 |
| The Metropolitan of Hoboken apartments, 1300 Clinton and 1313 Grand Streets, Uptown Hoboken, NJ |
 |
| Jim Cadranell |
FLORHAM PARK, NJ – HFF announced it has arranged a $35
million refinancing for The Metropolitan of Hoboken, a 128-unit
apartment community in Hoboken, New Jersey.
HFF worked exclusively on behalf of the borrower, AEW
Capital Management, L.P., to secure the three-year, fixed-rate loan through
Capital One. AEW owns the property on
behalf of one of its institutional clients.
The Metropolitan of Hoboken is located at 1300 Clinton and
1313 Grand Streets in uptown Hoboken.
Completed in 2000, the apartments are 96 percent leased and
consist of one-, two- and three-bedroom layouts.
The two-building community includes 2,000 square feet of
ground floor retail and recently renovated amenities such as a fitness center,
two resident lounges, parking garage, landscaped courtyard with picnic area, as
well as free shuttle service to the PATH Hoboken train station.
 |
| Jon Mikula |
The HFF team representing the borrower was led by managing
director Jim Cadranell along with senior managing director Jon Mikula
and associate director Samuel Seiden.
“Capital One provided very competitive pricing and maximum
flexibility for AEW on this transaction.
It was a pleasure to work with both of them on this financing,” said
Cadranell.
Founded in 1981, AEW Capital Management, L.P. (AEW) provides
real estate investment management services to investors worldwide.
One of the world’s leading real estate investment advisors,
AEW and its affiliates manage approximately $38 billion of capital invested in more than $51 billion of property
and securities in North America, Europe and Asia (as of December 31, 2013).
Grounded in research and experienced in the complexities of
the real estate and capital markets, AEW actively manages portfolios in both
the public and private property markets and across the risk/return spectrum.
AEW and its affiliates have offices in Boston, Los Angeles,
London, Paris, Singapore, and Hong Kong, as well as additional offices in eight
European cities. For more information please visit www.aew.com.
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