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| The Brownstones at Englewood South Apartments, 73 Brownstone Way, Englewood, NJ |
(photographer: Christian Garibaldi).
FLORHAM PARK, NJ – Holliday Fenoglio Fowler, L.P. (HFF)
announced it has secured acquisition financing for The Brownstones at Englewood South, a 350-unit, Class A
multi-housing community in Englewood, New Jersey.
Working on behalf of the
borrower, HFF placed the seven-year, fixed-rate acquisition loan with Guardian
Life Insurance Company of America.
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| Thomas Didio |
The Brownstones at
Englewood South is located just off of Route 4 in Englewood at 73 Brownstone
Way.
Situated on approximately 9.2
acres, the property has five buildings encompassing a mix of studio, one- and
two-bedroom loft- and townhome-style units, as well as 12,521 square feet of
street level retail.
Units average 1,046 square
feet each and have luxury finishes, including granite countertops, stainless
appliances, in-unit washers/dryers, oversized breakfast bars, surround sound
and balconies/terraces.
The community features an
outdoor heated swimming pool, hot tub, state-of-the-art fitness center, outdoor
dining patio with fireplace, recreation room, business center, dog park and an
expansive courtyard. The property is 97
percent leased.
The HFF debt placement
team representing the borrower was led by senior managing director Thomas Didio.
“Guardian did a great job
meeting the borrower’s structuring needs and we are pleased we could work with
the borrower and Guardian to successfully complete this transaction,” stated
Didio
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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