Mid-Atlantic
GlaxoSmithKline Sets Up Shop in New 208 KSF Home in Philly’s Navy Yard
A mere 18 months after Liberty Property Trust and Synterra Partners broke ground on GlaxoSmithKline’s new 208,000-square-foot office building, located in the Navy Yard Corporate Center at the Philadelphia Navy Yard, the pharmaceutical giant has settled into its new digs.
AG-Metropolitan JV Sells BJ’s, LA Fitness Condo Units on Long Island for $66M
Entities controlled by The Hampshire Companies have purchased a BJ’s Wholesale Club and LA Fitness condominium units at Garden City Square in New York for nearly $66.3 million from AG-Metropolitan 711 Stewart Avenue, a joint venture of Metropolitan Realty Associates and Angelo, Gordon & Co.
Dweck Properties Nabs Two DC Towers for Record $322M
In what is a record-setting deal, Dweck Properties has purchased Archstone Crystal Towers, located in Arlington, Va., for $322 million.
Hines Global REIT Buys 510 KSF Office Center in Boston Suburb
Hines Global REIT has acquired Riverside Center, a 510,000-square-foot, three-building office complex in the Boston suburb of Newton, Mass., from Equity Office Properties for $197 million.
ARCP-Affiliated REIT Closes on Chelsea Office Building for $112M
American Realty Capital New York Recovery REIT has closed on its $112 million acquisition of the fee simple interest in a 13-story, institutional-quality — but recently troubled — office building at 216-18 W. 18th St. in Manhattan’s Chelsea neighborhood.
C&W, Pyramid Brokerage Team Up to Lease High-Tech Facility
Cushman & Wakefield has teamed with Pyramid Brokerage Co. to market 2600 Manitou Road, an 800,000-square-foot high-tech office, lab, and manufacturing facility in Gates, N.Y.
Meridian, Eastdil Arrange $275M Financing for NYC Hotel
Meridian Capital Group and Eastdil Secured have negotiated $275 million in permanent financing for the $325 million
acquisition of the fee position in NYC’s Milford Hotel, on behalf of a partnership between David Werner and Deutsche Bank Asset & Wealth Management.
SL Green Closes $925M in Financing for Iconic NYC Building
SL Green Realty has arranged $925 million worth of bridge acquisition financing for New York City’s iconic Sony Building at 550 Madison Ave., which was purchased by New York-based developer The Chetrit Group for $1 billion from Sony Corp.
Orbach Group Grabs 178-Unit NYC Apartment Portfolio for $70M
Keen on Manhattan’s Upper West Side, The Orbach Group has enhanced its presence in the area with the addition of a three-property apartment portfolio sited along 107th Street.
Chesapeake Lodging Trust Acquires Hyatt Place New York Midtown South
Chesapeake Lodging Trust has closed on its acquisition of the newly developed, 185-room Hyatt Place New York Midtown South for $76 million.