GREENWICH, CONN. — Marcus & Millichap has brokered the $19 million sale of a four-building, 47,256-square-foot mixed-use portfolio in Greenwich, located in southern coastal Connecticut. Known as the Nolan Thomas Portfolio, the properties comprise 17 retail spaces, 17 office suites, 10 apartments and an 11,226-square foot, single-story warehouse. Stephen Westerberg of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also not disclosed.
CHICOPEE, MASS. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $10.5 million sale of Brook Edge Apartments, an 82-unit multifamily complex in the western Massachusetts city of Chicopee. The property, which according to Apartments.com was built in 1970, comprises 36 studios, 30 one-bedroom units and 16 two-bedroom apartments. Taylor Perun of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW YORK CITY — Weaver & Tidwell LLP has signed a 36,500-square-foot office lease expansion at PENN 1, a newly redeveloped office building in Midtown Manhattan. The accounting firm is expanding from an 8,000-square-foot space on the second floor to the entire 28th floor of the 55-story building. Neil Goldmacher and Michael Horn of Newmark represented the tenant in the lease negotiations. Josh Glick, Jared Silverman and Anthony Cugini represented the landlord, Vornado Realty Trust, on an internal basis.
NEW YORK CITY — Lyceum Kennedy School has renewed its lease in Midtown Manhattan and also expanded its footprint. The international and bilingual academic institution now occupies 21,950 square feet at 815 Second Ave. between its existing space on the second floor and its new expansion onto the entire third floor. David Hoffman and Sam Hoffman of Cushman & Wakefield represented the school in the lease negotiations. Bill Savarese and Jamie DeJong of Parish Property Management represented the landlord.
FIRE ISLAND PINES, N.Y. — Brokerage firm Muroff Hospitality Group has arranged the $15.5 million sale of Fire Island Pines Resort on the southern tip of Long Island. The resort features The Blue Whale marina and restaurant, a hotel, pool, fitness center and pavilion. The sale, which also included a three-bedroom house and 16-bedroom house for employees, represents approximately 75 percent of the commercial property on Fire Island Pines. Mitch Muroff of Muroff Hospitality Group represented the buyer and seller in the transaction.
CHAMBERSBURG, PA. — Marcus & Millichap has brokered the $6.5 million sale of a retail property in Chambersburg, about 150 miles west of Philadelphia. The property houses a 5,330-square-foot building that is under construction and net leased to convenience store operator Wawa for the next 20 years. Derrick Dougherty and Scott Woodard of Marcus & Millichap represented the seller, Paramount Realty, in the transaction. Dougherty and Jacob Haslach, also with Marcus & Millichap, procured the buyer, Maryland-based investment firm W.F. Chesley Real Estate.
MALDEN, MASS. — JLL has negotiated a 60,000-square-foot life sciences lease in Malden, a northern suburb of Boston. The tenant, locally based battery maker Alsym Energy, is relocating its headquarters from nearby Woburn to Exchange 200, a 352,000-square-foot facility that is a redevelopment of a former office building. Molly Heath, Chris McCauley and Anslee Krouch of JLL represented the landlord, a joint venture between Boston-based Berkeley Investments and Chicago-based Singerman Real Estate, in the lease negotiations. Bill Lynch and Caroline Evans of Colliers represented the tenant, which will continue operations at its Woburn facility.
GREENWICH, CONN. — Sterling Investment Partners has signed a 15,000-square-foot office lease in the southern coastal Connecticut city of Greenwich. The private equity firm is taking space at 145 Mason Street, a newly renovated building located in the downtown area. James Ritman, Allan Murphy and Ben Goldstein of Newmark represented the landlord, Win Properties, in the lease negotiations. CBRE represented the tenant.
STRATFORD, CONN. — Family Care Visiting Nurses has renewed its 10,124-square-foot office lease in the southern coastal Connecticut city of Stratford. The home-based health services provider will remain at the 42,000-square-foot building at 999 Oronoque Lane for an unspecified period of time. Bruce Wettenstein of locally based brokerage firm Vidal/Wettenstein represented the landlord in the lease negotiations.
NEW YORK CITY — New York City-based developer TF Cornerstone has begun leasing Malt Drive, a 1,386-unit apartment complex in the Long Island City neighborhood of Queens. The site is located within the 30-acre Hunter’s Point South mixed-use development along a new city street that was named as a nod to the site’s history as a sugar cane processing facility that later became a beer distribution center. The two-building development houses studio, one- and two-bedroom units and includes 25,000 square feet of retail space and a 3.5-acre public park. The South building at 2-20 Malt Drive rises 33 stories and features 575 units. The adjacent North building comprises 811 apartments across two towers at 2-21 Malt Drive. Thirty percent of units at both buildings will be set aside as affordable housing and will be leased at 130 percent of the area median income. Amenities include coworking space, children’s playrooms, lounges, fitness centers, shared laundry rooms, roof decks with barbecue grills, sundecks and courtyards. SLCE Architects designed the project. Rents start at $3,600 per month for a studio apartment.