ROCKAWAY, N.J. — HFF has arranged a $10.5 million loan for the sale/leaseback of an industrial printing and production facility located at 100 Commons Way in Rockaway. The borrower, The Hampshire Companies, received a seven-year, fixed-rate loan through Ocean First Bank for the acquisition of the property. The 352,461-square-foot facility is fully leased by North Jersey Media Group. The three-story property features 150,756 square feet of production and printing space, 57,116 square feet of industrial warehouse and distribution space, 20,765 square feet of office space, a data center, a cafeteria, a parking garage and an on-site post office. Michael Klein, Jon Mikula and Michael Cerulo of HFF negotiated the financing and represented the borrower.
The Hampshire Companies acquired the 352,461-square-foot printing and production facility at 100 Commons Way in Rockaway, N.J., in a sale-leaseback transaction.
HFF Arranges $10.5M Financing for Media Printing, Production Facility in New Jersey
88