HILLSIDE, N.J. — Dallas-based design-build firm ARCO/Murray has completed a 1,200-unit self-storage facility for CubeSmart in Hillside, located just west of Newark Liberty International Airport. The six-story facility spans 145,800 square feet, features climate-controlled space and includes a 1,200-square-foot office.
PHILADELPHIA — JLL has negotiated the sale of County Line Plaza, a 74,968-square-foot retail center in northeast Philadelphia. Anchored by Big Lots and The Edge Fitness Club, the property was approximately 90 percent leased at the time of sale to tenants such as Integrated Medical Care, Pho Palace, Akira Sushi and DT Nails & Spa. Chris Munley, Jim Galbally and Colin Behr of JLL represented the seller, Slate Property Group, in the transaction. A private investor purchased the asset for an undisclosed price.
ELIZABETH, N.J. — LeCesse Development Corp. and MAS Development Group are underway on construction of Vinty, a $91.5 million mixed-use project in Elizabeth, a western suburb of New York City. Vinty will offer 267 apartment units and 37,000 square feet of ground-floor retail and office space. Amenities will include a fitness center, dog park, outdoor theater, golf simulator, pool and a greenhouse. The location’s close proximity to the Elizabeth train station offers direct access to Manhattan, Newark Penn Station and Newark Liberty National Airport. JLL arranged construction financing for the project through Citizen’s Bank. Humphreys & Partners Architects is designing the project, and March Associates is the general contractor. Residences are expected to be available for lease in spring 2021.
BOSTON — Newmark Knight Frank (NKF) has brokered the sale of 100 Summer Street, a 1.1 million-square-foot office building in downtown Boston. The 32-story tower, which was built in 1974 and includes ground-floor retail space, features amenities such as a coffee bar, gaming areas, fitness center and close access to the South Station transit hub. Office tenants include Bloomberg News and software company CloudHealth Technologies. Retail tenants include Common Vines Wine Shop and Sebastians Cafe. Edward Maher, Matthew Pullen, James Tribble, Robert Griffin, David Martel and Timothy Bianchi of NKF represented the seller, a partnership between The Blackstone Group and EQ Office, in the transaction. David Douvadjian Sr., Brian Butler, Timothy O’Donnell and David Douvadjian Jr. represented the buyer, Rockpoint Group. The sales price was undisclosed.
NEW YORK CITY AND LONG ISLAND CITY, N.Y. — Marshall Hotels & Resorts has opened three new hotels in metro New York. In Manhattan, the company opened a 68-room Wingate by Wyndham and a 79-room La Quinta by Wyndham. The Wingate hotel is near Madison Square Garden, Times Square and Central Park. The La Quinta property is near Times Square, the Empire State Building and the Theater District, as well as the LaGuardia, JFK International and Newark Liberty International Airports. In Long Island City, the company opened 140-room Wingate by Wyndham near Icahn Stadium and Arthur Ashe Stadium.
YONKERS, N.Y. — NuRealty has arranged the sale of 778 Yonkers Ave., a 22,735-square-foot retail center in Yonkers, a northern suburb of New York. The property, which is valued at $4.9 million, is located one block from the Empire City Casino. Tenants include HSBC Bank, Beck Chevrolet and Paradise Lanes bowling alley. Ludlow Avenue Corp., a locally based limited liability firm, acquired the property, as part of a larger $5.6 million transaction. Lukasz Przybylek of NuRealty Advisors represented the undisclosed seller in the transaction.
WIND GAP, PA. — Taco Bell will open a new 2,700-square-foot restaurant in Wind Gap, located approximately 70 miles north of Philadelphia. The building will be constructed on the former site of the Wind Gap Professional Center and will be the first Taco Bell in the area. Scott Horner of Colliers International brokered the deal.
NEW YORK CITY — Marriott International Inc. has acquired W New York — Union Square, a 270-room hotel in Manhattan’s Union Square, for $206 million. Marriott plans to significantly renovate the 20-story hotel to include a spa and expanded restaurant. Existing amenities include a fitness center, five meeting rooms and three restaurants. “When W was launched as a single hotel in New York 21 years ago with ground-breaking design and a bold approach to nightlife, it pushed the boundaries of how people thought about a hotel,” says Arne Sorenson, president and CEO of Marriott International. “Given how much travelers crave these types of experiences today and the brand’s global reach, we see limitless potential for the W brand with hotel owners and developers, travelers and locals.” The property, located at 201 Park Ave. S., adjacent to Union Square Park and two miles north of downtown New York City, first opened in 1911 as the headquarters for Guardian Life Insurance Company of America. In 2000, Rockwell Group converted the building into its current use as a W hotel. The purchase and renovation of W New York — Union Square is part of a strategy by Marriott International to reinvigorate the W portfolio in North America. The plan also includes …
PITTSBURGH — High Street Residential, the multifamily development arm of Dallas-based Tramell Crow Co., and Northwestern Mutual have completed construction of Glasshouse, a 319-unit multifamily building in Pittsburgh’s South Shore neighborhood. The five-story property offers junior, one- and two-bedroom apartments ranging in size from 610 to 1,300 square feet and 3,000 square feet of ground-floor retail space. Amenities include a fitness center, clubroom and pool. Hord Coplan Macht designed the building and landscaping, and Rycon Construction was the general contractor.
NEW YORK CITY — Greystone Capital Advisors has arranged a $37 million permanent loan for the refinancing for 14-01 Broadway, an 82-unit multifamily building in the Astoria neighborhood of Queens. Amenities include a fitness center, roof terrace and outdoor lounge Greystone provided the 10-year Fannie Mae loan, which carried a fixed interest rate, for an affiliate of the Shirian Family’s Lions Group. The loan replaced a previous construction loan that was provided by Bank Leumi. Drew Fletcher, Matthew Klauer and Bryan Grover of Greystone handled the transaction.
