HARRISON, NJ—NorthMarqCapital's New Jersey based regional office closed a $16.9million 30-month construction loan for the CookieFactory, a 104-unit multifamily property to be built onEssex Street in Harrison, NJ.
The development, which is planned for a currently vacantproperty, is named for the historic presence of a cookie factory onthe property some years ago.
“There were a number of lenders interested in providing thefinancing,” Gary Cohen, senior vicepresident/senior director of NorthMarq, tellsGlobeSt.com exclusively. “There was a lot ofdemand for this deal and First Niagara Bank structured acompetitive loan to win the business. This will be the third orfourth building developed in the area.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
