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| The Station at Bucks County, Warminster, PA |
FLORHAM PARK, NJ – HFF announced today that it has arranged
$34 million in financing for The Station at Bucks County, a
newly-completed, 233-unit luxury multi-housing community in Warminster,
Pennsylvania, a suburb of Philadelphia.
HFF worked on behalf of the borrower, J.G. Petrucci Co. Inc.
to secure the 10-year, fixed-rate loan through Webster Bank. In 2011, HFF also arranged a $32 million
construction loan for the borrower through Webster Bank.
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| Jon Mikula |
The Station at Bucks County is located at 330 Jacksonville
Road adjacent to the Warminster Train Station about 14 miles north of city
center Philadelphia. Completed in 2012,
the property features 19 buildings with one- and two-bedroom units averaging
932 square feet each. Community
amenities will include a clubhouse, fitness center and pool.
The HFF team representing J.G Petrucci Co. Inc. was led by
senior managing director Jon Mikula.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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