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HFF arranges $5.4M financing for Carteret industrial facility

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Florham Park-based HFF announced Monday it has arranged $5.4 million in financing for 700 Blair Rd., a 234,325-square-foot, single-tenant, light industrial building in Carteret.

According to the announcement, HFF worked on behalf of the borrower, The Hampshire Companies, to secure the seven-year, fixed-rate financing through Nationwide Real Estate Investments. HFF previously sold the property to The Hampshire Companies in August 2013. 700 Blair Rd. is fully leased to, and functions as the corporate headquarters for Berjé Inc., a global leader and distributor of essential oils and aromatic chemicals with more than 60 years of experience supplying the flavor, fragrance, pharmaceutical and allied trades.

The recently renovated property is situated on 12.41 acres. The HFF team representing the borrower was led by senior managing director Jon Mikula and director Michael Klein, HFF said in a statement.

 


 

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