(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.
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