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G.S. Wilcox & Co. office closes $46.7M in financing

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Morristown-based commercial real-estate company G.S. Wilcox & Co. announced Wednesday it has arranged financing totaling $46.7 million, including properties in Secaucus, Teterboro, and Wantage.

Two loans totaling $7 million were made with Thrivent Financial for Lutherans benefiting Hartz Mountain and Marcus Associates. The loans were for a 30,771 square-foot data center located in Secaucus, as well as a 13,100 square-foot mixed use building located in Teterboro, the announcement said.

According to the announcement:

- A non-recourse construction loan was arranged for a new 60,000 square-foot office building in Queens, N.Y. The $24 million loan was placed with a local bank that has a two year contract term and an eight year permanent loan option after construction is complete.

- A local bank also provided an $8.2 million loan for the fourth transaction benefitting The Hampshire Generational Fund for a 76,000 square-foot shopping center located in Wantage.

- Natixis provided a $7.5 million loan for the Oasis at Regal Oaks apartment community in Charlotte, N.C. It has a 10 year term and a 30 year amortization.

The company closed a $32 million deal for nearly one million square feet last October.

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The company [closed $32 million in financing](http://www.njbiz.com/article/20131001/NJBIZ01/131009987/GS-Wilcox-closes-$32M-in-financing-for-nearly-1M-square-feet) for nearly one million square feet last October.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com.

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