LEOMINSTER, MASS. — Newmark Knight Frank (NKF) has arranged the $16 million sale of The Mall at Whitney Field, a 744,107-square-foot retail center in Leominster, located approximately 42 miles northwest of Boston. At the time of sale, the property was 95 percent leased to tenants including Sears, Macy’s JCPenney, Burlington and regional grocer Market Basket. Geoffrey Millerd, Justin Smith and Paul Penman led an NKF team that represented the seller, Colony Capital. Hull Property Group was the buyer.
YORK, PA. — ROCK Commercial Real Estate has brokered the sale of a 14,138-square-foot industrial property in York, a southern suburb of Harrisburg. Located at 258 West Philadelphia St. at the site of a former steel fabrication facility, the single-tenant building was completed in 1953 and features a 12-foot ceiling height and close access to State Route 30. Ted Turnbull, Jason Turnbull and Kevin Hodge of ROCK Commercial represented the seller, Scott Real Estate Enterprises LLC. The team also procured the buyer, Trombo Enterprises LLC. The sales price was undisclosed.
QUARRYVILLE, PA — ROCK Commercial has brokered the sale of a 17,500-square-foot retail property in Quarryville, located approximately 65 miles west of Philadelphia. Located at 1007 Lancaster Pike, the property includes a main retail building sized at approximately 15,000 square feet and a small warehouse sized at approximately 2,500 square feet. Jason Turnbull and Heather Kreiger of ROCK represented the seller, CCC Real Estate Holding Co. LLC, in the transaction. Drumore Holdings LLC was the buyer. The sales price was undisclosed.
PHILADELPHIA — Norvin Healthcare has acquired 3 Crescent Drive, a 96,000-square-foot medical building in Philadelphia. The property is 100 percent leased to Thomas Jefferson University Hospitals Inc. and stands at the gateway of the Philadelphia Navy Yard. The 1,200-acre Navy Yard houses more than 165 businesses, including the South Philadelphia Sports Complex. Liberty Property Trust was the seller.
DOYLESTOWN, PA. — Newmark Knight Frank (NKF) has arranged the sale of and financing for Solana at Doylestown, a 98-unit seniors housing community in Doylestown, located approximately 35 miles north of Philadelphia. Solana at Doylestown opened in 2014 and provides assisted living and memory care services. The property was 96 percent occupied at the time of sale. Ryan Maconachy and Chad Lavender of NKF represented the seller, Atlanta-based Formation Development Group. A joint venture between LCS Senior Living and Nuveen acquired the property for an undisclosed price. Sarah Anderson and Brittany Robinson, also of NKF, secured the financing on behalf of the buyer.
NEW ENGLAND — A partnership of Massachusetts-based Winstanley Enterprises LLC and New York-based Surrey Equities LLC has acquired a 23-property supermarket portfolio primarily located in the New England area for $150 million. The total 1.4 million-square-foot portfolio comprises Stop & Shop-branded supermarkets. Property locations include 14 stores in the New England area as well as other sites in New Jersey, New York, Pennsylvania, Virginia, North Carolina, South Carolina and Georgia. Winstanley and Surrey acquired the portfolio as part of a long-term investment strategy to acquire well-located urban infill supermarkets in hard to replicate locations. The properties are triple-net leased to Ahold Lease USA Inc., a subsidiary of Dutch retail company Koninklijke Ahold Delhaize N.V. Ben Cooper and Jim Jordan of Cushman & Wakefield brokered the transaction. The seller was Philip Morris Capital Corp.
ERIE, PA. — Entertainment concept Stumpy’s Hatchet House has signed a 5,800-square-foot lease at Liberty Center I shopping center in Erie, located approximately 130 miles north of Pittsburgh. The site will include 10 hatchet-throwing pits and aims to be a social gathering place with light snacks sold onsite. Guests can bring their own wine, beer and food. Other tenants of the 230,000-square-foot shopping center include regional grocery chain Top Friendly Markets, Peebles department store and PNC Bank. Drew Baldwin of Baldwin Brothers Inc. represented Stumpy’s in the lease negotiations. Sherry Bauer of Sherry Bauer Real Estate Services represented the landlord, Levin Management Corp.
EAST NORRINGTON, PA. — CBRE has arranged the sale of the Einstein Medical Building, a 71,685-square-foot medical office in East Norrington, located approximately 20 miles north of Philadelphia. The transaction was part of a 470,000-square-foot portfolio sale that included nine properties in Pennsylvania, Illinois, Minnesota and Virginia. Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Sabrina Solomiany of CBRE arranged financing for the acquisition from a mix of life insurance companies, banks and debt funds.
LINE LEXINGTON, PA. — A partnership between Metro Storage LLC and Fremont Realty Capital (FRC) has opened a 785-unit self-storage facility in Line Lexington, located approximately 30 miles north of Philadelphia. The two-story facility, located at 4671 County Line Road, offers 79,383 rentable square feet of climate-controlled space and features interior loading bays, elevators, security and a retail office. The property is Metro’s 11th self-storage facility in Pennsylvania.
EXTON, PA. — Capitol Seniors Housing has started construction of Arbor Terrace Exton, an 86-unit assisted living and memory care community in the Philadelphia suburb of Exton. The 78,000-square-foot community will be located near major medical facilities, restaurants and shopping centers. The Arbor Company will operate the community upon completion, which is slated for winter 2020. Meyer Senior Living Studio is the designer on the project.