Morristown-based G.S. Wilcox & Co. said on May 14 that it arranged $29,500,000 in financing for two warehouse properties in South Brunswick.
President Gretchen Wilcox and Principal Albert Raymond arranged the two, 15-year fixed-rate loans for a repeat client through Thrivent Financial for Lutherans in the amounts of $16,000,000 and $13,500,000.
The single-tenant warehouses contain a combined 449,000 square feet of space and are located within the 8A industrial submarket.
“We are pleased to secure this financing on behalf of our client. The 8A industrial submarket remains competitive with sub 3% vacancy,” said Wilcox in a prepared statement.