Real Estate Journal — Financial Digest — December 11 - 23, 2015 — 9A
www.marejournal.com
M id A tlantic
F inancial D igest Thrivent Financial for Lutherans provides a $23.95m loan for a 634,000 s/f warehouse bldg.
G.S. Wilcox & Co. closes $78 million
M
pleted for an 82,085 s/f ware- house. The property, located in Northvale was financed with a local bank. Thrivent Financial for Lutherans provided a $23.95 million loan for a 634,000 s/f warehouse building, located in South Brunswick. The loan term was fixed for 15 years with a 20 year amortization. Thrivent also provided fi- nancing for two retail prop- erties totaling $31.5 million located in Bohemia, NY. The loans were for a 95,542 s/f building totaling $24.85 mil- lion, and a 42,000 s/f building
totaling $6.65 million. Each property was secured at a 15 year fixed rate term and a 30 year amortization. A $1.8 million loan for a 32,100 s/f mixed use building located in Hawthorne, New York was arranged through a life insurance company. G.S. Wilcox & Co., located in Morristown, NJ, is a full service mortgage banking firm which originates, un- derwrites, and services com- mercial real estate mortgage loans. Founded in 1994, they have been servicing clients for over 20 years. n
orristown, NJ — G.S. Wilcox & Co. arranged financing
in the amount of $78 million, arranged by Gretchen Wil- cox , president, Al Raymond , principal and David Fryer , principal of G.S. Wilcox & Co. Two loans totaling $17.15 million were made with Mu- tual of Omaha. The loans were Cushman & Wakefield arranges $58.75 million acquisition financing East Brunswick, NJ — Cushman & Wakefield served as the advisor to an af- filiate of BHN Associates LLC in arranging $58.75 million of acquisition financing secured by Two Tower Center Blvd. The property is a 23-story class A, institutionally main- tained office building located in East Brunswick, New Jer- sey. The three-year financing was provided by Basis Invest- ment Group. Two Tower Center is a 405,597 square foot, granite clad trophy office building with 16 office floors that sit above a parking structure. The proper- ty is located directly off of exit 9 on the New Jersey Turnpike and has unparalleled views and the best in class amenities including a full service dining facility, 24/7 security, covered parking, a five story atrium, and a PNC bank branch. Ad- ditionally, the property is adjacent to a 405 room Hilton Hotel which has a full service restaurant, convention space, and spa. A Cushman & Wakefield Equity, Debt & Structured Fi- nance team of John Alascio, John Spreitzer and Andre Hass , served as advisors on this transaction. “This is considered the pre- mier office building in this sub- market. The property benefits from un-paralleled recognition and access off of the New Jersey Turnpike and as such offered a lender a combination of diverse tenancy with credit and term to support the loan request,” said Alascio, a Cush- man & Wakefield managing director. “Basis understood that this was a rare chance to finance such a building and fa- cilitated a loan in an expedited time frame where other lend- ers could not meet the request and working needs of BHN.” n
Gretchen Wilcox
Al Raymond
David Fryer
for a 353,973 s/f warehouse totaling $14 million, with a 10 year fixed rate term and a 20 year amortization located in Wayne and a 39,738 s/f ware-
house totaling $3.15 million, located in Hackensack. A 5 year fixed rate loan with a 25 year amortization totaling $3.6 million was also com-
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