New York City

The owners of the 20-story office tower at 386 Park Ave. South, Savanna and Monday Properties, have closed on a $58-million loan that will finance a capital improvement plan. PCCP LLC provided the financing; Adam Spies of Eastdil Secured represented the property’s ownership. Additionally, Chase Bank has signed an 11-year lease renewal of its 12,000-square-foot retail space at 386 PAS, which it has occupied since 1970. David A. Green and Steven Soutendijk of Cushman & Wakefield represented Chase in the lease, while Jordan Berger of Monday Properties represented ownership.

72 Sullivan (NY), LLC has closed on the $20.25-million purchase of a development site at 72-82 Sullivan St., also known as 140 Ave. of the Americas, from 72-82 Sullivan Owner LLC. The 11,470 square foot trapezoid shaped parcel was previously encumbered by a Mobil gas station, which was leveled in 2007. Edmond Levy of Cornerstone Real Estate Investments was the sole broker in the deal.

Robert K. Futterman & Associates’ Brandon Singer recently arranged a 6,000-square-foot retail lease with new tattoo parlor New York Ink at 43 Wooster St in Manhattan’s Soho neighborhood, on behalf of property owner 43 Wooster LLC. The new space will serve as the location for the latest spin-off of the reality television series Miami Ink, which will be developed by the same owners and producers. Principal Ami James and Production Company Original Media were represented by Isaac Kashanian at Metropolitan Property Group.  

David Levy of Adams & Co. Real Estate recently brokered six renewals at 10 W. 33rd St. for a total of 6,727-square-feet on behalf of owner Ten West Thirty Third Associates. They include a three-year, 2,350-square-foot lease for Alliance Wholesale Corp.; a four-year, 1,404-square-foot lease for S. Fielding Accessories Ltd; a 962-square-foot lease for Intercontinental Leathern Industries Inc.; an 880-square-foot lease for Niche 212, LLC; a three-year, 684-square-foot lease for Print Studio; and a 447-square-foot lease for SD Wholesale, LLC.

Sierra Realty Corp.’s Peter Braus and Peter Levitanhave secured a 10-year, 1,400-square-foot retail lease at 123 Baxter St. for new streetwear/skate gear shop Dave’s Wearhouse. The new store represents a collaboration among Dave Ortiz, founder of Dave’s Quality Meat/DQM, SHUT skateboards founder Kevin Carney and Victor Salerno, partner at law firm DLA Piper. Sierra exclusively represented both the tenant and landlord LPS Baxter Holding LLC.

Long Island

Piedmont Office Realty Trust has leased 37,601 square feet at 5000 Corporate Ct. in Holtsville, NY to the General Services Administration on behalf of the Internal Revenue Service. The IRS will occupy the space for 10 years. Piedmont was represented by Raymond Ruiz, Marianne Dugan, Doug Seale and Brian Cruz of Jones Lang LaSalle’s Melville, NY office, who worked closely with Alex Valente and George Wells of Piedmont. The tenant was represented by Melissa Hein with Studley.

Westchester County

Phoenix Realty Group and Property Resources Corp. have jointly acquired Beacon Hill Gardens, a 14-building, 256-unit apartment complex in Dobbs Ferry, NY, from an undisclosed seller. The $28-million deal is reportedly among the largest multifamily buys in Westchester County since 2006; the new owners plan an upgrade. The JV was represented by Siano & Company Ltd.

Connecticut

A two-property, 346-unit portfolio comprised of the Northwood and Villagewood Apartments in Waterbury, CT has changed hands for $19.2 million. Steve Witten and Victor Nolletti of Marcus & Millichap Real Estate Investment Services’ New Haven, CT office were the sole brokers in the deal. The seller was New Life Preperty Limited Partnership and New Year Preperty Limited Partnership, which was represented by Shelley and Ed Marcus of the Marcus Law Firm. The buyer was Paredim Acquisitions LLC an affiliate of Paredim Partners LLC, which has grown its portfolio of Connecticut multifamily properties to approximately 1,200 units. Paredim’s legal representation came from Mitchell Jaffe of Brenner, Saltzman & Wallman LLP and Rolan Young of Berchem, Moses & Devlin.

Boston

A pair of apartment buildings totaling 20 residential units in Boston’s Beacon Hill section have sold to the Mount Vernon Co. for $4.8 million, or $464 per square foot. Boston Realty Advisors was retained to sell both buildings, at 86 and 120 Charles St., by an undisclosed seller this past September. BRA’s Jason Weissman negotiated the sale.