Wilcox Arranges Loans Worth Nearly $60.8M

MORRISTOWN, NJ-G.S. Wilcox & Co., the commercial mortgage banking firm based here, has arranged financing totaling $60,787,000, covering 11 separate transactions. Most of that total, placed by the firm’s president, Gretchen S. Wilcox, involves two class A industrial portfolios totaling $23.6 million and just over $22.6 million respectively, through Thrivent Financial.

“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.