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HFF secures mortgage financing for Morris County industrial assets

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HFF announced Tuesday it has secured first mortgage financing for 9-11 Chapin Road and 9-15 Riverside Drive, two industrial assets totaling 156,835 square feet in the Pine Brook section of Montville.

Working exclusively on behalf of The Frassetto Cos. Inc. — a commercial real estate firm that specializes in the acquisition, development and management of commercial real estate properties — HFF placed the 10-year, fixed-rate loan with a local community bank.

In the announcement, HFF, which has a Florham Park office, said the properties, which are fully leased, are located near the intersection of Interstates 80 and 287. The HFF team was led by director Michael Klein and senior managing director Tom Didio.

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