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HFF secures $28.5M refinancing for Mount Olive warehouse

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350 Clark Drive, Mount Olive
350 Clark Drive, Mount Olive - ()

Holliday Fenoglio Fowler announced Thursday the $28.5 million refinancing for 350 Clark Drive, a three-building Class A industrial warehouse facility totaling 443,030 square feet in Mount Olive.

The HFF team worked on behalf of borrower Commercial Realty Group to place a 10-year, fixed-rate loan with John Hancock Real Estate Finance Group.

The facility was originally constructed to house the headquarters of Calvin Klein Cosmetics.

The HFF debt team representing CRG included senior managing director Greg Nalbandian and analyst Tim Mason.

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Elana Knopp

Elana Knopp

Elana Knopp covers all things real estate for NJBIZ. You can contact her at eknopp@njbiz.com.

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