{"id":1004227227,"date":"2018-05-04T06:23:21","date_gmt":"2018-05-04T14:23:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004227227"},"modified":"2022-12-08T16:46:03","modified_gmt":"2022-12-09T00:46:03","slug":"nj-industrial-facility-lands-37m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nj-industrial-facility-lands-37m-loan\/","title":{"rendered":"NJ Industrial Facility Lands $37M Loan"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004227278\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/One-County-Road-Secaucus-N.J.-.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004227278\" data-attachment-id=\"1004227278\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nj-industrial-facility-lands-37m-loan\/one-county-road-secaucus-n-j\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/One-County-Road-Secaucus-N.J.-.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon PowerShot SX500 IS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1504743913&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.3&quot;,&quot;iso&quot;:&quot;125&quot;,&quot;shutter_speed&quot;:&quot;0.001&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"One County Road, Secaucus, N.J.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One County Road, Secaucus, N.J.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/One-County-Road-Secaucus-N.J.-.jpg?w=800\" class=\"wp-image-1004227278 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/One-County-Road-Secaucus-N.J.-.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/One-County-Road-Secaucus-N.J.-.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/One-County-Road-Secaucus-N.J.-.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/One-County-Road-Secaucus-N.J.-.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004227278\" class=\"wp-caption-text\">One County Road, Secaucus, N.J.<\/p><\/div>\n<p>Bhasin Properties has secured $36.7 million in permanent financing for a two-building industrial facility in Secaucus, N.J. HFF arranged the 15-year, fixed-rate loan with Allianz Real Estate of America. The loan will go towards taking out an existing construction loan, also arranged by HFF.<\/p>\n<p>Dubbed One Country Road, the property comprises 240,317 square feet and was completed earlier this year. The asset offers 32-foot clear heights, 180-foot truck courts, 56 tailboard doors with the capacity to accommodate an additional 28, and 50-foot by 35-foot column spacing. One Country Road encompasses 20 acres and is situated in the Meadlowlands industrial market, at the intersection of Route 3 and the New Jersey Turnpike.<\/p>\n<p>Senior Managing Director Jon Mikula was part of the HFF debt placement team representing the borrower.\u00a0<em>\u201cOne County Road is an example of the tremendous demand for industrial space in the Meadowlands,\u201d<\/em>\u00a0said Mikula, in a prepared statement.\u00a0<em>\u201cOver the course of the lease-up, rents grew almost 30 percent.\u201d\u00a0<\/em><\/p>\n<p>In February, HFF and Allianz Real Estate of America partnered up once more to arrange an <a href=\"https:\/\/www.commercialsearch.com\/news\/seattle-mid-rise-lands-82m-refi\/\">$82 million fixed-rate loan<\/a> on behalf of Urban Visions to refinance 200 Occidental in Seattle.<\/p>\n<p><em>Image courtesy of HFF\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF arranged the 15-year, fixed-rate loan with Allianz Real Estate of America, working on behalf of Bhasin Properties. The asset is situated in Secaucus and comprises 240,317 square feet. <\/p>\n","protected":false},"author":746,"featured_media":1004227278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21742,10],"tags":[36612,32792,34060],"class_list":["post-1004227227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-latest","category-northeast","tag-allianz-real-estate","tag-hff","tag-jon-mikula"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NJ Industrial Facility Lands $37M Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nj-industrial-facility-lands-37m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NJ Industrial Facility Lands $37M Loan\" \/>\n<meta property=\"og:description\" content=\"HFF arranged the 15-year, fixed-rate loan with Allianz Real Estate of America, working on behalf of Bhasin Properties. 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