NEW YORK — Macy's Inc. plans to open two new stores in New York during the next two years. The first is a 160,000-square-foot Macy's in the Mall at Bay Plaza in the Bronx that will open in fall 2013 or spring 2014. The new store will be built as part of Prestige Properties' expansion of Bay Plaza Shopping Center. The second is a 200,000-square-foot Macy's that will replace an existing Macy's store in Westfield South Shore in Bay Shore, N.Y. Construction will begin in mid-2012 and the store is expected to open in 2013.
PERTH AMBOY, N.J. — Bunzl Northwest, a national distributor of outsourced food, cleaning and safety products, has signed a seven-year, 132,410-square foot lease at Perth Amboy Business Park in Perth Amboy, N.J. The industrial complex is owned by Matrix Development Group and Morgan Stanley. Bunzl Northwest was represented by Cassidy Turley's Jonathan Tesser and Mark Sonnenberg.
MORRISTOWN, N.J. — A $2.5 million renovation at The Club of Morristown, a 36,000-square-foot fitness center in Morristown, N.J., is complete. Renovations include a new salt water pool, exercise equipment and a new full-service spa. The project development team included Fisher Development Associates and the Olnick Organization.
EAST HARTFORD, CONN. — H&H Linens Services Inc. has signed a 23,000-square-foot lease at 45 Belden St. in East Hartford, Conn. from 45 Belden Street Co. LLP. Carl Zoephel and Nicholas Morizio of Colliers International's New Haven, Conn. office represented the landlord in the transaction. Delia Realtors represented the tenant.
TARRYTOWN, N.Y. —Webster Bank has provided $21.3 million in construction and permanent financing for a new, 100,000-square-foot retail center on Tarrytown Road in Tarrytown, N.Y. The loan will finance the ground-up construction of a Super Stop & Shop and retail center, led by the New York-based Robert Martin Co. and Halpern Organization. Developers have broken ground on the project and completion of the first phase is slated for spring 2012.
FORT WORTH — Education Realty Trust has agreed to purchase the leasehold interest of the 244-unit GrandMarc at Westberry Place, a collegiate housing community on the campus of Texas Christian University in Fort Worth, for $54.7 million. The transaction is expected to close in mid-November. The property is 97.8 percent leased and is subject to a 53-year ground lease with TCU. In addition, the housing community includes 30,000-square-feet of ground floor retail that is currently 100 percent leased.
HOUSTON — Marcus & Millichap has brokered the sale of the 14,000-square foot Red Oak Surgery Center, an ambulatory facility located at 17322 Red Oak Dr. on the campus of Houston Northwest Medical Center. The facility is operated by Dallas-based Tenet Healthcare. Tanner McGraw of Marcus & Millichap's Houston office represented the seller, a private investor, in the transaction and secured the buyer, a private investor.
GROVES — Store It! @ Groves has purchased a 575-unit self storage facility, located at 6701 Gulfway Dr. in Groves. Houston-based The Jenkins Organization will operate the 67,013-square-foot facility. Steve Mellon of Grubb & Ellis' Houston office and Pete Williams of the firm's Memphis, Tenn., office represented the seller, MLCFC 2006-4 Gulfway Storage LLC, in the transaction.
KELLER — Santa Ana, Calif.-based Daymark Realty Advisors has secured a $21.4 million bridge loan for the 273-unit Enclave on Golden Triangle, a garden-style multifamily community located at 5001 Golden Triangle Blvd. in Keller. The 6-month loan was originated by Berkadia Commercial Mortgage.
FLOWER MOUND — NorthMarq Capital has arranged $3.9 million in permanent financing for the 30,939-square-foot Towne View Plaza, a shopping center located at 1900 Long Prairie Rd. in Flower Mound. John Stewart and Brock Yaffe of NorthMarq's Denver office arranged the financing through a credit union in Texas.