HFF Secures $43.6 Million Refinancing for The Grove at Shrewsbury in Northern New Jersey

The Grove at Shrewsbury, located 25 miles south of New York City, is home to tenants including Lululemon Athletica and Starbucks Coffee. The Grove at Shrewsbury, located 25 miles south of New York City, is home to tenants including Lululemon Athletica and Starbucks Coffee.

Shrewsbury, N.J. — HFF has secured a $43.6 million refinancing for The Grove at Shrewsbury, a 148,000-square-foot lifestyle center located 25 miles south of New York City in Shrewsbury, New Jersey.

The center is home to 35 retailers, including Williams-Sonoma, Pottery Barn, Bluemercury, Lululemon Athletica, Anthropologie, Madewell and Starbucks Coffee. Jon Mikula and Connor Milanaik of HFF worked on behalf of the borrower, Federal Realty Investment Trust, to secure the 10-year, fixed-rate loan through Principal Commercial Capital.

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