NEW YORK CITY — Alpha Realty arranged the sale of a mixed-use building located at 133 W. Third St. in Manhattan’s Greenwich Village. An undisclosed buyer acquired the 6,200-square-foot property for $8.8 million, or $1,437 per square foot. The building features seven apartments and one retail space. Scott Schwartz of Alpha Realty represented the buyer, while Michael Coratolo of Coratolo Associates and Jim Mann of Friedman Roth represented the seller in the deal.
GREAT NECK, N.Y. — Nassimi Realty has acquired a retail strip center located at 25 Cuttermill Road in Great Neck for an undisclosed price. The property features approximately 11,250 square feet of retail space, including a 4,160-square-foot basement. At the time of acquisition, seven of the property’s 11 retail spaces were occupied. The name of the seller was not released.
WHITE PLAINS, N.Y. — Marcus & Millichap has brokered the sale of a single-tenant retail building located at 75 Mamaroneck Ave. in White Plains. A private investor sold the building to an undisclosed buyer for $2.1 million. Built in circa 1923, the building features a total of 5,300 square feet above grade and 800 square feet on the second floor. Joseph C. French Jr. and Roger Reddy Jr. of Marcus & Millichap represented the seller in the transaction.
PHOENIX — HQ Capital Real Estate has sold the 248-unit Crestone at Shadow Mountain apartments in Phoenix for an undisclosed sum. The community is located at 3033 E. Thunderbird Road in the Paradise Valley submarket. A group of institutional investors purchased the asset. The group plans to renovate the building’s common areas and unit interiors. CBRE represented HQ Capital Real Estate in this transaction.
NEW YORK CITY — Children’s Museum of Manhattan has acquired a new property located at 361 Central Park W. in Manhattan’s Upper West Side. 361 Central Park West LLC sold the property for $45 million. Children’s Museum of Manhattan plans to move its primary operations at 212 W. 83rd St. to the new location, which is a landmarked structure and a former church designed by Carrère & Hastings. The museum plans to open at the new location in 2021. Andrew Chonoles, Ross Yustein, Christopher Terry and Michael Scharpf of law firm Kleinberg Kaplan represented the museum in the acquisition.
NEW YORK CITY — Ariel Property Advisors has arranged the sale of a development site package located at 94 and 100 Lenox Road in Brooklyn’s Flatbush neighborhood. The 45,500-square-foot development site sold for $9.9 million, or $218 per buildable square foot. Zoned R74, plans for 100 Lenox Road call for for a seven-story, 31-unit apartment building. Alexander McGee, Shimon Shkury, Sean Kelly and Daniel Tropp of Ariel Property Advisors facilitated the sale for the undisclosed buyer and seller.
DREXEL HILL, PA. — Marcus & Millichap has brokered the sale of Yorkshire Court, an apartment building located at 740 Burmont Road in Drexel Hill. An undisclosed buyer purchased the property for $1.7 million. The 30-unit community features a mix of studio units and 24 one-bedroom/one-bath units. Clarke Talone, Daniel Bernard, Ridge MacLaren and Andrew Townsend of Marcus & Millichap represented the seller in the deal. Matthew Rosenberg, also with Marcus & Millichap, arranged acquisition financing for the transaction. The non-recourse, seven-year loan was structured with a fixed 3.65 percent interest rate and a 30-year amortization schedule.
MODESTO, CALIF. — Pactra USA has leased 184,350 square feet at Tracy Pescadero Distribution Center, just west of Modesto. The center is located at 1700 E. Pescadero Ave. The transaction brings the building to 100 percent occupancy. The building features 57 dock-high doors, 32-foot clear heights and a easy access to major transportation arterials including Interstate 205, Interstate 5, Interstate 580 and Highway 99. Cushman & Wakefield represented the 3PL service provider. CBRE represented the landlord, Ridgeline Property Group and LaSalle Investment Management, in this transaction.
HOUSTON — Boyd Commercial has negotiated a 45,025-square-foot industrial lease at 9725 Kirkton Drive on Houston’s northwest side. Greg Barra and Mike Boyd of Boyd Commercial represented the tenant, Erne Fittings USA, a manufacturer of pipe fittings for permanent welds. Ryan Wasaff and Brad Berry represented the landlord, Welcome Group, internally.
SAN FRANCISCO — NKF Capital Markets has arranged the sale of Diamond Heights Shopping Center, a 75,630-square-foot retail center in San Francisco. Nicholas Bicardo, Brandon Rogoff and Bryce Holman of NKF Capital Markets arranged the transaction on behalf of the private seller. Donahue Schriber acquired the asset for an undisclosed price. Safeway anchors the center, which is also home to Walgreens, Bank of America and the United States Postal Service.
