In the larger of the two loans, $8.5 million is secured by 200 Seaview Dr., a 200,285-sf, single-story building here. Located off Meadowlands Parkway within Hartz's Harmon Cove business park, the building is 100% occupied by such tenants as UNICEF and Micro Bio-Medics. The proceeds of the loan will be used to refinance an existing loan.
The proceeds of a $2.5 million loan will similarly be used to refinance an existing loan on Hartz's 1801 Tonnelle Ave. in North Bergen, NJ. The 46,429-sf building, completed in 1990, is currently fully occupied by the Chamberlin Group.
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