Paramus, N.J. — HFF has arranged $663 million in financing for 15 retail properties and one industrial property located throughout New York and New Jersey.
Scott Aiese, Jon Mikula and Mike Tepedino of HFF arranged 16 separate loans through two CMBS lenders, three life company lenders and one bank on behalf of the borrower, Paramus-based Urban Edge Properties. The loans include 14 fixed- and two floating-rate loans with terms ranging from seven to 13 years. The retail portion of the portfolio is 98.1 percent leased to tenants including ShopRite, Stop & Shop, Aldi, Home Depot, Lowe’s, Costco, BJ’s Wholesale Club and Walmart. The portfolio also includes one multi-tenant warehouse located in East Hanover, New Jersey.