$21.5M Loan Secured For New Jersey Grocery-moored Retail Center 사설토토
JLL Capital Markets reported today that it has organized a $21.5 million advance for the renegotiating of Sparta Town Center, a completely rented, 87,984-square-foot, Stop and Shop-moored provincial mall in the Northern New Jersey retail submarket of Sparta Township.
JLL chipped away at benefit of the borrower, Jersey Investors Growth Company, L.P., an offshoot of Hekemian and Co., Inc., to put the 10-year, fixed-rate credit with Aegon Asset Management. Credit continues will be utilized to renegotiate the current home loan on the property.
The borrower has claimed Sparta Town Center for over 20 years, showing their obligation to the property. Moored by Stop and Shop, which is the one of just two food merchants nearby, the occupancy is supplemented by a blend of public and neighborhood occupants, including Lakeland Bank, Supercuts, Sports Care Institute, Spavia, Mathnasium, Anthony Franco's Pizza and a public remote supplier.
Situated at 5 and 8 Town Center Dr., Sparta Town Center is outstandingly situated at the northwest crossing point of County Route 517 and Route 15 under 1-mile from downtown Sparta, a wealthy local area in Northern New Jersey with closeness to the New York metro region. The middle advantages from areas of strength for the of Sussex County, which incorporates 31,413 occupants flaunting a typical yearly family pay of $163,933 inside a five-mile range of the middle.
The JLL Capital Markets group addressing the borrower was driven by Senior Managing Director Thomas Didio, Senior Director Thomas E. Didio, Jr. Furthermore, Analyst Salvatore Buzzerio.
"JLL is satisfied to help the borrower in tying down continues from Aegon Asset Management to supplant the current, developing super durable advance," Didio said. "The mall is the head retail resource in Sparta, and Aegon Asset Management made a decent showing committing and shutting the business."
JLL Capital Markets is a full-administration worldwide supplier of capital answers for land financial backers and occupiers. The company's top to bottom neighborhood market and worldwide financial backer information conveys the top tier answers for clients — whether speculation deals and warning, obligation warning, value warning or a recapitalization. The firm has in excess of 3,000 Capital Markets experts overall with workplaces in almost 50 nations.
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