FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $17.8 million refinancing for Veteran’s Square Shopping Center (top left photo), a 113,178-square-foot, grocery-anchored retail center in Lyndhurst, New Jersey.
HFF senior managing director Jon Mikula (middle right photo) and director Michael Klein lower left photo) worked exclusively on behalf of The Hampshire Companies to secure the 10-year, fixed-rate loan through Nationwide Life Insurance Company.
Completed in 2000, Veteran’s Square Shopping Center has five retail buildings that are 90% anchored by ShopRite and Staples and feature a traditional mix of in-line retailers including GNC, Supercuts and Go Wireless. The 12.31-acre site is located at 530-560 New York Avenue close to Route 3 and Route 17 approximately seven miles west of Manhattan in Lyndhurst. The property has approvals in place for up to a 30,000-square-foot expansion.
“Veteran’s Square Shopping Center receives increased foot traffic during the week; a benefit of being located within walking distance of the Kingsland New Jersey Transit Station, which provides commuters access to Midtown Manhattan,” said Mikula
The Hampshire Companies is a full-service, private real estate firm with equity in assets valued at more than $2 billion, based in Morristown, New Jersey.
The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. www.hampshireco.com.
The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. www.hampshireco.com.
Contact:
Jon Mikula, HFF Senior Managing Director, (973) 549-2000, jmikula@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500
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