Mixed-Use

HARRISON, N.J. — Meridian Capital Corp. has arranged $49 million in permanent financing for the recently constructed Harrison Station multifamily building in Harrison. The four-story multifamily complex includes 275 luxury apartments and seven retail spaces along Frank East Rogers Boulevard Harrison Building 1 Urban Renewal, a joint venture between Ironstate Holdings and The Pegasus Group, is developing the property. David Cohen and Russ Drebin of Meridian Capital Group negotiated the 10-year Freddie Mac loan.

SCARSDALE, N.Y. — L&B Realty Advisors has purchased 7 and 17 Popham Roade, a two-building retail, medical and recreational-use building in Scarsdale. The 38,510-square-foot property is adjacent to the Scarsdale Metro North train station and is 20 miles north of New York City. The buildings are fully leased and tenants include CVS/pharmacy and Webster Bank. Andrew Scandalios, Jose Cruz, Jeffrey Julien and Kevin O'Hearn led the HFF team that represented the sellers, F&R Popoham LLC and F&R Constitution LLC.

NEW YORK CITY — Besen & Associates has arranged the $7.5 million sale of a mixed-use property at 1444 Third Ave. in the Upper East Side of Manhattan. The four-story, 7,197-square-foot building includes a restaurant with two years remaining on its lease and nine apartments. The new owner plans to redevelop the property into a boutique condominium.

SIMSBURY, CONN. — EagleBridge Capital has arranged $10.8 million in mortgage financing for the first phase of Dorset Crossing in Simbsbury. Dorset Crossing is a mixed-use development on Route 10. Phase I will include two, 15,000-square-foot medical office buildings. Additional buildings in this phase include a 20,000-square-foot medical office building, a 14,000-square-foot retail building and a 3,500-square-foot retail property. Up to 275 apartment units and three additional sites for general commercial use are planned for Phase II. Saint Francis Hospital and Medical Center of Hartford has leased 10,000 square feet in the first building. Ted Sidel and Brian Sheehan of EagleBridge arranged the loan through a financial institution.

BOSTON — Suffolk Construction has been selected to manage the construction of One Channel Center in Boston's Innovation District. A joint venture between AREA Property Partners and Commonwealth Ventures is developing the $125 million project. Crews will construct a 525,000-square-foot, 11-story office building and a 10-level parking garage. When complete, State Street Corp. will occupy the building. The scope of the project will also include the creation of two open-space areas: the 72,000-square-foot New Park and the 9,000-square-foot Iron State Park. The Suffolk project team will also manage streetscape improvements such as new sidewalks, trees and lighting. Suffolk is partnering with architecture firm ADD Inc. for the office portion of the project and architect Spalding Tougias Architects for the parking garage. Construction is scheduled for completion in 2014.