HFF worked on behalf of the borrower to recapitalize the asset with a $22.425 million, 10-year securitized loan and a $4.575 million, 10-year mezzanine loan.
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Latest Headlines
Real estate giants to develop East Coast self-storage properties
Morristown-based The Hampshire Cos. and Harrison Street have entered a joint venture partnership to develop institutional-quality self-storage facilities along the I-95 corridor from Washington D.C. to Boston, Mass.
Read More »Hollister Construction to help revitalize Plainfield Country Club
Plainfield Country Club has retained Hollister Construction Services as construction manager to perform improvements to its property in Edison.
Read More »Atlantic Health System hospitals recognized by Healthgrades
Morristown Medical Center and Overlook Medical Center were the only hospitals in New Jersey to achieve the Healthgrades 2019 America’s 50 Best Hospitals Award and America’s 100 Best Hospitals Award, respectively.
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NJ lawmakers introduce SALT Act to lift $10K cap on state, local property deductions
New Jersey’s Congressional delegation unveiled a bill Monday that calls for eliminating the $10,000 cap on state and local property tax deductions — a product of the federal 2017 tax cuts opponents said will hurt taxpayers in states such as New Jersey.
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Gov. Murphy ready to welcome Amazon with open arms
Gov. Phil Murphy wants Amazon to know that New Jersey is "still open for business" following reports that the online retailer was having second thoughts about going to New York because of local opposition.
Read More »New England Motor Freight files for bankruptcy
Elizabeth-based New England Motor Freight voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on Monday.
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Rutgers to administer purchasing disparity study for Jersey City
The study will help refine ordinances, regulations, policies and purchasing processes to aggressively cultivate, build, and competitively bid and award contracts with minority, woman, veteran, and LGBT-owned businesses.
Read More »Holy Name offers career help to Marcal employees
Holy Name Medical Center announced on Monday it is offering free career-building assistance to people who lost their jobs in the recent Marcal Paper Mill fire. In a statement the medical center said it has professionals who would provide career-counseling sessions to help write and review resumes, including tips on how to stand out in ...
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Morristown Medical Center and WomenHeart announce partnership
Atlantic Health System’s Morristown Medical Center and WomenHeart will open the Women’s Heart Resource Center on National Heart Valve Diseases Awareness Day, Feb. 22.
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Toys R Us emerges as new company, with leadership and global strategy to match
Kids can be a kid again, following Tru Kids Inc. announcement of its acquisition of Toys R Us, Babies R Us, Geoffrey and more than 20 established consumer toy and baby brands.
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PREIT appoints WCRE exclusive agent for Moorestown retail space
WCRE | CORFAC International was appointed by PREIT as the exclusive office leasing agent to market about 30,000 square feet at the former Macy’s store located in the Moorestown Mall in Moorestown.
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