 |
| Jon Mikula |
FLORHAM PARK, NJ – HFF announced it has arranged $70 million
in financing for Curling Club Apartments, a 240-unit, Class A
multi-housing community in Hoboken, New Jersey.
HFF
worked on behalf of the borrower, institutional investors advised by J.P.
Morgan Asset Management, to secure the fixed-rate loan through Nationwide Life
Insurance Company. HFF brokered the
sale of the asset to the borrower in June 2014.
Curling Club Apartments encompasses a full city block in the uptown
Hoboken submarket between Grand and Adams Streets and 12th and 11th Streets, as
well as the northern half of the block between Clinton and Grand Streets and
12th and 11th Streets.
Completed in 1999, the property consists of four five-story
residential buildings above a single level parking garage as well as a
free-standing, single-story clubhouse and an interior courtyard. All of the apartments are two-bedroom, two-bathroom
units.
 |
| Tom Didio |
Community amenities at the pet-friendly residence include a
fitness center, resident’s lounge, storage units and garage parking. Residents also benefit from shuttle service
to the PATH station.
The
HFF debt placement team representing the borrower was led by senior managing
directors Jon Mikula and Tom Didio and associate director Samuel
Seiden.
J.P. Morgan Asset Management – Global Real Assets has more
than $76 billion in assets under management and more than 400 professionals in
the U.S., Europe and Asia, as of June 30, 2014.
With a 40-plus-year history of successful investing, J.P.
Morgan Asset Management – Global Real Assets’ broad capabilities provide many
of the world’s most sophisticated investors with a global platform of real
estate, infrastructure, maritime/transport and energy strategies driven by
local investment talent with disciplined investment processes consistently
implemented across asset types and regions.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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