One of the Hartz Mountain industrial properties refinanced in a transaction arranged by HFF

SECAUCUS, NJ—Hartz Mountain Industries has refinanced a 13-building, 2.67 million square foot industrial portfolio in North New Jersey. Holliday Fenoglio Fowler arranged the $162 million, 10-year, fixed-rate loan through Hartford Investment Management Company. HFF is servicing the loan.

The 98-percent-leased buildings are in Secaucus, Whippany, East Hanover, Bayonne, Hasbrouck Heights, Harrison and North Bergen, but HFF and Hartz Mountain declined to provide specific addresses.

The portfolio also includes one industrial spec building currently being constructed in Linden. About six percent of the square footage is devoted to office space.

HFF senior managing director Thomas Didio and real estate analyst Connor Milanaik led the debt placement team representing the borrower.

“Hartford Investment Management Company was able to meet the borrower's required timeline to close the financing, which was very aggressive, and the lender was able to save the borrower significant prepayment costs,” Didio says.

The portfolio also includes one industrial spec building currently being constructed in Linden. About six percent of the square footage is devoted to office space.

HFF senior managing director Thomas Didio and real estate analyst Connor Milanaik led the debt placement team representing the borrower.

Instant Insights /

Hartz Mountain Refinances Portfolio of 13 Industrial Buildings in Northern NJ

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