NEWARK, N.J. — The Manischewitz Co. has opened a new 200,000-square-foot facility, located at 30 Ave. K in Newark's East Ward, for its new corporate headquarters and plant. The facility allowed the company to consolidate its operations to one building.
BROOKLYN, N.Y. — New York-based GFI Realty Services has negotiated the $10 million sale of Atlantic Gardens, eight mixed-use buildings located at 525-541 Atlantic Ave. in Brooklyn. The buildings contain 22 apartments and eight commercial units. Lon Rubackin, formerly of GFI, represented the seller, a private investor, and Rick Helfand and Shawn Sadaghati, also of GFI, represented the buyer.
MIAMI — NoBe Bay Holdings, the joint venture between 13th Floor Investments and Key International, has purchased a mixed-use property on Miami Beach; The joint venture will invest $10 million during the next year to complete construction. The property, located at 6700 Indian Creek Dr., includes a partially completed 15-story, 98 unit waterfront condominium, a 463 space parking garage and 12,000 square feet of commercial space.
NEW YORK CITY — New York City-based Eastern Consolidated has sold two mixed-use buildings, located at 448-452 Broome St. in Manhattan, for $17 million. David Schechtman, Azita Aghravi, Marion T. Jones and Brian Ezratty represented the seller, Spain-based Caixanova, and procured the buyer, a joint venture between Tavros Capital and BLH Management.
CHICAGO — Marcus & Millichap has brokered the sale of a 23,600-square-foot mixed-use property located at 1825 W. Newport Ave. in Chicago's Roscoe Village neighborhood. The property traded for $2.03 million. Occupancy was 50 percent at the time of closing. The new owner plans to operate an upscale daycare on the building's ground floor. Michael Marks and Evan Halkias of Marcus & Millichap's Chicago office represented both undisclosed parties in the deal.
NEW YORK CITY — New York City-based Massey Knakal have brokered the sale of two mixed-use buildings located at 405-407 Atlantic Ave. in Brooklyn, New York City, for $1.87 million. The properties, which total 4,500 square feet, each contain a retail unit on the ground floor and two apartments above. Stephen Palmese and Winfield Clifford of Massey Knakal represented both the buyer and the seller.
SAN FRANCISCO — Holliday Fenoglio Fowler has sold The Cannery, a 98,983-square-foot mixed-use building in San Francisco’s Fisherman’s Wharf district, for $20.58 million. The property received more than 25 offers before it was purchased free and clear of debt. The Cannery was originally built in 1907 as a peach cannery. In the past 50 years, however, the property has operated as a multi-level mixed-use center. Samuel Brownell and Nicholas Bicardo, directors at HFF, represented the seller along with HFF senior managing director Michael Leggett.
NEW YORK CITY — Meridian Capital Group has secured a $7.1 million mortgage to refinance a mixed-use property located at 344-348 West 38th St. in Manhattan. The five-year loan was secured through a local savings bank. Judah Hammer of the New York City office negotiated the financing.
JERSEY CITY, N.J. — Hackensack, N.J.-based NAI James E. Hanson has brokered the sale of a mixed-use portfolio, located at 340-342 Seventh Street in Jersey City. The portfolio included two apartment buildings, totaling seven apartments, two stores and six garages. Enn Kunnapas represented the seller, a private family, and procured the buyer, an out-of-town owner/operator who plans to convert the two existing stores into a restaurant.
HENRICO, VA. — Richmond, Va.-based The Rebkee Co. has purchased a 41-acre, mixed-use development site, anchored by an 86,750-square-foot Kroger, located in the Short Pump area of Henrico. The seller was an affiliate of the Whitehall Street Real Estate Funds, managed by Goldman Sachs. Construction has started on 125,000 square feet of retail space, 85,000 square feet of which is pre-leased to Olive Garden, Bassett Furniture, Select Comfort and a Toys “R” Us/Babies “R” Us. Upon completion, the development will also feature 79 townhome lots, although no plans have been made for that portion of the site. Cushman & Wakefield | Thalhimer is the leasing agent and LF Jennings is the general contractor on the project.