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WAYNE, NJ-CB Richard Ellis’ Capital Markets Debt & Equity Finance group recently arranged a $1.6-million permanent fixed-rate mortgage for an industrial/flex properties located at 6 High Point Dr. here. CB Richard Ellis’ James Gunning and Donna Falzarano arranged the 10-year mortgage on behalf of the borrower, 6-11 High Point Drive LLC.

Even in a challenging economy with limited capital, attractive financing terms are still available, Gunning tells GlobeSt.com. He adds that the lender for this financing is a CBRE Capital Markets Exclusive Correspondent lender.

The Garden State property is a 30,733-square-foot, single-story, industrial/flex facility, which sits off of Route 23 in a campus-like setting of similar properties. Constructed in 1986, the rib block flex building has a steel frame and features 22-foot clear ceilings and 40-inch by 40-inch column spacing. At the time of closing, the property was 90% leased.

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