{"id":1004326943,"date":"2019-05-28T00:58:31","date_gmt":"2019-05-28T08:58:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004326943"},"modified":"2021-09-10T09:45:17","modified_gmt":"2021-09-10T17:45:17","slug":"nj-power-center-lands-47m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/","title":{"rendered":"NJ Power Center Lands $47M Refi"},"content":{"rendered":"
\"Greenleaf<\/a>

Greenleaf at Howell. Image courtesy of Sun Equity Partners<\/em><\/p><\/div>\n

Sun Equity Partners has received a $46.5 million for the refinancing of Greenleaf at <\/strong>Howell, a premier retail power center in Howell, N.J. JPMorgan Chase provided the loan.<\/p>\n

The property is located at 5313 Route 9 North, on one of New Jersey\u2019s major shopping arteries. According to Sun Equity Partners, the asset serves five townships and sees an average daily traffic count of 40,000 vehicles. Nearby retailers include Lowes, Walmart, Target, Stop-n-Shop, Verizon, Kohls and TJ Max.<\/p>\n

The landlord acquired the 45.8-acre site in 2013 and redeveloped it into a 343,354-square-foot property in 2015. Greenleaf at <\/strong>Howell’s anchor tenants are BJ\u2019s Wholesale Club and LA Fitness. Other businesses include Texas Roadhouse, Xscape Theaters, Complex Kitchen + Market and ClimbZone.<\/p>\n

A JLL team of Vice Chairmen Aaron Appel, Jonathan Schwartz and Keith Kurland, Executive Vice President Brett Rosenberg, Managing Director Adam Schwartz and Analyst Brandon Krupetsky arranged the financing. Earlier this month, another JLL team arranged a loan for a self storage facility<\/a> in Belleville, N.J.<\/p>\n","protected":false},"excerpt":{"rendered":"

JPMorgan Chase provided Sun Equity Partners the loan for Greenleaf at Howell, a 343,354-square-foot shopping center in Howell that the company acquired six years ago. <\/p>\n","protected":false},"author":741,"featured_media":1004326946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10,21749],"tags":[32796,35274,36685],"class_list":["post-1004326943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","category-retail","tag-jll","tag-jpmorgan-chase","tag-sun-equity-partners"],"acf":[],"yoast_head":"\nNJ Power Center Lands $47M Refi - 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-power-center-lands-47m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NJ Power Center Lands $47M Refi\" \/>\n<meta property=\"og:description\" content=\"JPMorgan Chase provided Sun Equity Partners the loan for Greenleaf at Howell, a 343,354-square-foot shopping center in Howell that the company acquired six years ago.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-28T08:58:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-10T17:45:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/1558727410_GREENLEAF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Corina Stef\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/\",\"name\":\"NJ Power Center Lands $47M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/1558727410_GREENLEAF.jpg\",\"datePublished\":\"2019-05-28T08:58:31+00:00\",\"dateModified\":\"2021-09-10T17:45:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nj-power-center-lands-47m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/1558727410_GREENLEAF.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/1558727410_GREENLEAF.jpg\",\"width\":800,\"height\":620,\"caption\":\"Greenleaf at Howell. 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