"Thrivent Financial, formerly the Aid Association for Lutherans, continues to make strong investments in the New Jersey real estate market due to our area's strategic importance to their real estate portfolios," Wilcox explains. Further details of the two industrial portfolio financings were not released.
And in a series of loans originated and closed by Wilcox, along with David Fryer, John Taylor, Albert Raymond and Joseph Smerdon, GE Asset Management covered a $3.76 million loan on a 120,384-sf industrial warehouse, as well as a $2.625 million loan on an 81,000-sf facility in Edison, NJ. Both assets are owner-occupied.
Similarly, the firm structured a loan of just under $2 million with GE Asset Management for the owner, who was not named, of a 77,502-sf industrial building in Quakertown, NJ. Through another correspondent, StanCorp Mortgage Investors, the firm worked out a loan totaling $580,000 for a 20,500-sf industrial building in Sloatsburg Village, NY.
Finally, the firm placed a $2.4 million loan on a 50,000-sf flex property in Northvale, NJ with Thrivent Financial; as well as a $3 million package with Woodmen of the World for a 23,230-sf, multi-tenant shopping center in Eatontown, NJ. Further details of the various loans were not released.
G.S. Wilcox & Co., which originates, underwrites and services commercial real estate mortgage loans, currently services a portfolio totaling approximately $620 million.
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