RAHWAY, NJ-Denholtz Associates, based here, has picked up a $105-million refinancing package from New York City-based GE Real Estate, covering a multi-building portfolio in New Jersey. The money will be utilized as part of an ongoing recapitalization strategy based on refinancing certain assets in the company’s portfolio, initiated in 2006 when Denholtz formed a partnership with Rothschild Realty.

The identities of the specific properties were not released. According to information released by GE Real Estate, the portfolio consists of nine commercial properties, mostly of the class B variety, totaling more than one million sf, located in a half-dozen different submarkets within the state. The assets range in size from 33,000 sf to 166,000 sf, are home to 225 tenants and combined were 84% occupied when the refi closed.

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