(To read more on the industrial market, click here.)

PISCATAWAY, NJ-Financing totaling $11.5 million has beenarranged for Giovanni Turano International Designs by Jim Risko ofDavid Cronheim Mortgage Corp. of Chatham. The loan was placed witha 10-year term and a 22-year amortization. Further details of thefinancing, including the source, were not released.

The funding is secured by the 256,000-sf warehouse building at1532 S. Washington Ave. here; an owner-occupied building thatserves as the corporate offices and distribution center forGiovanni Turano, a wholesale furniture distributor. The ownerbought the property in 2004, according to Risko, and prior tomoving in had the space fully vacated to upgrade all utilities andinfrastructure.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.