$8.55 Mil Financing Arranged for Two Raritan Center Buildings

EDISON, NJ-Holliday Fenoglio Fowler arranged the funding package for the two industrial/office assets, which total more than 235,000 sf of space. John Hancock was the lender in the transaction.

By Eric Peterson | Updated on December 11, 2001

EDISON, NJ-Two combination office/industrial buildings here have received financing totaling $8.55 million in a transaction that was arranged by the Edison office of Holliday Fenoglio Fowler. The national mortgage banking firm, which has generated transactions worth more than $40 billion since 1998, is based in Texas.

The two buildings, which total some 235,448 sf of space, are owned by Summit Associates, Inc. The assets are located in the Raritan Center business park, one of the largest parks in New Jersey.

Anthony M. Cuccia and Jim Cadranell of Holliday Fenoglio Fowler’s local office arranged the financing on behalf of Summit Associates. The 10-year, fixed-rate package was placed with John Hancock Life Insurance Co.

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