Monday, January 27, 2014

HFF arranges $5.4 million financing for single-tenant industrial facility in Carteret, NJ


700 Blaire Road, Carteret, NJ

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.

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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