more_sales_and_leases

WINDHAM, MAINE — Cardente Real Estate has arranged the lease of 3,092 square feet of restaurant space in Windham. C2 Realty, a New York-based Japanese restaurant group, will occupy the space at 818 Roosevelt Trail. The landlord is Joy Real Estate of Lisbon LLC. Mark Sandler of Cardente Real Estate brokered the transaction.

FacebookTwitterLinkedinEmail
1075-King-George-Post-Edison-NJ

EDISON, N.J. — Domino’s Pizza has signed a lease for a 182,000-square-foot warehouse, located at 1075 King George Post Road in Edison. Domino’s plans to use the facility, which was developed by Liberty Property Trust, as a food processing and distribution center. Ken Ashley, John Wilkinson, Sam Hollis, Whitney Hembree, Matt Marshall and Jeff Williams of Cushman & Wakefield represented the tenant, while Chuck Fern, also of Cushman & Wakefield, represented the landlord in the lease.

FacebookTwitterLinkedinEmail
319-Palisade-Ave-Cliffside-Park-NJ

CLIFFSIDE PARK AND PATERSON, N.J. — Gebroe-Hammer Associates has brokered the sales of three multifamily properties located in Cliffside Park and Paterson. Debbie Pomerantz of Gebroe-Hammer represented the sellers in both transactions. Nicholas Nicolaou, also of Gebroe-Hammer, represented the buyer in the Cliffside Park deal, while Pomerantz represented the buyer in the Paterson transaction. In Cliffside Park, an undisclosed buyer acquired a three-story building, located at 319 Palisade Ave., with 19 condominium-style units for $5.45 million, or $286,842 per unit. The one- and two-bedroom units feature hardwood floors, spacious layouts, central air conditioning and in-unit washers/dryers. Community amenities include a ground-level parking garage with direct elevator access. The name of the seller was not released. In Paterson, an undisclosed seller sold two buildings, located at 764-768 21st St. and 549-553 E. 38th St., for $3.2 million to an undisclosed buyer. The properties offer a total of 34 separately metered residential units.

FacebookTwitterLinkedinEmail
926-Plaza-Cherry-Hill-NJ

CHERRY HILL, N.J. — Marcus & Millichap has brokered the sale of 926 Plaza, a retail strip center located at 926 Haddonfield Road in Cherry Hill. An undisclosed buyer acquired the property for $4.2 million, or $298 per square foot. The UPS Store, Sherwin Williams, Primo Hoagies and local businesses occupy the 14,123-square-foot property. Shannon Bona, Mark Taylor and Derrick Dougherty of Marcus & Millichap represented the undisclosed seller, while Michael Lombardi, also of Marcus & Millichap, represented the buyer in the transaction.

FacebookTwitterLinkedinEmail

CHICAGO — Horizon Realty Services has arranged two retail leases for Kilwins in the Chicago area. The chocolate and ice cream store leased 1,409 square feet at the vintage Metropolitan Tower building located at 310 S. Michigan Ave. in Chicago’s South Loop. The store is slated to open this summer. In Naperville, Kilwins leased a former restaurant space totaling 1,864 square feet. Located at 36 W. Jefferson Ave., the store is slated to open in the first quarter of 2018. Kilwins maintains approximately 114 stores nationally, seven of which are in the Chicago market. Stuart Lenhoff and Jason Lenhoff of Horizon Realty brokered the lease transactions on behalf of Kilwins.

FacebookTwitterLinkedinEmail

FORT OGLETHORPE, GA. — The Cooper Commercial Investment Group has brokered the $1.7 million sale of The Forts Shopping Center, a 4,200-square-foot retail asset located in Fort Oglethorpe, about 9 miles south of Chattanooga in Georgia. The property’s tenant roster includes Moe’s Southwest Grill and Supercuts. Bob Havasi and Dan Cooper of Cooper Commercial represented the Tennessee-based seller in the transaction. The Georgia-based buyer purchased The Forts for roughly $411 per square foot.

FacebookTwitterLinkedinEmail

COSTA MESA, CALIF. — Philip Voorhees of CBRE has arranged the $13.8 million sale of Newport 17th Plaza, a 28,450-square-foot retail center anchored by Chase Bank, Growers Direct and The Butchery in Costa Mesa. The property is located at 101, 103 and 105 E. 17th St. Voorhees represented the seller, WOHL/CM LLC, while Chase Associates LLC represented the buyer, Newport 17 LLC.

FacebookTwitterLinkedinEmail

MIDDLETOWN, PA. — Cushman & Wakefield has brokered the $76.1 million sale of Capital Logistics Center in Middletown. An affiliated entity of Dermody Properties purchased the five-building industrial portfolio from a joint venture partnership of Woodmont Industrial Partners and AEW Capital Management. Cushman & Wakefield’s Gerry Blinebury and Gary Gabriel represented the seller. The buyer was represented in-house. Capital Logistics Center totals 1.3 million square feet and is 74 percent occupied. An additional 133,800 square feet remains available for development. The property is located near I-81 and the Pennsylvania Turnpike.

FacebookTwitterLinkedinEmail

NEW YORK CITY — Marcus & Millichap has arranged the $20.5 million sale of 30-58 34th St. and 30-64 34th St., a pair of five-story apartment buildings totaling 70 units in the Astoria neighborhood of Queens. The sales price equates to almost $293,000 per unit. Peter Von Der Ahe, Joe Koicim, Shaun Riney, Noah Kossoff and Dylan Walsh of Marcus & Millichap represented the seller, Takis Tsagronis, and procured the buyer, Urban American. Located near the 30th Avenue subway station, the properties total 49,600 square feet and feature 48 one-bedroom units, 16 two-bedroom units and six three-bedroom units.

FacebookTwitterLinkedinEmail