Commercial real estate firm Holliday Fenoglio Fowler recently announced it represented a partnership between Tulfra Real Estate and The Hampshire Cos. in securing refinancing for a 204,000-square-foot industrial building in Clifton.
HFF Managing Directors Jon Mikula and Michael Klein secured $23.35 million in refinancing from Citizens Bank.
“Citizens Bank quickly understood the benefits that the property’s extensive highway access, deep labor pool, proximity to New York City and unique building specs would provide the tenant, and was able to provide an attractive rate,” Klein said. “Tulfra and Hampshire did a fantastic job redeveloping this asset into a modern manufacturing/distribution facility, and we were happy to help them put a long-term loan in place that caps off this spec redevelopment project.”
Tulfra and The Hampshire Cos. obtained a 10-year fixed-rate loan for the property, located at 65 S. Industrial St., Clifton. The property was recently leased to Damascus Bakeries.