(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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 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.