(Read more on the debt and equitymarkets.)
LODI, NJ-Owner JMP Holdings Inc. of Clifton has picked up a$19.1-million permanent loan for the recently completedfreestanding ShopRite supermarket at 147 Main St. here. Justcompleted in July and consisting of a total of 71,023 sf of space,it was built for JMP Holdings by Century 21 Construction, also ofClifton.
The 10-year, fixed-rate securitized loan was provided byPrincipal Global Investors. Replacing interim financing, thefunding was arranged by Thomas Didio, senior managing director, andassociate director Michael Klein of the Florham Park office ofHolliday Fenoglio Fowler.
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