S hopping C enters N ew J ersey
Mid Atlantic Real Estate Journal — New Jersey — Section B
www.marejournal.com
Two affordable housing properties totaling 81-units NorthMarq Capital secures $17m refinancing of Church Square South, located in Hoboken
H
ties with a combined total of 81-units. Financing was arranged by NorthMarq through its relationship with a local bank. “The buildings operate un- der a long term Housing As- sistance Payment Contract and are managed as one prop- erty,” said Cohen. “The lender provided a rate lock in the early fall and the loan was closed at the end of January due to the yield maintenance prepayment penalty.” n
OBOKEN, NJ — Gary Cohen , senior vice president/senior
di rector of NorthMarq C a p i t a l ’ s New Jersey o f f i c e a r - ranged refi- nancing to- taling $17m for Church S q u a r e
Gary Cohen
South, which consists of two affordable housing proper-
March 14 - 27, 2014
HI-LIGHTS
Church Square
REMCO Realty completes $1.275m sale in Branchburg
Industrial Investments leases 142,500 s/f ind. space to Polaris Warehousing
North Brunswick New Jer- sey based Remco Realty Group announced the sale of a15,000 s/f facility at 80Read- ington Rd. in Branchburg. See page 4B .
MeridianCapitalGrouparranges $60m in permanent financing
Meridian Capital Group, LLC negotiated a $60 mil- lion mortgage for the refi- nancing of the South Inde- pendence at The Shipyard multifamily property located in Hoboken, NJ. See page 5B
ALSO INSIDE:
500 Griffith Morgan Ln.
N orthern N ew J ersey S potlight .....................5-12B ICREW NJ.............................................................16B
PENNSAUKEN, NJ — In- dustrial Investments, Inc. of Blue Bell, PA announced that it has recently signed a new lease for 142,500 s/f of industrial space at its build- ing located at 500 Griffith Morgan Lane, Pennsauken,
with Polaris Warehousing, LLC . Polaris Warehousing, LLC is headquartered in Glouces- ter City, New Jersey and will use the building for ware- housing and distribution. Tony Rod , of The Flynn
Company , represented Po- laris Warehousing, LLC in the transaction. Michael Bown , project manager and principal of Industrial In- vestments, Inc., represented the property’s owner in the transaction. n
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