HFF arranges $6 million financing for 501 and 601 Penhorn Avenue in Secaucus, NJ

                                                                           

FLORHAM PARK, NJ – HFF announced today that it has arranged $6 million in financing for 501 and 601 Penhorn Avenue (top left photo), two industrial buildings totaling 100,000 square feet in Secaucus, New Jersey.

HFF worked on behalf of Bhasin Properties to secure the long-term, fixed-rate loan through Principal Real Estate Investors. 

501 and 601 Penhorn Avenue are situated on seven acres close to Interstate 95/The New Jersey Turnpike and the Lincoln Tunnel in Secaucus.  The properties are 100 percent leased to 5,000-square-foot tenants that require close proximity to New York City.

The HFF team representing Bhasin Properties was led by senior managing director Jon Mikula (middle right photo).

Bhasin Properties specializes in the development and leasing of master-planned, state-of-the-art office and warehouse buildings in the prime Secaucus area.

Contacts

Jon Mikula, HFF Senior Managing Director (973) 549-2000,  jmikula@hfflp.com                                                                                                  

Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500

krmurphy@hfflp.com