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| Jim Cadranell |
FLORHAM PARK, NJ – HFF announced today that it has arranged
$27.2 million in construction financing for 275 Blair Road, a
190,000-square-foot, build-to-suit refrigerated warehouse and distribution
facility in Avenel, Woodbridge Township, New Jersey.
HFF worked on behalf of the borrower, a joint venture
between Advance Realty and F. Greek Development, to secure the 24-month,
construction loan through Wells Fargo Bank.
275 Blair Road is fully leased to Preferred Freezer
Services, one of the largest and fastest growing freezer warehouse operators in
the nation.
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| Jon Mikula |
The state-of-the-art,
customized cold storage building will be situated on a 9.33-acre site located
near Interstate 95/NJ Turnpike, Newark Liberty International Airport and the
Port Newark/Elizabeth Marine Terminal.
The HFF team representing the borrower was led by managing
director Jim Cadranell along with senior managing director Jon Mikula
and associate director Michael Lachs.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873
| www.hfflp.com
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