Shake Shack Holes Up in Brooklyn

New York City

Danny Meyer’s Union Square Hospitality Group is opening its first Brooklyn Shake Shack. The high-end burger stand is slated to open next spring at 409-415 Fulton St. in Downtown Brooklyn, with a 2,600-square-foot lease for ground floor space and additional space in the lower level. Barry Fishbach of Robert K. Futterman & Associates represented landlord Michael Chera of Allied Property Group in the deal, which continues the chain’s expansion. Currently it has seven locations, including four in Manhattan; its first international location is planned to debut at Kuwait’s Avenues Shopping Mall late this year.

RMG Networks has signed a 10-year, five-month lease for 7,371 square feet of office space at ATCO Properties & Management’s 630 Third Ave. Newmark Knight Frank’s Arthur Draznin and Ryan Baum represented ATCO, while a Studley team of Joseph Genovesi and Casey Lewis represented the tenant.

Boston

Public relations agency PAN Communications is relocating to a 15,181-square-foot at 255 State St. here. Rick Lowe, Joe Doyle and Joe Sciolla, all of CresaPartners’ Bioston office, represented PAN in its move from 300 Brickstone Square in Andover, MA. Landlord Pembroke Real Estate was represented by Debra Gould and Tim Bianchi of Cushman & Wakefield.

Another Cresa team, including Adam Subber, Dan Sullivan and Chris Crooks, represented the Salter School in a 10-year, 17,469-square-foot office lease at 1250 Hancock St. in Quincy, MA., It’s a new location for the Salter School, which has other locations throughout the state in Malden, Tewksbury, Fall River and New Bedford. Ellison Patten of Lincoln Property Co. represented owner TR Presidents Place.

Connecticut

Steve Witten and Victor Nolletti of Marcus & Millichap Real Estate Investment Services have arranged the $6.1-million sale of two multifamily complexes: Fernwood Apartments at 44-46 Camp St. in Middletown, CT, and Westridge Apartments at 270 High St. in Torrington, CT. Combined, the two complexes total 129 units, with the 96-unit Fernwood accounting for $5 million of the purchase price. The seller was Hunter Realty, LLC and the buyer was CT Metro Holdings I & II, Corp.

Upstate New York

The Community Preservation Corp. has closed on an $11.5-million Freddie Mac Capital Markets Execution permanent loan to refinance the construction of the 99-unit Winner’s Circle at Saratoga apartment complex in Ballston Spa, NY. The borrower is Kaydeross Village LLC, owned by Thomas J. Samascott, president and owner of Malta Development Co. CPC’s Christopher Betts handled the transaction; the complex is the first phase in the development of a 123-acre parcel that will eventually consist of 586 apartments.