Jersey portfolio fetches $32m.Holliday Fenoglio Fowler's Edison and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of offices teamed on the $32 million sale of the Burroughs Portfolio, a four-building 226,000 s/f, office portfolio in New Jersey. The four properties are Paramus Plaza I, II and IV in Paramus and Preakness Plaza in Wayne. Senior managing director Tom Didio in Edison and senior managing director Glenn Whitmore in New York worked on behalf of Burroughs Development Corporation to arrange the sale to investor, David Schemano. HFF HFF Hochschule für Fernsehen und Film München (Germany) HFF Heartland Film Festival HFF Hardy Fern Foundation HFF Half Forward Flank (football position) HFF Horizontal Flute Factor secured a seven-year, fixed-rate loan Fixed-rate loan A loan whose rate is fixed for the life of the loan. to finance the acquisition of Paramus Plaza I. Two 10-year, fixed-rate loans were arranged for Paramus Plaza II and Preakness, and a six-year, fixed-rate loan for Paramus IV. The loans were arranged through John Hancock Life Insurance Co. and GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance . |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion