more_sales_and_leases

CBRE Brokers Trio of Industrial Leases in Secaucus, N.J.

by Haisten Willis March 29, 2017

SECAUCUS, N.J. — CBRE’s Global Port Logistics Group has brokered three lease transactions at two separate industrial properties in Secaucus. In the first transaction, CBRE represented VER, a provider of audio, video, lighting, rigging and media services, in a 223,000-square-foot lease at 50 Meadowlands Parkway. The space is part of Harmon Cove Industrial Park. VER will operate in an office and showroom featuring 30-foot ceilings and ESFR sprinklers. The CBRE team that facilitated the transaction included William Waxman, Mike Shellow, Mindy Lissner, Kevin Dudley, Steven Beyda, Robert Pine, David Gheriani and Kyle Saviano. In the second and third transactions, the same CBRE team represented landlord Bhasin Properties in lease transactions with David Donahue and Jay Joshua Inc. David Donahue, a menswear retailer, signed a 27,440-square-foot lease, while Jay Joshua Inc., an import business, signed on for 9,195 square feet at 1 County Road. JLL represented David Donahue, while Jay Joshua Inc. negotiated with CBRE directly.

March 29, 2017

Connecticut Mixed-Use Northeast Office Retail

RHYS Negotiates $10.3M Sale of Mixed-Use Portfolio in Stamford, Conn.

by Haisten Willis March 29, 2017

STAMFORD, CONN. — RHYS has negotiated the $10.3 million sale of two office/retail buildings located at 111 and 123 High Ridge Road in Stamford. Combined, the three-story buildings offer 40,000 square feet of office and retail space. The 100 percent leased portfolio sits on just over an acre, with more than 150 parking spaces on site. Christian Bangert of RHYS represented the buyer, A & E High Ridge, in the transaction. Karen Dome and Robert Haile of Coldwell Banker Commercial represented the seller, High Ridge Plaza LLC.

March 29, 2017

Massachusetts Northeast Retail

New England Retail Properties Brokers 24,000 SF Lease to Liquors 44 in Springfield, Mass.

by Haisten Willis March 28, 2017

SPRINGFIELD, MASS. — Matt Halprin of New England Retail Properties has brokered a 24,000-square-foot lease to Liquors 44 at 1755 Boston Road in Springfield. Liquors 44 is locally owned and operated.

March 28, 2017

Healthcare New Hampshire Northeast Office

The Kane Co. Negotiates Lease for Medical Office in Portsmouth, N.H.

by Haisten Willis March 28, 2017

Portsmouth, N.H. — The Kane Co. has negotiated a 4,081-square-foot lease for Medical Billing & Consulting in Portsmouth. Catie Medeiros of The Kane Co. represented the tenant in the lease at 95 Brewery Lane. Medical Billing & Consulting specializes in solving medical billing and revenue cycle challenges for healthcare clients. The property is located in the Malthouse Exchange Plaza, joining other tenants including Seacoast Sports Club, MoJo’s BBQ Grill, Portsmouth Center for Yoga and Wink Salon & Spa. Andy Fleisher of NAI Norwood Group represented the landlord in the transaction.

March 28, 2017

Industrial Texas

NAI Partners Brokers Lease Renewal for 43,298 SF Industrial Warehouse in Houston

by Katie Sloan March 28, 2017

HOUSTON, TEXAS — NAI Partners has brokered the lease renewal of a 43,298-square-foot industrial warehouse located at 4310 Campbell Road in Houston. John Ferruzzo and Chris Kugle of NAI Partners represented the tenant, Mascorp Ltd., and Steve Hazel of Insite Realty represented the landlord, Cabot, in the leasing transaction.

March 28, 2017

Florida Industrial Southeast

Berger Arranges 53,139 SF Industrial Lease for Pharmaceutical Logistics Company in Boca Raton, Florida

by Jeff Shaw March 28, 2017

BOCA RATON, FLA. — Berger Commercial Realty/CORFAC International has arranged a 53,139-square-foot industrial lease for a pharmaceutical logistics company in Boca Raton. WDSrx-Woodfield Distribution LLC will occupy the space at 6500 Park of Commerce Blvd. The 83,000-square-foot building offers 24-foot clear heights, dock loading areas and access to I-95. Exeter 6500-6500 Park of Commerce LLC owns the property. Michael Feuerman of Berger arranged the lease on behalf of WDSrx, which operates facilities in Boca Raton, Pompano Beach and Sugar Land, Texas. This will be the company’s second location in Boca Raton.

March 28, 2017

Georgia Office Southeast

Cushman & Wakefield Negotiates 23,222 SF Lease in Midtown Atlanta

by Jeff Shaw March 28, 2017

ATLANTA — Cushman & Wakefield represented NorthPoint Executive Suites in signing a 23,222-square-foot lease to occupy a full floor at One Atlantic Center located in Atlanta’s Midtown submarket. Cushman & Wakefield’s Boris Garbuz represented NorthPoint Executive Suites in the transaction. NorthPoint Executive Suites will offer upscale executive office suites and conference rooms, targeting attorneys and other professional services.

March 28, 2017

Massachusetts Northeast Retail

New England Retail Properties Brokers 22,140 Lease to Planet Fitness in Springfield, Mass.

by Haisten Willis March 27, 2017

SPRINGFIELD, MASS. — New England Retail Properties has brokered a 22,140-square-foot retail lease to Planet Fitness at the corner of Parker Street and Boston Road in Springfield. Matthew Halprin of New England Retail Properties was the only real estate broker involved in the transaction. T & R Fitness, the western Massachusetts Planet Fitness franchisee, now operates nine full-service facilities in the region. The property was previously a Circuit City electronics store that closed several years ago. Basser Kaufman 312 LLC is the landlord.

March 27, 2017

Northeast Office

Stellar Management, Imperium Capital Acquire Interest in 220 Fifth Ave. in NYC

by Haisten Willis March 27, 2017

NEW YORK CITY — Stellar Management and Imperium Capital have acquired a leasehold interest in 220 Fifth Ave. from a subsidiary of Dino & Sons Realty Corp. The Manhattan property is set to undergo several capital improvements, including a renovated lobby and modernized building systems. The partnership is also completing custom pre-builds for turn-key office space. There are currently six full floors available for lease of 9,000 square feet each. Kathy Anderson of Progress Capital represented both Stellar Management and Dino & Sons in the transaction. Built in 1912, 220 Fifth Avenue is located in Manhattan’s Flatiron District.

March 27, 2017

California Office Western

Anda Realty Capital Buys 54,961 SF Office Building in Pasadena

by Nellie Day March 27, 2017

PASADENA, CALIF. — Anda Realty Capital has purchased a 54,961-square-foot office building in Pasadena for an undisclosed sum. The seven-story building is located at 225 E. Colorado Blvd. It is situated across the street from the Paseo Colorado mixed-use development and less than two blocks from Old Town Pasadena. The property was originally built in 1912 for Citizens Savings Bank. The building’s original marble walls, wood paneling and brass finishes have been completely restored in recent years. JLL’s Tom Bohlinger and Jon Lange represented both the buyer and seller, Barker Pacific Group, in this transaction. The firm’s Brian Halpern and Alex Kane secured a bridge loan for the buyer.

March 27, 2017

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