FLORHAM PARK, NJ – HFF announced today that it has arranged $43 million in financing for Boulder Run Shopping Center, a 175,524-square-foot, grocery-anchored shopping center in Wyckoff, New Jersey.HFF worked on behalf of Hekemian & Company, Inc., to secure fixed-rate financing with Allstate Investments, LLC.
Boulder Run Shopping Center is situated on 19 acres at the northwest corner of Franklin Avenue and Godwin Avenue in Wyckoff’s central business district. Originally completed in 1965, the property recently underwent a complete renovation and expansion that includes a newly constructed Stop & Shop supermarket. Other tenants at the shopping center include Marshalls, McDonald’s, and Starbucks.
The HFF team representing Hekemian & Company, Inc. was led by senior managing director Thomas Didio (top right photo) and director Michael Klein (lower left photo).
“We were thrilled to play a role in securing the permanent financing for such a core ‘Class A’ property,” said Didio.
Hekemian & Co. is a family-owned real estate management and development company that provides acquisitions and development services, commercial brokerage and leasing, property management and insurance services.
Contacts:
Thomas R. Didio, HFF Senior Managing Director, (973) 549-2000 tdidio@hfflp.com
Michael S. Klein, HFF Director, (973) 549-2000, mklein@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500
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