JLL Capital Markets announced it arranged a $10 million loan to refinance Rockaway Commons, a multi-tenant shopping center located at 204-212 Route 46 in Rockaway. The group worked on behalf of Anthony Mehran to place the loan with Rialto Capital Management LLC.
Max Herzog, managing director; Marko Kazanjian, vice president; and Matt Fagella, analyst, led the JLL Capital Markets team working on the debt assignment.
The 89,000-square-foot Rockaway Commons was developed in 2006 and is nearly fully leased.
The multitenant shopping center comprises four buildings on 9.96 acres in Rockaway. The property features a 488-space parking lot, providing customer and employee parking. It offers direct access to Route 46 and is just minutes from I-80.