In honor of Veterans Day, Cushman & Wakefield has named global brokerage chairman Bruce Mosler chair of a veterans initiative. Meanwhile this week, Related Beal topped off its mixed-use project at Parcel 1B in Boston and a national commercial brokerage firm established a New England beachhead.
Deal Tracker Daily
JAMAICA, NY—Jewel Human Services has signed an 8,434-square-foot least at 152-31 134th Ave. in Jamaica, Queens. The property is part of the Seagis JFK portfolio of 43 office and warehouse properties at JFK Airport. Brian Pinnola, principal of NAI Long Island, completed the deal.
RANDOLPH, NJ—NAI James E. Hanson has brokered the sale of a 1.6-acre lot at 1021 Route 10 here. NAI Hanson's Joe Vindigni and Sig Schorr negotiated the sale on behalf of the buyer, Rt. 10 Randolph LLC, and the seller, 1021 Rt. 10 LLC. The lot features one office building and one industrial building totaling 3,000 square-feet. No financial details of the transaction were released.
CENTRAL ISLIP, NY— L&J Restaurant Equipment has purchased warehouse space in Brooklyn and on Long Island. The restaurant equipment supplier purchased a 140,000-square-foot warehouse at 350 Eastview Dr. here for $9.5 million and signed a long-term, 30,000-square-foot lease at 380 Morgan Ave., in East Williamsburg, Brooklyn. At 380 Morgan Ave., Linda Wong of Kalmon Dolgin Affiliates represented the tenant in the deal, while Paul Yuras of DY Realty represented the landlord, 380 Morgan Avenue Associates.
NEW YORK CITY—Design firm COOPER CARRY has opened a restaurant, hospitality interiors and club design studio here, at 75 Broad St. in Lower Manhattan. Hospitality design veteran Ray Chung will lead the new studio, which spans approximately 5,000 square feet.
News & Notables
NEW YORK CITY—Cushman & Wakefield's chairman of global brokerage, Bruce Mosler, has been appointed chair of the veterans initiative at the firm. He will oversee a comprehensive program aimed at hiring United States veterans into various service lines and geographies. In addition to his role at C&W, Mosler serves as the co-chairman of the Intrepid, Sea, Air and Space Museum; as chairman of the Business Executives for National Security; and on the boards of Syracuse University's Institute for Veterans and Military Families, the Iraq and Afghanistan Veterans of America, the Police Athletic League and the Navy Seals Museum.
BOSTON—SRS Real Estate Partners, a retail real estate brokerage and services firm headquartered in Dallas, has opened a Boston office as its New England hub and brought on Jonathan Lapat, formerly a principal at Strategic Retail Advisors, to lead the effort as managing principal and market leader. He joins SRS with over 22 years of experience in retail real estate.
BOSTON—Related Beal topped off Parcel 1B, marking the completion of steel for the last floor of the mixed-use, 100% affordable and workforce housing development. The 484,000-square-foot, transit-oriented complex has 239 affordable and workforce units, 10,000 square feet of street level retail, 220 parking spaces and a Courtyard by Marriott hotel.
Money Moves
NEW YORK CITY—Meridian Capital Group has arranged a $29 million refinancing of a retail property on East Fordham Road in the Bronx. The 10-year loan, provided by a balance sheet lender, features a competitive fixed-rate of 3.50%. The transaction was negotiated by Meridian managing director Carol Shelby. The two-story retail property features 42,000 square feet of space.
LOWELL, MA—Farallon Capital Management and Anchor Line Partners announced they have closed the refinancing of Cross Point, a 1.29-million-square-foot office building located in Lowell. The $150 million in financing was provided by Starwood Property Trust. A portion of the proceeds was used to refinance the debt put in place at the time of acquisition, with the balance earmarked to fund leasing costs, primarily those associated with the recently announced 435,000-square-foot Kronos lease.
WATERBURY, CT—Washington Trust's Commercial Real Estate Group has provided $6 million in financing to Waterbury LIR, LLC for equity recapture, construction and future improvements to the 125,000-square-foot Waterbury Shopping Center here. Waterbury LIR, LLC is owned by Tartaglia Commercial Properties.
In honor of Veterans Day, Cushman & Wakefield has named global brokerage chairman Bruce Mosler chair of a veterans initiative. Meanwhile this week, Related Beal topped off its mixed-use project at Parcel 1B in Boston and a national commercial brokerage firm established a New England beachhead.
Deal Tracker Daily
JAMAICA, NY—Jewel Human Services has signed an 8,434-square-foot least at 152-31 134th Ave. in Jamaica, Queens. The property is part of the Seagis JFK portfolio of 43 office and warehouse properties at JFK Airport. Brian Pinnola, principal of NAI Long Island, completed the deal.
RANDOLPH, NJ—NAI James E. Hanson has brokered the sale of a 1.6-acre lot at 1021 Route 10 here. NAI Hanson's Joe Vindigni and Sig Schorr negotiated the sale on behalf of the buyer, Rt. 10 Randolph LLC, and the seller, 1021 Rt. 10 LLC. The lot features one office building and one industrial building totaling 3,000 square-feet. No financial details of the transaction were released.
CENTRAL ISLIP, NY— L&J Restaurant Equipment has purchased warehouse space in Brooklyn and on Long Island. The restaurant equipment supplier purchased a 140,000-square-foot warehouse at 350 Eastview Dr. here for $9.5 million and signed a long-term, 30,000-square-foot lease at 380 Morgan Ave., in East Williamsburg, Brooklyn. At 380 Morgan Ave., Linda Wong of Kalmon Dolgin Affiliates represented the tenant in the deal, while Paul Yuras of DY Realty represented the landlord, 380 Morgan Avenue Associates.
News & Notables
BOSTON—SRS Real Estate Partners, a retail real estate brokerage and services firm headquartered in Dallas, has opened a Boston office as its New England hub and brought on Jonathan Lapat, formerly a principal at Strategic Retail Advisors, to lead the effort as managing principal and market leader. He joins SRS with over 22 years of experience in retail real estate.
BOSTON—Related Beal topped off Parcel 1B, marking the completion of steel for the last floor of the mixed-use, 100% affordable and workforce housing development. The 484,000-square-foot, transit-oriented complex has 239 affordable and workforce units, 10,000 square feet of street level retail, 220 parking spaces and a Courtyard by Marriott hotel.
Money Moves
LOWELL, MA—Farallon Capital Management and Anchor Line Partners announced they have closed the refinancing of Cross Point, a 1.29-million-square-foot office building located in Lowell. The $150 million in financing was provided by Starwood Property Trust. A portion of the proceeds was used to refinance the debt put in place at the time of acquisition, with the balance earmarked to fund leasing costs, primarily those associated with the recently announced 435,000-square-foot Kronos lease.
WATERBURY, CT—Washington Trust's Commercial Real Estate Group has provided $6 million in financing to Waterbury LIR, LLC for equity recapture, construction and future improvements to the 125,000-square-foot Waterbury Shopping Center here. Waterbury LIR, LLC is owned by Tartaglia Commercial Properties.
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