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HFF secures $34.8M acquisition for 26-building industrial portfolio in North Jersey

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HFF announced Thursday that it has secured a $34.8 million acquisition financing for a 26-building industrial portfolio totaling 926,200 square feet in Fairfield and Little Falls.

According to the announcement, working on behalf of Morristown-based The Hampshire Companies, HFF placed the six-year, fixed-rate loan with Principal Real Estate Investors.

The portfolio is 96 percent leased to a diverse mixture of tenants with no single tenant occupying more than 7 percent of space, the announcement said.

The HFF team representing Hampshire was led by senior managing director Jon Mikula and director Michael Klein.

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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 or @emilybader on Twitter.

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