NEW YORK CITY — Delshah Capital has purchased all of the senior liens on 55-57 Gansevoort St., a 26,000-square-foot mixed-use building in the Meatpacking District, from Capital One. The amount owed on the senior liens is approximately $30 million. DelShah has also restructured the lease with Villa Pacri LLC, a restaurant that occupies three floors of the building. The property is also home to the nightclub Gun Bar. About 10,363 square feet of commercial space is currently vacant.
DES MOINES, Iowa — Metonic Real Estate Services, an entity formed by the Silverman family of Omaha, has purchased West Glen Town Center in Des Moines for $34.5 million. The property was in receivership at the time of sale with two different receivers. The mixed-use development was built in two phases in 2006 and 2008. The center includes 418,000 square feet of retail as well as office space and 123 apartments. Ember Grummons of Investors Realty represented the buyer. The Silverman family owns mutlifamily properties and other developments in the Midwest. Through Metonic, the family plans to attract additional retailers to the site, which is 60 percent occupied in the commercial and office spaces. World Group Commercial Real Estate will manage the center.
NORTON, MASS. — Bodek & Rhodes, an apparel company, has signed a 209,000-square-foot lease expansion at 176 S. Washington St. in Norton. The company also extended its lease by seven years. Located within Norton Commerce Center, 176 S. Washington St. is a warehouse, distribution and office building with 28-foot clear height ceilings and access from I-495. Catherin Minnerly and Ovar Osvold of NAI Hunneman represented the landlord, Paradigm Properties, in the transaction. Rick Schuhwerk and Anthony Coskren of Jones Lang LaSalle represented the tenant.
NEW YORK CITY — Urban American has sold three mixed-use properties in Brooklyn for $18.1 million. The properties are located at 350 Empire Blvd. and 441 Brooklyn Ave. in Prospect-Lefferts Garden and 305 E. 34th St. in East Flatbush. The buildings encompass 157,255 square feet, consisting of 154 apartments and five commercial spaces. Bob Knakal and Michael Amirkhanian of Massey Knakal represented Urban American in the transaction. David Berger and Aaron Jungreis of Rosewood Realty Group represented the buyer, Sol Kopelowitz, a local real estate investor.
MUNCIE, IND. — Ball State is finalizing a construction project the university hopes will spur business growth and development in The Village, a retail and residential district on the southeast corner of campus. McKinley Commons will be a living-learning facility operated by the university for students in the hospitality and food management program. It is expected to include two restaurants, a student-run sales area, large and small meeting rooms and a lodging facility with approximately 100 rooms that will replace the university's current hotel in the L.A. Pittenger Student Center.
NEW YORK CITY — Massey Knakal has arranged the $11.4 million sale of three properties in Manhattan's Greenwich Village neighborhood. The sale includes 175-177 MacDougal St., two mixed-use buildings built in 1837. The building contains 10 apartments, two retail spaces and two commercial spaces. The third building is 179 MacDougal St., a one-story building with five retail tenants. The lower level once housed the former Bon Soir club, where Barbra Streisand launched her career. James Nelson of Massey Knakal Realty Services represented both the buyer, an investor, and seller, a long-term owner, in the deal.
NEW YORK CITY — A joint venture between Waterbridge Capital and RedSky Capital has acquired a 110,000-square-foot parcel in Williamsburg for $66 million. Gabe Saffioti and Benjamin Trapper of Eastern Consolidated introduced the two firms for the purpose of arranging the joint venture The Bedford Avenue parcels are situated across the street from a new Whole Foods and include 237-241 Bedford Ave.; 158-160 N. Fourth St.; and 151-173 N. Third St. Combined, they comprise 50,000 square feet of retail space, 39 residential units and a 5,000-square-foot vacant lot. The new owners plan to redevelop and improve the retail spaces.
NEW YORK CITY — Bogart Plaza has purchased a 46,000-square-foot parcel at 79 Bogart St. in Brooklyn for $4.3 million. 79 Bogart St. is one of the last large, vacant spaces in the mixed-use area of Brooklyn. Joel Kohn and Avrum Lieber of Kalmon Dolgin Affiliates represented the seller, BBM LLC, in the transaction. Jacques Wadler, also of Kalmon Dolgin Affiliates, represented the buyer.
DES MOINES — The Silverman family has purchased West Glen Tower, a mixed-use property in West Des Moines for $34.5 million. The 400,000-square-foot property includes retail, office, entertainment and apartment space. The mixed-use center was completed in 2008, with three lots yet to be developed. Based on local business journal reports, its 123 residential units are 70 percent occupied but its office buildings are largely vacant. World Group Commercial Real Estate of Omaha, an affiliate of the Silverman family, will manage the property. Metonic Real Estate Services represented the Silverman family, which owns developments across the Midwest, in the deal.
NEW YORK CITY — Hidrock Realty has purchased a 6,160-square-foot development site at 133-135 Greenwich Street in Manhattan for $28 million. The site has approved design plans created by architect Costas Kondylis for the construction of a 150,000-square-foot mixed-use building. David Schechtman and Lipa Lieberman of the New York City office of Eastern Consolidated represented the buyer in the deal. Adelaide Polsinelli and Robert Khodadadian of the same office procured the buyer. Developer Sam Zell had previously bid on the site in 2010 after its Israeli owners filed for bankruptcy. They had paid $45 million at the height of the real estate boom and planned a 203-room hotel.