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| 700 Blaire Road, Carteret, NJ |
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| Jon Mikula |
FLORHAM PARK, NJ – HFF announced today that it has arranged
$5.4 million in financing for 700 Blair Road, a 234,325-square-foot, single-tenant,
light industrial building in Carteret, New Jersey.
HFF worked on behalf of the borrower, The Hampshire
Companies, to secure the seven-year, fixed-rate financing through Nationwide
Real Estate Investments. HFF previously
sold the property to The Hampshire Companies in August 2013.
700 Blair Road is fully leased to, and functions as the
corporate headquarters for Berjé Inc., a global leader and distributor of
essential oils and aromatic chemicals with more than 60 years of experience
supplying the flavor, fragrance, pharmaceutical and allied trades.
The recently
renovated property is situated on 12.41 acres close to Interstate 95/NJ
Turnpike, Newark Liberty International Airport and Port Elizabeth/Newark.
The HFF team representing the borrower was led by senior
managing director Jon Mikula and director Michael Klein.
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| Michael Klein |
“The property’s recent upgrades, proximity to an extensive
transportation infrastructure, and long term lease made this an attractive deal
for Nationwide,” said Klein. “As a
result HFF was able to secure a very attractive rate and full-term,
interest-only loan that best met Hampshire’s needs.”
The Hampshire Companies is a full-service, private real
estate firm with equity in assets valued at more than $2.5 billion, based in
Morristown, New Jersey.
The Hampshire Companies
is a vibrant, dynamic organization that combines creative vision and superior
execution, thereby enabling it to create and enhance value in real estate
investments.
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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