Monday, May 19, 2014

HFF arranges $27.2 million construction financing for build-to-suit industrial facility in Woodbridge, NJ


Jim Cadranell

 FLORHAM PARK, NJ – HFF announced today that it has arranged $27.2 million in construction financing for 275 Blair Road, a 190,000-square-foot, build-to-suit refrigerated warehouse and distribution facility in Avenel, Woodbridge Township, New Jersey.

HFF worked on behalf of the borrower, a joint venture between Advance Realty and F. Greek Development, to secure the 24-month, construction loan through Wells Fargo Bank. 

275 Blair Road is fully leased to Preferred Freezer Services, one of the largest and fastest growing freezer warehouse operators in the nation. 

Jon Mikula
The state-of-the-art, customized cold storage building will be situated on a 9.33-acre site located near Interstate 95/NJ Turnpike, Newark Liberty International Airport and the Port Newark/Elizabeth Marine Terminal.

The HFF team representing the borrower was led by managing director Jim Cadranell along with senior managing director Jon Mikula and associate director Michael Lachs.

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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