TRUMBULL, CONN. — FujiFilm North America Group has signed a 3,976-square-foot office lease in Trumbull. Located at 204 Spring Hill Road, the 40,705-square-foot building was built in 1990. Jon Angel of Angel Commercial represented the landlord, Trefoil Park Properties LLC, in the transaction. FujiFilm will relocate from an office in Norwalk.
HAMILTON, N.J. — HFF has brokered the $20.5 million sale of a 44,975-square-foot truck terminal in Hamilton. Located at 49 Thomas J. Rhodes Industrial Drive, the fully leased facility includes 101 dock-high doors and one drive-in door. Built in 2009, the property is currently occupied by YRC Freight. Jose Cruz, Marc Duval, Jordan Avanzato and Mark Mahasky represented the seller, Matrix Development Group, in the transaction. The buyer was Realterm Logistics.
PHILADELPHIA — Arbor Realty Trust has arranged a $6.4 million loan to refinance a 39-unit multifamily property in Philadelphia. Located at 1555 S. 15th St., the property was built in 2018 and includes a shared backyard as well as gourmet-style kitchens. Jared Stein of Arbor’s New York City office secured the seven-year, fixed-rate DUS loan on behalf of the undisclosed borrower. The lender was Fannie Mae. Terms of financing include two years of interest-only payments.
CoastalStates Bank Provides $6.5M Acquisition Financing for Assisted Living Community in Connecticut
DANBURY, CONN. — CoastalStates Bank has provided a $6.5 million senior loan for a 48-unit assisted living community in Danbury, approximately 60 miles northeast of Manhattan. The borrower is Woodbine Senior Living. The loan will be used for the acquisition and stabilization of the 42,198-square-foot facility. Woodbine Senior Living partnered with Locust Point Capital Inc. and affiliates, which provided a $3.8 million preferred equity investment.
NEW YORK CITY — Rosewood Realty has arranged the $3.7 million sale of a four-story apartment building in the Harlem neighborhood of New York City. Located at 2032 Fifth Ave., the 6,090-square-foot property was built in 1909 and consists of eight units. Aaron Jungreis and Jonathan Brody represented the seller, Omek Capital, in the transaction. The buyer was a private investor. The townhouse sold for 14.8 times the current rent roll and at a capitalization rate of 5.4 percent.
NEW YORK CITY — Marcus & Millichap has negotiated the $1.7 million sale of a 5,000-square-foot development site in Brooklyn. The property is located at 46 Diamond St. Shaun Riney and Michael Salvatico of Marcus & Millichap’s Brooklyn office represented the seller, a private investor, in the transaction. The buyer was also a private investor.
GARDEN CITY, N.Y. — HFF has brokered the $11.4 million sale of a medical office building in the Long Island village of Garden City. Located at 224 7th St., the 16,920-square-foot property was built in 1969 and converted to a medical imaging facility in 2007. The facility is currently triple-net leased to the New York University School of Medicine. HFF represented the seller, Meridian Imaging Group, in the transaction. The buyer was undisclosed. Inland Real Estate Acquisitions facilitated the transaction.
SPRINGFIELD, MASS. — The SilverBrick Group has completed the renovation of SilverBrick Square in Springfield. Located at 122 Chestnut St., the 120,000-square-foot building is a former YMCA property. The newly renovated, 99-unit apartment community now includes new finishes in units and common areas as well as a new fitness center. Emerald Creek Capital provided an $8 million bridge loan to SilverBrick Group for the renovations. Terms of the loan were not disclosed.
NEWARK, N.J. — Marcus & Millichap has negotiated the $2.6 million sale of a two-building apartment community in Newark. Located at 101 Treacy Ave. and 491 Clinton Ave., the two buildings consist of 35 units and three commercial spaces. Richard Gatto, Fahri Ozturk and Thomas Cleary in Marcus & Millichap’s New Jersey office represented the undisclosed seller in the transaction. The buyer was undisclosed.
PROVIDENCE, R.I. — Sweeney Real Estate has arranged the $1 million sale of an industrial facility in Providence. Located at 382-420 and 780 Harris Ave., the 21,649-square-foot property is located on nearly one acre. Thomas Sweeney, of Sweeney Real Estate represented the buyer, Partial Research Group LLC, in the transaction. Jim DeRentis of Residential Properties represented the seller, Bone House LLC.