.
BOSTON — Apparel retailer Everlane has signed a 2,300-square-foot retail lease in Boston’s Seaport District. Originally launched in November 2011 as an exclusively online retailer, Everlane will open its sixth brick-and-mortar location at 125 Seaport Boulevard in Spring 2020. The brand markets itself as a transparent and ethically sourced apparel retailer. WS Development is the developer of 125 Seaport Boulevard
NEW YORK CITY — Rockefeller Group has topped out Rose Hill, a 123-unit condominium building in the NoMad neighborhood of Manhattan. The building, located at 30 East 29th Street, rises 600 feet and 45 stories and will offer floor plans ranging from studio to four-bedroom units, including penthouses. Amenities will include a resident bar and lounge with indoor and outdoor seating, fitness center, bike workshop, billiards room, pet salon and a studio guest suite available for reservation. Closings are expected to begin in late 2020. CentraRuddy Architecture designed the building and the interior and Lendlease is the general contractor.
JERSEY CITY, N.J. — CenterPoint Properties has acquired a 315,389-square-foot industrial property in Jersey City, a western suburb of New York City. Situated on 44 acres at 1049 Secaucus Road, the property features 36-foot clear heights, 99 dock doors and 371 trailer parking spots. The location offers close access to the New Jersey Turnpike, New York City and nearby ports. Brian Fiumara of CBRE represented the seller, which was undisclosed.
CARTERET, N.J. — Fitness platform Peloton Interactive has signed a 156,068-square-foot industrial lease in Carteret, a western suburb of New York City. Located at 1500 Blair Road, the property features 36-foot ceilings and close access to Midtown Manhattan, Newark Liberty International Airport and the Ports of Newark and Elizabeth. Peloton began utilizing the space as a warehouse and distribution center starting in October 2019. Scott Belfer and Lou Belfer of CBRE Peloton Interactive represented Peloton in the lease negotiations. Thomas Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazarides, Lauren Griffith and Gerard Monahan of CBRE represented the landlord, AEW.
NEW YORK CITY — New York-based Meridian Capital Group has arranged a $60 million loan to refinance two portfolios of memory care assets across Ohio, Georgia, South Carolina, Colorado, California and Tennessee. In the first transaction, Meridian arranged $27.5 million for four memory care facilities totaling 264 beds in Ohio and Georgia. The five-year loan features a fixed interest rate and limited personal guarantees. In the second transaction, the Meridian team arranged a $32.5 million loan for memory care facilities totaling 264 beds in South Carolina, Colorado, California and Tennessee. A balance sheet lender provided the five-year, non-recourse loan with a fixed rate. Further details on the properties, locations and borrowers were not disclosed. Ari Adlerstein, Ari Dobkin and Josh Simpson of Meridian negotiated the two transactions.