Texas-based commercial real estate company HFF announced Tuesday that its Florham Park office has secured $5.8 million in financing for Franklin Square Shopping Center. The location includes 51,911 square feet of retail space on 13.96 acres at the border between Belleville and Bloomfield townships.
According to the announcement, HFF worked on behalf of The Hampshire Cos., of Morristown, to place the five-year, fixed-rate loan with TriState Capital Bank. Loan proceeds were used to refinance existing debt on the property.
The property is fully leased to tenants such as Marshalls, The Children’s Place and JP Morgan Chase. The center is shadow-anchored by a Stop & Shop grocery store.