Mixed-Use

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.

NEW YORK CITY — GFI Realty Services has arranged the $9.4 million sale of 750 10th Ave., a mixed-use building in Manhattan built in the early 1900s. The sale translates to $600 per square foot. The five-story building contains 20 apartments and four stores totaling 15,506 square feet. Barak Jacobov and Shulem Paneth of GFI Realty Services represented the seller in the transaction. Ohad Babo, also of GIF Realty Services, represented the buyer, a local investor.

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.