LYNDHURST, NJ –Holliday Fenoglio Fowler LP’s New Jersey office has arranged a $17.8 million refinancing for Veteran’s Square Shopping Center, a 113,178-square-foot neighborhood center here. The 10-year, fixed-rate loan through Nationwide Life Insurance company was arranged by HFF on behalf of owner Hampshire Cos.
Anchored by ShopRite and Staples, Veteran’s Square was completed in 2000. It is located at 530-560 New York Avenue, near Routes 3 and 17. The project, which is being leased up by the Goldstein Group, has approvals in place for a 30,000-square-foot expansion.
“Veteran’s Square Shopping Center receives increased foot traffic during the week; a benefit of being located within walking distance of the Kingsland New Jersey Transit Station, which provides commuters access to Midtown Manhattan,” said Jon Mikula, HFF senior managing director, in a statement.
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