HFF senior managing director Thomas Didio arranged the financing through a correspondent life insurance company, which was not identified. "We were able to provide financing for this property by utilizing our national correspondent relationships," according to Didio.
Based in Secaucus, NJ, Hartz Mountain Industries owns and manages a commercial real estate portfolio of 185 properties totaling more than 35 million sf in the New Jersey/New York metro area. For its part, HFF arranged debt, structured finance and investment sales transactions totaling more than $12 billion nationally last year.
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