Mixed-Use

NEW YORK CITY — Howard Hughes Corp. has revealed a new plan to redevelop Pier 17 at its South Street Seaport property in Manhattan. The plan calls for replacing the current mall with a modern glass-enclosed, three-story structure complete with stores and restaurants. The center will include an open rooftop space to be used for concerts and other events. The redevelopment is part of an agreement under its ground lease with the New York City Economic Development Corp. The Pier 17 project is expected to be completed in 2015.

BOSTON — Fantini & Gorga has arranged a $13 million loan for the refinancing of 200 Portland St., a 97,000-square-foot office and retail building in Boston. Commerce Bank provided the loan to the borrower, Deajan Holdings PLC, a London-based real estate company. The property is located in the Bulfinch Triangle area of Boston, across the street from the Tip O'Neill Federal Building and TD Garden.

NEW YORK CITY — Meridian Capital Group has arranged $20.2 million in acquisition financing on behalf of American Realty Capital. The company purchased three retail and office buildings at the intersection of Kings Highway and Coney Island avenues in Brooklyn. American Realty initially financed the purchase using equity and by drawing on its credit facility. The company repaid the credit facility with a five-year loan arranged by Meridian. Tal Bar-Or of Meridian negotiated the new loan, which includes a fixed-rate under 3.5 percent.

WATERBURY, CONN. — VBF LLC has acquired a mixed-use property at 380 West Main St. in Waterbury for $1.4 million. The property, originally constructed as the Waterbury Hotel in 1910, was converted to apartment use in the 1980s. The building includes 49 apartments and six retail stores totaling 13,300 square feet. The apartments were 95 percent occupied and the retail space was fully occupied at the time of sale. Rick Chozick and Steve Pappas Chozick Realty represented the seller, Rational Real Estate IV LLC in the transaction. They also procured the buyer.

AMHERST, N.H. — Marmon Utility has purchased a 53,000-square-foot industrial and retail building on Route 101A in Amherst. Marmon Utility's local division, Hendrix Molded Products, plans to relocate its molding operations from Milford to the facility in Amherst. Jeanne Butler of NAI Norwood Group represented the seller, Ceratec Corp., in the transaction. Brad Vear of Vear Commercial represented the buyer.