12A —November 10 - 23, 2017 — Lender’s Directory — Financial Digest — M id A tlantic
Real Estate Journal
www.marejournal.com
L ender ’ s D irectory
Banas, Wood, Levitt and Canino handle transaction Colliers International’s Capital Markets team arranges $26.1 million in financing R osedale Apart- ments – Hershey, PA — The Colliers
Philadelphia Capital Mar- kets team led by John Banas, Kris Wood, Chad Levitt and Jordan Canino arranged $26.1 million in financing for the refinance of a portfolio of two properties: Pioneer Woods, a 160-unit apartment com- munity located in Lancaster, Pennsylvania, and Rosedale Apartments, a 160-unit mul- tifamily complex located in Hershey, PA. Built in 1974, Pioneer Woods consists of 14 buildings situ-
Pioneer Woods
Rosedale Apartments
ated on 34 sprawling acres. The current unit mix is 45 one-bedroom apartments, 71 two-bedroom apartments, 28 three-bedroom apartments, and 16 two-bedroom, two-story townhouses. The property is currently stabilized at 95% occupancy. Built in 1972, Rosedale con- sists of 25 buildings (6 two- story and 19 three-story) with beautiful views accompanied by a pool, fitness center, and tennis courts. The current unit mix is 80 one-bedroom apart- ments and 80 two-bedroom apartments, featuring four dif- ferent style apartments rang- ing from 566 s/f to 1,070 s/f. n HFF announces $14.5m refinancing for office property in Princeton, NJ FLORHAM PARK, NJ — Holliday Fenoglio Fowler, L.P. (HFF) announced the $14.5 million refinancing for 1 Independence Way, a 113,998 s/f office property in Princeton. The HFF team worked on behalf of the borrower, Nor- mandy Real Estate Part- ners , to secure the 10-year, fixed-rate, securitized loan through LoanCore Capital . 1 Independence Way is lo- cated just north of Princeton University off of U.S. Route 1 in Princeton. The office property was completed in the 1980’s and is fully leased to S&P Global and ALK Tech- nologies Inc. The HFF debt placement team representing the borrow- er included senior managing director Jon Mikula and as- sociate Matthew Pizzolato . HFF and Holliday GP Corp. are licensed New Jersey real estate brokers. n
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