SECAUCUS, NJ-CB Richard Ellis’ Capital Markets Debt and Equity group recently refinanced a $19-million mortgage loan secured by a first lien on a 197,453-square-foot office/warehouse located at 40 Hartz Way in Secaucus. James Gunning and Donna Falzarano secured financing for the borrower, Hartz Mountain Industries, while a New England-based commercial bank funded the five-year, fixed-rate loan.

“The lender was very impressed with the Meadowlands industrial market, the strength of the sponsor and the primary tenant, Major League Baseball’s cable channel, the MLB Network,” Gunning tells

Originally built in 1973 with 24-foot ceilings, the building has undergone significant upgrades and substantial tenant fit-out, including two studios, 18 loading docks and high-tech broadcasting satellites. MLB has a long-term lease and occupies 142,000 square feet of space, which consists of studio and production areas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.