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HFF works out financing for multistate portfolio

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HFF, a Florham Park-based provider of commercial real estate services, announced Thursday that it has arranged $23.8 million in financing for a seven-property, three-state retail portfolio.

The company secured a seven-year, fixed-rate acquisition loan through Investors Bank for an affiliate of Lakewood-based Paramount Realty Services, HFF said in a news release.

The properties included in the deal total 99,675 square feet and include Bricktown Center in Bricktown, Howell Plaza in Howell and Sea Girt Plaza in Wall, as well as sites in Pennsylvania and Maryland. The portfolio is 100 percent occupied, according to HFF.

The HFF team representing the buyer was led by Senior Managing Director Jon Mikula and Managing Director Jim Cadranell, HFF said.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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