(Read more on the debt and equity markets andmore on the industrialmarket.)
WAYNE, NJ-The Stro Cos. has picked up a $5-million permanentdebt loan for its newly constructed 50,000-sf 60 Owens Dr. here, afinancing package that replaces interim financing used to build thefacility. Located on seven acres adjacent to Stro's existing WayneHills Business Campus, the new building is also near theheadquarters of Valley National Bank, Toys R Us and GAF.
The 22-year self-liquidating mortgage was provided by Aegon USARealty Advisors at a rate of 6.3%. The deal was arranged by seniordirector James Gunning and vice president Donna Falzarano of CBRichard Ellis Debt & Equity Finance, Saddle Brook.
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