FLORHAM PARK, NJ – HFF has arranged a $221.8 million financing for Paramount Realty Services, for a 96-percent-occupied portfolio consisting of 30 retail centers, office and medical office properties totaling approximately 2 million square feet in Pennsylvania and Maryland.
HFF exclusively represented Paramount in the transaction. The financing was closed with a portfolio lender.
Senior managing directors Jon Mikula and Jim Cadranell and associate directors Samuel Seiden and Michael Cerulo led the HFF debt placement team representing the borrower.
“We were excited to be a part of such an important transaction for Paramount Realty as they grow and expand their portfolio into Central Pennsylvania and Maryland,” says Mikula.
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