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GIBBSTOWN, NJ-GMAC Commercial Mortgage Corp. has provided $12.7 million in fixed-rate permanent financing for a 393,985-sf warehouse and distribution facility in this suburban South Jersey community. Details of the financing, including the identity of the borrower, were not disclosed.

Constructed in 2000 and expanded two years later, the asset contains a total of 26,850 sf of office space, as well as 367,135 sf of warehouse and distribution space. Located in the I-295 corridor, the facility is currently 100% leased by Raymour & Flanigan Furniture Co.

GMACCM senior vice presidents Daniel Monte of the Upstate New York loan origination office in Buffalo and Warren Higgins of the firm’s Philadelphia office arranged the transaction. GMACCM is a wholly-owned subsidiary of GMAC Commercial Holding Corp.

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