FLORHAM PARK, NJ – HFF hasarranged $23.8 million in acquisition financing for aseven-property retail portfolio totaling 99,675 square feet inMaryland, New Jersey and Pennsylvania.
Working exclusively on behalf of an affiliate of Lakewood,NJ-based Paramount Realty Services Inc.,HFF secured the seven-year, fixed-rate loanthrough Investors Bank.
The properties included in the financing are: BricktownCenter, Brick Township, NJ; BrookhavenPlaza, Brookhaven, PA; Howell Plaza,Howell, NJ; Sea Girt Plaza in Wall Township, NJ;Philadelphia Plaza, Philadelphia, PA;Exton Plaza, Exton, PA; and Owings MillsPlaza, Owings Mills, MD. The portfolio was 100percent occupied at closing by tenants including BestBuy, Staples, three full-serviceWawa convenience stores, JoS. A.Bank men's clothing retailer, CVS andSantander Bank.
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