NEW YORK, NY—GFP Real Estate signed a new seven-year lease for 5,936 square feet at 318 West 39th Street with Global Health Corps, a leadership development organization focused on health equity that was co-founded by Barbara Bush. The 12-story, 150,000-square-foot-office-building is in the heart of the Garment District in Midtown Manhattan. The property, built in 1915 as a printing building, is located between Eighth and Ninth Avenues, within walking distance of two of the city's main transportation hubs: Port Authority and Penn Station. The property has been owned by GFP since the early 1980s.

YORK, PA—ROCK Commercial Real Estate brokered the sale of a 21,822-square-foot, industrial property located at 125 South Adams Street in York, PA to ENE Real Estate Partners for $390,000. The property will house Prizm Fence, a York-based manufacturer of vinyl and aluminum fence, railings, pergolas, and arbors. The property was acquired from York Corrugating Company. Greg Finkelstein, Ted Turnbull, and Jason Turnbull, of ROCK Commercial Real Estate, brokered the transaction.

MERIDEN, CT—Sky Management Services purchased 550 Research Parkway in Meriden, CT for $18 million. The building is a mission-critical manufacturing facility for Medline, the largest privately-held provider of medical supplies and solutions in the US. It also is a key warehouse facility for Fosdick Fulfillment Corporation, a global logistics company specializing in direct response television, Internet E-commerce, print advertisements, sweepstakes, and rebates.

COLD SPRING HILLS, NY—Cushman & Wakefield set March 13 as the bid deadline for a 13.28-acre multifamily development opportunity in Cold Spring Hills. Set between the prestigious Cold Spring Country Club and famed Oheka Castle, the picturesque site on East Gate Drive has drawn strong interest since coming online in January. Currently owned by Cold Spring Country Club, the acreage is zoned Residential-Open Space Cluster District.

NEW PROVIDENCE, NJ—NAI James E. Hanson brokered the lease for 36,052 square feet of industrial space with CIMC Commercial Tires at 140 Spring Street in New Providence, NJ. NAI James E. Hanson's Barry J. Cohorsky, SIOR, exclusively represented the landlord, Davanne Realty and 19-25 Columbia Corp. Established in 2017, CIMC Commercial Tires is an intermodal chassis replacement tire retreading and supply company servicing a wide range of clients across the logistics and shipping industries. With a location less than 20 miles from Port Newark Elizabeth, one of the busiest intermodal shipping centers in the United States, and ample heavy power, 140 Spring Street presented an ideal location for CIMC Commercial Tire to house their new business. The 66,000-square-foot building is designed with the needs of manufacturers in mind with 15-foot six-inch ceilings, two one-ton cranes as well as one loading dock.

WALLINGFORD, CT—Calare Properties has acquired the 915,000 square-foot state-of-the-art research and development office complex at 5 Research Parkway in Wallingford, CT. The seller was represented by Jim Panczykowski, working on behalf of Binswanger Management Corporation. The corporate seller and user will be vacating the property in 2018. 5 Research Parkway is centrally positioned just north of New Haven between New York City and Boston, located immediately off Exit 15 of I-91 at the junction of Route 68. Set on 180 acres, the corporate campus is situated around the 830,000 square-foot main office and lab complex and is supported by outer buildings, including a materials handling facility, a central utility plant and a child development center. Notable amenities include a laboratory grade reverse osmosis system, a cogeneration plant with 4.7 megawatt generator capacity, a state-of-the-art lecture hall, a helipad, a full-service cafeteria, renovated fitness center, scenic nature trails, a secured perimeter, and 1,405 parking spaces. The campus has been upgraded continuously for superior energy efficiency, with more than $30 million in recent site improvements.

WESTWOOD, MA—NKF Capital Markets brokered the $53.1 million sale of 101 Station Drive in Westwood, MA, to AEW Capital Management, on behalf of one of its institutional separate account clients. Sellers were National Development and Charles River Realty Investors. Led by US head of capital markets Robert Griffin, vice chairman Edward Maher, executive managing director Matthew Pullen, director James Tribble and associate director Samantha Hallowell, the NKF Capital Markets Boston office oversaw the transaction of the class A asset in conjunction with Newmark Knight Frank executive managing director Michael Frisoli and managing director Peter Whoriskey. 101 Station Drive recently underwent a multi-million dollar transformation into a state-of-the-art workplace with on-site amenities including a café, fitness center, outdoor fireplace/lounge, bicycle rental station and shuttle service to nearby shops, restaurants and an MBTA/Amtrak train station. The 208,134-square-foot asset is presently fully leased to eight tenants, including General Dynamics, Mott MacDonald, The Predictive Index, Boston Children's Hospital and Honeywell.

Notables

UNIONDALE, NY—Arbor Realty Trust named Frank Lutz as executive vice president, chief production officer. Lutz will oversee Arbor's agency lending platforms and the firm's expansive national production network and originations team. He also will serve as the company's liaison between Arbor's agency partners as it relates to production. Lutz comes to Arbor with more than 25 years of multifamily agency experience.

CEDAR KNOLLS, NJ—Newmark Associates promoted David Bieber to managing director; Helene Elbaum and Nancy Stanton-Tuckman to senior vice president; and Charles Ritschel to senior sales associate.