Thursday, January 16, 2014

HFF secures $28 million refinancing for distribution center in Carteret, NJ


200 Milik Street Warehouse-Distribution Center, Carteret, NJ

Jon Mikula


FLORHAM PARK, NJ – HFF announced it has secured a $28 million refinancing for 200 Milik Street, a 232,134-square-foot, state-of-the-art warehouse/distribution center  in Carteret, New Jersey.

               Working on behalf of The Hampshire Companies, HFF placed the five-year, fixed-rate loan with TD Bank. 

Redeveloped by the borrower in 2012, 200 Milik Street is 100 percent leased. 

The LEED Certified building is located 1.7 miles from the New Jersey Turnpike’s Exit 12 interchange and less than 10 miles from Newark Liberty International Airport. 

The facility features 36-foot clear ceiling heights, 25 truck loading docks, seven drive-in docks and parking for up to 42 truck trailers.

               The HFF team representing The Hampshire Companies was led by senior managing director Jon Mikula and director Michael Klein.

Michael Klein
               “Given the building’s new construction, state-of-the-art features, proximity to the port and airport, and the credit tenancy, there was no shortage of lenders interested in making this loan,” said Klein. 

“TD Bank delivered an aggressive interest rate and structure that best met the borrower’s needs and was able to close smoothly and quickly,” added Mikula.

The Hampshire Companies is a full-service, private real estate firm 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.

  Additional information on The Hampshire Companies is available online at www.hampshireco.com





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

No comments:

Post a Comment