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| 200 Milik Street Warehouse-Distribution Center, Carteret, NJ |
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| 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.
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| 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
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