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| January 11, 2012 |
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| MERIDIAN SECURES $6.3 MILLION LOAN FOR SEVEN-STORY BRONX BUILDING |
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NEW YORK CITY — Meridian Capital Group has negotiated $6.3 million in financing for the purchase of a seven-story multifamily building, located on Bronx Boulevard in the Bronx. A local savings bank provided the 10-year loan, which carries a 3.6 percent interest rate. Charles Grussgott of Meridian's New York office arranged the loan. The property includes 92 apartment units.
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| B.U.L.U. BUYS 78,000-SQUARE-FOOT INDUSTRIAL BUILDING IN NEW HAMPSHIRE |
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NASHUA, N.H. — Israeli-based investor, B.U.L.U. LLC has purchased a 78,000-square-foot flex/manufacturing building, located at 24 Simon St. in Nashua. The building is fully leased to Axysys Technologies, an imaging and optical systems manufacturer. Andrew Sandquist of CBRE Capital Markets Group represented the seller, Hampshire Co., in the transaction.
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| PRIVATE UNIVERSITY SIGNS LONG-TERM LEASE AT FULTON CROSSING |
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NEW YORK CITY — Pace University has signed a new 20-year lease for 50,000 square feet at Fulton Crossing, located at 140 William St. in New York. The private university will occupy the entire seven-story property and use it for classrooms, faculty offices and performance space for Pace's dance programs. Peter Braus, James Wacht, Gabe Isaacs, Peter Levitan and Garry Steinberg of the New York office of Lee & Associates represented the landlord, Crikos LLC, in the transaciton. David Falk and Kyle Ciminelli of Newmark Knight Frank represented the tenant.
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Northeast
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