2B — August 14 - 27, 2015 — New Jersey — M id A tlantic

Real Estate Journal


N ew J ersey NJ Capital Markets Debt & Structured Finance team CBRE arranges $7.7 million refinancing in Monroe Twp.

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ONROE TWP., NJ — CBRE Group, Inc. , one of New

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Jersey’s largest commercial real estate brokerage firms, announced that its Capital Markets Debt & Structured Finance team has completed a $7.7 million first mortgage refinancing secured by Mon- roe Town Center, a 32,205 s/f community retail center in Monroe Township. The CBRE team of James Gunning , Donna Falzara- no and Evan Kleppe ar- ranged the refinancing on behalf of Monroe Center As-

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Monroe Town Center

sociates, LLC, marking the second time that the CBRE team has represented the bor- rower in the financing of the

Jumani joins BOD of Foundation for Free Enterprise PARAMUS, NJ – Sonny Ju- mani , president and partner of Located at the intersection of Applegarth Rd. and Pros- pect Plains Rd., Monroe Town Center offers immediate ac- cessibly from Exit 8A of the New Jersey Turnpike. n asset. Following a competitive bidding process involving a number of lenders and offers, the borrower selected a CMBS loan with a 10-year term from UBS Real Estate Securities, Inc. Monroe Town Center is a firmly entrenched retail strip anchored by a Wawa store rated the 26th highest seller in non-gas locations of the entire Wawa chain. The center boasts a varied roster of tenants that offers local residents numerous dining options, as well as dental and vision services. Free Enterprise was estab- lished in 1975. Its main aim is to teach students of all ages about the multitude benefits of free enterprise. “There is no substitution for the preservation of the entrepreneurial spirit. The Foundation for Free Enterprise educates children and young adults in a way that encourages inspiration,” said Jumani. “As a board member, our mission is to actively participate to bring as much life to youth programs as possible and to maximize the experience. The function of leadership is to produce more leaders,” he continued. n Sonny Jumani Tulfra Real Estate , has been named to the Board of Directors of the Founda- tion for Free Enterprise. The Foun- d a t i o n f o r

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