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Denholtz secures refinancing for Bridgewater industrial park

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As part of an effort to improve 11 buildings at the Bridgewater Business Park, developer Denhotlz Associates has secured $9.2 million in refinancing from Provident Bank, the firm said Thursday.

Paul Barood, CRE relations manager for Provident Bank, secured the financing for the developer.

“As a New Jersey-based company, we have consistently sought to build long-term relationships with local financial partners, who like us, boast a deep understanding of the local commercial real estate markets,” said Stephen Cassidy, president of Denholtz Associates, in a release.

The refinancing, according to Denholtz, will allow the firm to complete extensive renovations across 11 buildings totaling 264,163 square feet of flex-industrial property on Chimney Rock Road and Kearny Street in Bridgewater and Bound Brook.

Denholtz Associates completed the firm phase of the renovation plan earlier this year when it replaced all parking surfaces in the area.

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Mario Marroquin

Mario Marroquin


Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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