BY CARL GAINES

Meridian Capital Group recently wrapped up $25 million in acquisition financing for Steiner Equities’ purchase of the Jardin, a 44-unit multifamily building with retail space in the Williamsburg section of Brooklyn.

The four- and five-story buildings making up the Jardin are located at 142 North 6th Street and make for 45,521 square feet of space in all.

Read Properties Inc. sold the building to Steiner Equities in June 2012 for $38 million, according to data from Real Capital Analytics, which also indicated that the lender is Sovereign Bank.

Meridian managing director Aaron Appel and vice president Jonathan Schwartz negotiated the 10-year, fixed rate balance sheet loan.

“The sponsor’s deep knowledge of the market, paired with the spectacular location of the property, was extremely beneficial in working to quickly close this financing in under three weeks,” Mr. Schwartz said in a prepared statement about the deal.

For his part, Mr. Appel added that the “transaction highlights how Meridian’s strong relationships and market expertise allow us to quickly obtain financing that is tailored to the client’s needs.”

The Jardin, which includes two retail spaces, was originally slated to be developed as condos but was changed to rentals before all the units sold. It has since been fully leased at an average rent of $53 per square foot.

Meridian was able to arrange the loan within a tight, 18-day timeframe, the firm said.

BY DANIEL GEIGER

Quantilus, an IT firm, is taking 4,100 square feet at 115 Broadway, a portion of the 430,000-square-foot building’s 12th floor.

The company signed a five year deal for rents in the $30s per square foot.

The lease is one of a handful of transactions that are brewing at the building and its sister property 111 Broadway. The buildings, which are not interconnected but sit directly adjacent to one another, are known for their ornate lobbies, which were profiled in a recent slideshow tour presented by The Commercial Observer.

The two towers together total about 800,000 square feet and have several spaces available for asking rents around $40 per square foot.

Brad Gerla and Adam Foster, two leasing executives at CBRE, handle the agency assignment for the owner of the twin properties, Capital Properties. The two brokers represented ownership in the deal with Quantilus while the tenant was repped by Javon Johnson of Fountain Realty.

“We have a lot of activity right now at both buildings,” Mr. Gerla told The CO. Among the most prominent availabilities at the properties is the entire second floor of 115 Broadway, which totals about 21,000 square feet in size and has towering ceiling heights. Mr. Gerla said that as vacancies dwindle in Midtown South, a neighborhood that has become hot among technology tenants and other booming industries, spillover will occur into Lower Manhattan and 111 and 115 Broadway will be poised to capture the activity.

“These buildings have an incredible aesthetic that a lot of tenants who are drawn to Midtown South will definitely identify with,” Mr. Gerla said.