BURLINGTON, NJ–HFF has secured $6.7 million in financing for The Hampshire Cos. which recently acquired the Burlington Towne Center retail power center here, GlobeSt.com has learned.
The 91,881-square-foot retail power center is located at 2703 Burlington Mount Holly Road, adjacent to the Burlington Center Mall and close to the New Jersey Turnpike and Interstate 295 about 20 miles northeast of Center City Philadelphia.
Working exclusively on behalf of The Hampshire Cos., HFF placed the seven-year, fixed-rate loan with Webster Bank.
Burlington Towne Center is fully leased, and tenants include Dick’s Sporting Goods, Office Max, TGI Friday’s, AT&T Wireless, Burger King, Sleepy’s and IHOP.
HFF’s team for the transaction was led by senior managing director Jon Mikula and director Michael Klein.
The Hampshire Cos. is based in Morristown, NJ.