FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $2.1 million refinancing for a free-standing Duane Reade pharmacy (top left photo) in Yonkers, New York.
Working exclusively on behalf of The Hampshire Companies, HFF senior managing director Jon Mikula and associate director Michael Klein placed the fixed-rate loan with Intervest National Bank.
The Duane Reade pharmacy is located at 180 McLean Avenue close to the Saw Mill River Parkway and Route 9A in Yonkers, directly north of New York City. Completed in 2004, the property is 100% leased to Duane Reade with 12 years remaining on a 15-year lease.
The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, targets the development or purchase, and operation of investment-grade neighborhood supermarket-anchored centers, single-tenant retail facilities, warehouse/distribution facilities, office buildings and self storage facilities located in the Mid-Atlantic and Northeast regions of the United States.
The company currently operates a diversified national portfolio of properties totaling more than 20 million square feet with $1 billion of equity under management.
Contacts:
Jon Mikula, HFF Senior Managing Director, (973) 549-2000, mikula@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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