ROCKAWAY, NJ-The recently opened Dick's Sporting Goods store here secures a $15.5-million financing package for property owner the Hampshire Cos. The new store consists of two levels of retail space totaling 80,000 sf. The store's 5.6-acre site is located adjacent to the Rockaway Townsquare Mall, an enclosed super-regional shopping center off I-80 here.
State Farm Life Insurance Co. provided the long-term, fixed-rate loan to Hampshire. The transaction was arranged by Jon Mikula, senior managing director in the Florham Park, NJ office of Holliday Fenoglio Fowler.
"This is the largest Dick's Sporting Goods in the company's portfolio," Mikula says. "It features the 'store-within-a-store' concept, which is made up of five smaller specialty shops featuring sporting goods, apparel and footwear." Property owner Hampshire Cos. is a Morristown, NJ-based private real estate investment fund manager.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
